Kimberly Burnett
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 develop general principles for using resources with spillovers, including corrective taxes (subsidies) for incentivizing private resource users. We then analyze specific cases of managing water resources, in particular the interaction […]
Read MoreOptimal 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 balance of a given watershed, and thus affect both the quantity and quality of freshwater entering the ground. Groundwater management frameworks often abstract from such interactions. However, in some cases, […]
Read MoreThe 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 protection against “bad” and “ugly” natural capital such as invasive plants and feral animals and the enhancement of “good” capital (e.g. protective fencing) are often viewed as distinct management problems. […]
Read MoreOptimal groundwater management when recharge is declining: a method for valuing the recharge benefits of watershed conservation
Demand for water will continue to increase as per capita income rises and the population grows, and natural hazard resilience can exacerbate the problem through changes in precipitation patterns and quantities, evapotranspiration, and land cover—all of which directly or indirectly affect the amount of water that ultimately infiltrates back into groundwater aquifers. We develop a […]
Read MoreChanging climate conditions threaten groundwater recharge. The potential benefits of conserving it are substantial.
By Kim Burnett and Christopher Wada Results from a recent statistical exercise suggest that by the end of the 21st century, Hawaii will likely see a 5-10% reduction in precipitation during the wet season and a 5% increase during the dry season (Timm and Diaz 2009). Given that approximately 70% of normal precipitation falls during […]
Read MorePublication: Optimal groundwater management when recharge is declining: a method for valuing the recharge benefits of watershed conservation
Demand for water will continue to increase as per capita income rises and the population grows, and climate change can exacerbate the problem through changes in precipitation patterns and quantities, evapotranspiration, and land cover—all of which directly or indirectly affect the amount of water that ultimately infiltrates back into groundwater aquifers. We develop a dynamic […]
Read MoreUHERO 101.8: Are All Tax Credits Created Equal?
By Kimberly Burnett and James Jones The intention of well-designed tax credit programs is to incentivize individuals or organizations to invest or participate in a commodity or service that will increase the greater good (by, for example, stimulating the economy and/or reducing environmental damage), but that they might not invest in without this additional benefit. […]
Read MoreUHERO 101.7: School’s Out, Unemployment Up?
By Kimberly Burnett and James Jones Last week’s Star Advertiser reported that Honolulu’s unemployment rate increased from May’s 4.0% to 4.7% in June. Is the local labor market in free-fall? Not exactly. When students graduate or are released for summer break, many of them start searching for employment. Suddenly the labor market is flooded with thousands […]
Read MoreUHERO 101.6: Recession Dating
By Kimberly Burnett While the U.S. economy has been out of the last recession since the summer of 2009, a new poll found that a majority of people (54%) thinks the country is still there. How are these things measured, and who decides when a recession starts and ends? The National Bureau of Economic Research […]
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