The buffer value of groundwater with stochastic surface water supplies

Journal of Environmental Economics and Management - Tập 21 Số 3 - Trang 201-224 - 1991
Yacov Tsur1, Theodore Graham‐Tomasi1
1Department of Agricultural and Applied Economics, University of Minnesota, St Paul, Minnesota 55108, USA

Tóm tắt

Từ khóa


Tài liệu tham khảo

Benveniste, 1979, On the differentiability of the value function in dynamic models of economics, Econometrica, 47, 727, 10.2307/1910417

Blume, 1982, Characterization of optimal plans for stochastic dynamic programs, J. Econom. Theory, 28, 221, 10.1016/0022-0531(82)90059-X

Bredehoeft, 1983, Conjunctive use of groundwater and surface water: Risk aversion, Water. Resour. Res., 19, 1111, 10.1029/WR019i005p01111

Brown, 1967, A socially optimum pricing policy for a public water agency, Water Resour. Res., 3, 33, 10.1029/WR003i001p00033

Burt, 1964, The economics of conjunctive use of ground and surface water, Hilgardia, 36, 31, 10.3733/hilg.v36n02p031

Burt, 1964, Optimal resource use over time with an application to groundwater, Management Science, 11, 80, 10.1287/mnsc.11.1.80

Burt, 1970, Production and investment in natural resource industries, Amer. Econom. Rev., 60, 576

Cummings, 1969, The economics of production from exhaustible resources: Note, Amer. Econom. Rev., 59, 985

Cummings, 1970, Water resource management in arid environs, Water Resour. Res., 6, 1559, 10.1029/WR006i006p01559

Deshmukh, 1985, A martingale characterization of the price of a nonrenewable resource with decisions involving uncertainty, J. Econom. Theory, 35, 322, 10.1016/0022-0531(85)90047-X

Devarajan, 1989, Dynamic policy coordination: Stockpiling for energy security, J. Environ. Econom. Management, 16, 9, 10.1016/0095-0696(89)90041-7

Drèze, 1972, Consumption decisions under uncertainty, J. Econom. Theory, 5, 308, 10.1016/0022-0531(72)90044-0

Epstein, 1978, Production flexibility and the behaviour of the competitive firm under price uncertainty, Rev. Econom. Stud., 45, 251, 10.2307/2297339

Fleming, 1975

Gould, 1974, Risk, stochastic preference, and the value of information, J. Econom. Theory, 8, 64, 10.1016/0022-0531(74)90006-4

Haneman, 1989, Information and the concept of option value, J. Environ. Econom. Management, 16, 23, 10.1016/0095-0696(89)90042-9

Howitt, 1980, A reevaluation of price elasticities for irrigation water, Water Resour. Res., 16, 623, 10.1029/WR016i004p00623

Kamien, 1981

Newbery, 1981

Tsur, 1990, The stabilization role of groundwater when surface water supplies are uncertain: The implications for groundwater development, Water Resour. Res., 26, 811

Young, 1972, Digital computer simulation for solving management problems of conjunctive groundwater and surface water systems, Water Resour. Res., 8, 533, 10.1029/WR008i003p00533