Groundwater Extraction for Irrigation Purposes: The Case of Asymmetric Players
Valeriia Chukaeva,
Julia de Frutos Cachorro,
Jesús Marín-Solano
Abstract:In this paper, we address the problem of groundwater exploitation by heterogeneous farmers for irrigation purposes. In particular, we study the possible inefficiencies that can arise in this type of common resource problem by considering the dynamic and strategic interactions between groundwater users. To this end, we build a two-player differential game in which two types of farmers (or many farmers grouped into two types, with a representative farmer for each group) display different characteristics related … Show more
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