UHERO
James Roumasset
Payments for Watershed Services as Adaptation to Climate Change: Upstream Conservation and Downstream Aquifer Management
Economically optimal groundwater extraction allocates water over space and time to its highest and best social use. But optimal management of water resources also requires…
Energy, Backstop Endogeneity, and the Optimal Use of Groundwater
To meet the growing demand for freshwater, many regions have increased groundwater pumping in recent years, resulting in declining groundwater levels worldwide. A promising development…
Incentivizing interdependent resource management: watersheds, groundwater, and coastal ecology
Managing water resources independently may result in substantial economic losses when those resources are interdependent with each other and with other environmental resources. We first…
Groundwater Economics without Equations
In many parts of the world, irrigation and groundwater consumption are largely dependent on groundwater. Minimizing the adverse effects of water scarcity requires optimal as…
Optimal Joint Management of Interdependent Resources: Groundwater vs. Kiawe (Prosopis pallida)
Local and global changes continue to influence interactions between groundwater and terrestrial ecosystems. Changes in precipitation, surface water, and land cover can affect the water…
The Good, Bad, and Ugly of Watershed Management
Efficient management of groundwater resource systems requires careful consideration of relationships — both positive and negative — with the surrounding environment. The removal of and…
Intergenerational equity with individual impatience in a model of optimal and sustainable growth
Among the ethical objections to intergenerational impartiality is the violation of consumer sovereignty given that individuals are impatient. We accommodate that concern by distinguishing intra-…
Ordering Extraction from Multiple Aquifers
Optimal groundwater extraction satisfies the condition that the marginal benefits of water consumption equal the full marginal cost of extraction in each period, including the…
Integrating Demand-Management with Development of Supply-Side Substitutes
Sustaining water availability at current prices in the face of growing demand and declining resources is not possible, and scarcity is further exacerbated by falling…