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来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Optimal Mechanisms for Heterogeneous Multi-cell Aquifers
Stergios Athanassoglou; Glenn Sheriff; Tobias Siegfried; Woonghee Tim Huh
发表日期2011
出处Climate Change and Sustainable Development
出版年2011
语种英语
摘要Standard economic models of groundwater management impose restrictive assumptions regarding perfect transmissivity (i.e., the aquifer behaves as a bathtub), no external effects of groundwater stocks, observability of individual extraction rates, and/or homogenous agents. In this article, we derive regulatory mechanisms for inducing the socially optimal extraction path in Markov perfect equilibrium for aquifers in which these assumptions do not hold. In spite of the complexity of the underlying system, we identify an interesting case in which a simple linear mechanism achieves the social optimum. To illustrate potential problems that can arise by erroneously imposing simplifying assumptions, we conduct a simulation based on data from the Indian state of Andhra Pradesh. *** Suggested citation: Stergios Athanassoglou, Glenn Sheriff, Tobias Siegfried, Woonghee Tim Huh, Optimal Mechanisms for Heterogeneous Multi-Cell Aquifers, Environ Resource Econ (2012) 52:265–291, http://dx.doi.org/10.1007/s10640-011-9528-0
特色分类C6;D0
关键词Common Property Resource Differential Games Groundwater Extraction Imperfect Monitoring Markov Perfect Equilibrium
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/optimal-mechanisms-for-heterogeneous-multi-cell-aquifers/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117954
推荐引用方式
GB/T 7714
Stergios Athanassoglou,Glenn Sheriff,Tobias Siegfried,et al. Optimal Mechanisms for Heterogeneous Multi-cell Aquifers. 2011.
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