UHERO
James Roumasset
Ordering the extraction of renewable resources: The case of multiple aquifers
We provide conditions for optimal use of multiple sources of a renewable resource and characterize the resulting extraction sequence, resource scarcity values, and (single) efficiency…
Islands of Sustainability in Time and Space
We review the economics perspective on sustainable resource use and sustainable development. Under standard conditions, dynamic efficiency leads to sustainability of renewable resources but not…
Efficient Management of Coastal Marine Nutrient Loads with Multiple Sources of Abatement Instruments
Pollution management based on marginal abatement costs is optimal only if those abatement costs are specified correctly. Using the example of nitrogen pollution in groundwater,…
Ordering Renewable Resources: Groundwater, Recycling, and Desalination
In this paper, we consider the role that wastewater recycling plays in the optimal extraction of groundwater, a renewable resource. We develop a two-sector dynamic…
Ordering Renewables: Groundwater, Recycling and Desalination
Optimal recycling of minerals can be thought of as an integral part of the theory of the mine. In this paper, we consider the role…
UHERO Brief: Honolulu Rail Transit: Do the Benefits Justify the Costs?
Preliminary considerations suggest a high degree of uncertainty about whether the benefits of rail justify the costs. As the conversation about rail costs advances, we…
Publication: Optimal Management of a Hawaiian Coastal Aquifer with Nearshore Marine Ecological Interactions
We optimize groundwater management in the presence of marine consequences of submarine groundwater discharge (SGD). Concern for marine biota increases the optimal steady-state head level…
Publication: Optimal and Sustainable Groundwater Extraction
With climate change exacerbating over-exploitation, groundwater scarcity looms as an increasingly critical issue worldwide. Minimizing the adverse effects of scarcity requires optimal as well as…
Publication: Renewable Resource Management with Stock Externalities: Coastal Aquifers and Submarine Groundwater Discharge
We model coastal groundwater management and its effects on submarine groundwater discharge, nearshore marine water quality, and marine biota. Incorporating the stock externality effects on…