2014
DOI: 10.1016/j.jedc.2014.01.005
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Optimal adaptation strategies to face shocks on groundwater resources

Abstract: We consider an exogenous and reversible shock to a groundwater resource, namely a decrease in the recharge rate of the aquifer. We compare optimal extraction paths and the social costs of optimal adaptation in two cases: under certainty, i.e. when the date of occurrence of the shock is known, and under uncertainty, when the date of occurrence of the shock is a random variable. We show that an increase in uncertainty leads to a decrease in precautionary behavior in the short run and to an increase in precaution… Show more

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Cited by 25 publications
(17 citation statements)
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References 18 publications
(54 reference statements)
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“…A single cell model is employed to simulate the response of water resources to changing socioeconomic and environmental conditions. This class of hydrological model is commonly used in the field of water resources economics and there is an extensive body of literature describing their application (see de Frutos Cachorro et al, ; Gisser & Mercado, ; Koundouri, ). The soil column is represented in terms of the total available water , TAW (M/ L 2 ), which describes the maximum amount of water that is available to plants at field capacity: TAW=()θFCθWPZr, where θ FC and θ WP (M/L 3 ) are, respectively, field capacity and wilting point and Z r ( L ) is the maximum root depth in meters.…”
Section: Model Developmentmentioning
confidence: 99%
“…A single cell model is employed to simulate the response of water resources to changing socioeconomic and environmental conditions. This class of hydrological model is commonly used in the field of water resources economics and there is an extensive body of literature describing their application (see de Frutos Cachorro et al, ; Gisser & Mercado, ; Koundouri, ). The soil column is represented in terms of the total available water , TAW (M/ L 2 ), which describes the maximum amount of water that is available to plants at field capacity: TAW=()θFCθWPZr, where θ FC and θ WP (M/L 3 ) are, respectively, field capacity and wilting point and Z r ( L ) is the maximum root depth in meters.…”
Section: Model Developmentmentioning
confidence: 99%
“…In most empirical studies related to groundwater policies, recommendations are drawn up based on mathematical optimization models (e.g. de Frutos Cachorro et al, 2014). These models consider farmers as homogeneous 'end-users' rather than heterogeneous actors (Venot et al, 2010), which makes their implications sometimes difficult to implement (Vanclay, 2005).…”
Section: Theoretical Framework: Adaptations To Water Shortagementioning
confidence: 99%
“…In such a type of analysis, farmers' adaptation strategies are determined ex ante through surveys and are used as independent variables in the models. Further, some authors (de Frutos Cachorro et al, 2014) analyse temporary reversible groundwater shortages and their effect on farmers' behaviour, while others (Berahmani et al, 2012;Shah, 2012) analyse the effect of 'permanent' groundwater depletion and the strategies farmers adopt to deal with such shortage. Berahmani et al (2012) analysed different strategies adopted by farmers to cope with the groundwater crisis in the Chaouia region in Morocco.…”
Section: Theoretical Framework: Adaptations To Water Shortagementioning
confidence: 99%
“…Most studies tackling the groundwater problem have applied modelling in order to target the 'Optimal management of groundwater resource' (Cummings 1971;Provencher and Burt 1993;Moreaux and Reynaud 2004;Tsur and Zemel 2004;de Frutos Cachorro et al 2014). A multidisciplinary approach has been advocated and there has been a long process of theory development.…”
Section: Introductionmentioning
confidence: 99%