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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/226494
Natural Resource Management Under Increasing Scarcity and Competition: The Case of Groundwater
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This study examines natural resource management under competing heterogeneous users, climate-induced stress, and usage restrictions. We focus on groundwater, an essential resource for water-dependent activities increasingly threatened by climate change. We introduce a declining recharge in a dynamic game to represent increasing water scarcity, along with a restriction policy that limits non-priority use to prevent overexploitation. The results show that targeted restrictions can improve long-term resource levels and total welfare compared to unregulated and abundant scenarios. However, these benefits come at the expense of the non-priority sector, revealing a trade-off between sustainability and equity.
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FRUTOS CACHORRO, Julia de, MAÑÓ CABELLO, Carles and MARÍN SOLANO, Jesús. Natural Resource Management Under Increasing Scarcity and Competition: The Case of Groundwater. The BE Journal of Economic Analysis & Policy. 2026. Vol. 26, num. 1, pags. 349-361. ISSN 1935-1682. [consulted: 8 of June of 2026]. Available at: https://hdl.handle.net/2445/226494