The optimal allocation of the groundwater resource over time by the use of the user cost
A mathematical model of maximizing the present-value of the groundwater reservoir is developed. According to it the optimal condition of the water use is: to ration the water in a way which makes the marginal net rent to the water equal to the marginal user cost each year. The model is valid for eve...
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| Language: | English |
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University of British Columbia
2011
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| Online Access: | http://hdl.handle.net/2429/34664 |