UHERO
Publications
A dynamic approach to PES pricing and finance of interlinked ecosystem services: Watershed conservation and groundwater management
A theory of payment for ecosystem services (PES) pricing consistent with dynamic efficiency and sustainable income requires optimized shadow prices. Since ecosystem services are generally…
Species Invasion as Catastrophe: The Case of the Brown Tree Snake
This paper develops a two-stage model for the optimal management of a potential invasive species. The arrival of an invasive species is modeled as an…
An economic approach to assessing import policies designed to prevent the arrival of invasive species: the case of Puccinia psidii in Hawai‘i
Since its first documented introduction to Hawai‘i in 2005, the rust fungus Puccinia psidii has already severely damaged Syzygium jambos (Indian rose apple) trees and…
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…
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…
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: Spatial Economic Analysis of Early Detection and Rapid Response Strategies for an Invasive Species
Economic impacts from invasive species, conveyed as expected damages to assets from invasion and expected costs of successful prevention and/or removal, may vary significantly across…
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…