Temporal allocation of groundwater
作者:
Oscar R. Burt,
期刊:
Water Resources Research
(WILEY Available online 1967)
卷期:
Volume 3,
issue 1
页码: 45-56
ISSN:0043-1397
年代: 1967
DOI:10.1029/WR003i001p00045
关键词: Economics;groundwater;water management;water resources
数据来源: WILEY
摘要:
A relatively simple economic model for allocation of groundwater in time is developed. The economic consequences of altering various parameters in the model are examined with respect to the effect on equilibrium stocks and rate of use. The concept of a conditional decision rule for stochastic groundwater recharge and the properties of the implied equilibrium are discussed. In its simplest form, the derived decision rule is to equate marginal net output with respect to rate of use to capitalized marginal net output with respect to water stocks.
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