Optimal and Sustainable Groundwater Extraction

Water Resources, James Roumasset, Christopher Wada, Environment, Publications, Working Papers

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 sustainable patterns of groundwater management. We review the many sustainable paths for groundwater extraction from a coastal aquifer and show how to find the particular sustainable path that is welfare maximizing.