Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/176488
Title: Competition between different groundwater uses under water scarcity
Author: Frutos Cachorro, Julia de
Marín Solano, Jesús
Navas, Jorge
Keywords: Circulació d'aigües subterrànies
Escassetat
Teoria de jocs
Groundwater flow
Scarcity
Game theory
Issue Date: Jan-2021
Publisher: Elsevier B.V.
Abstract: We study groundwater management under a regime shock affecting water availability, using a dynamic common-property resource game. The different players correspond to different groundwater uses (irrigation or urban water supply), enabling us to consider competition between economic sectors for the stock with limited availability. The players have different water demand functions and, under certain circumstances depending on the shock, different discount rates. The effects of asymmetries in both demand and discount rates are analyzed, comparing cooperative and non-cooperative solutions. A numerical analysis for the particular case of the Western La Mancha aquifer in Spain is conducted to analyze the degree of inefficiency of non-cooperative solutions with respect to cooperative solutions in terms of welfare. We show that a higher asymmetry in discount rates reduces the inefficiency of non-cooperative solutions. The opposite result is obtained when considering the asymmetry in demand.
Note: Versió postprint del document publicat a: https://doi.org/10.1016/j.wre.2020.100173
It is part of: Water Resources and Economics, 2021, vol. 33, num. 100173
URI: http://hdl.handle.net/2445/176488
Related resource: https://doi.org/10.1016/j.wre.2020.100173
ISSN: 2212-4284
Appears in Collections:Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial)

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