2005 - Seawater Intrusion Policy Analysis with a Numerical Spatially Heterogeneous Dynamic Optimization Model

Title

2005 - Seawater Intrusion Policy Analysis with a Numerical Spatially Heterogeneous Dynamic Optimization Model

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Subject

Groundwater overdraft and seawater intrusion in Monterey County and California

Description

This study develops a general dynamic optimization model that emphasizes the institutional and physical characteristics that differentiate this policy problem from other groundwater extraction problems. The solution of the model exhibits heterogeneous spatial distribution of optimal extraction based on spatially distributed extraction cost, pumping cost externality, and seawater intrusion stock externality. Comparison of model results under alternative management regimes elucidates landowner economic incentives, reveals the potential welfare loss of current state policy, and explains much of the history of the political economy of water in Monterey County.

Source

Wiley Online Library

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PDF

Language

English

Disciplines

Business | Education | Life Sciences | Social and Behavioral Sciences

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Paper

Document Type

Article

2005 - Seawater Intrusion Policy Analysis with a Numerical Spatially Heterogeneous Dynamic Optimization Model

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