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Environmental Valuation and the Hawaiian Economy

Economic planning and policy analysis are commonly criticized for their failure to properly account for adverse effects of economic development on the environment and other interactions between nature and the market economy. The limited and piecemeal curbs on land development projects, e.g. as provided by environmental impact requirements, fail to diagnose the major negative impacts of the economy on development and to direct available resources to the most serious environmental problems in a cost-effective manner.

working paper


Inter-district Water Allocation with Conjunctive Use

 

Published: Roumasset, J. and Smith, R., 2001.  Inter-district water allocation with conjunctive use. Water Resources Update, 118, 68-73.


Constrained conjunctive-use for endogenously separable water markets: managing the Waihole-Waikane aqueduct

An internal solution to an optimal control problem involving conjunctive-use of surface and groundwater may be inapplicable if water is not sufficiently fungible across space and time. We provide a more general solution and apply it to the problem of allocating a limited amount of water from the Ko‘olau mountains to two Oahu water districts separated by those mountains. The solution involves initially allocating all of the mountain water to the district supplied by groundwater but eventually allocating all of the water to the district supplied by surface water. The conditions for an internal solution hold only in the intervening years when some mountain water is allocated to each district.

Published: Smith, R. B. W. and Roumasset, J., 2000.  Constrained conjunctive-use for endogenously separable water markets: managing the Waihole-Waikane aqueduct.  Agricultural Economics, 24 (1). 61-71.


Privatizing Public Services with Externalities: Water and Wastewater Systems

 

Published: Roumasset, J., 2000. Privatizing public services with externalities: water and wastewater systems,” Water Resources Update, 117 (October 2000).


Optimal allocation of ground and surface water on O'ahu: water wars in paradise

 

Published: Moncur, J., Roumasset, J. and Smith, R., 1998.  Optimal allocation of ground and surface water on O'ahu: Water wars in paradise. Conflict and Cooperation on Trans-Boundary Water Resources, Richard E. Just and Sinaia Netanyahu, eds., Boston: Kluwer Academic Publishers. pp. 333-348.


Political economy of protecting unique recreational resources: Hanauma Bay, Hawai'i

 

Published: Mak, J. and Moncur, J., 1998. Political economy of protecting unique recreational resources: Hanauma Bay, Hawai'i.  Ambio, 27 (3), 217-223.


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