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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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The BE Journal of Economic Analysis & Policy, 2026, vol. 26, num.1, p. 349-361

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cc by (c) Frutos Cachorro, Julia de et al., 2026

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Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial)

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Natural Resource Management Under Increasing Scarcity and Competition: The Case of Groundwater