PEREAU, Jean-Christophe; PRYET, A.; RAMBONILAZA, T.

doi:10.1016/j.ecolecon.2019.03.018

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PEREAU, Jean-Christophe

Groupe de Recherche en Economie Théorique et Appliquée [GREThA]

PRYET, A.

RAMBONILAZA, T.

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Ecological Economics. 2019, vol. 161, p. 109-120

Resumen en inglés

The protection of environmental flows is a main challenge pursued by water regulating agencies in their groundwater management policies. A stylised hydro-economic model with natural drainage is used to compare the outcome of the optimal control approach in which environmental flows are introduced as an externality with the viable approach in which environmental flows are modelled as a constraint to satisfy. The optimal and viable paths for the water table, water extraction for irrigation and environmental flows are analytically derived together with their long-term values. We show how results are sensitive to some key parameters like the discount factor and the monetary value of the externality in the optimal control approach. We show how the value of the environmental flows target in the viable approach can be derived from the optimal control approach. Numerical simulations based on the Western La Mancha aquifer illustrate the main results of the study.< Leer menos

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Spain

Aquifer

Castilla-La Mancha

Drainage

Environmental Flows

Environmental Protection

Groundwater

Groundwater Dependent Ecosystem

Groundwater Flow

Groundwater Management

La Mancha [Castilla-La Mancha]

Model

Optimal Control

Viability

Water Budget

Water Budget Myth

Water Flow

Water Management

Water Table

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Optimality Versus Viability in Groundwater Management with Environmental Flows

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