Groundwater Management in a Food Security Context
Copyright policy )Groundwater Management in a Food Security Context
This article analyzes the sustainability of market-based instruments such as tradable permits for the management of a renewable aquifer used for irrigated agriculture. In our dynamic hydro-economic model, a water agency aims at satisfying a food security constraint within a tradable permit scheme in the presence of myopic heterogeneous agents. We identify analytically the viability kernel that defines the states of the resource yielding inter-temporal feasible paths able to satisfy the set of constraints over time and the associated set of viable quota policies. We then illustrate the theoretical results of the paper with numerical simulations based on the Western La Mancha aquifer.
Groundwater Management, Numerical Method, irrigation, Food Supply, JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C61 - Optimization Techniques • Programming Models • Dynamic Analysis, groundwater, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Groundwater, agriculture, sustainable development, [QFIN]Quantitative Finance [q-fin], Groundwater Resources, Agriculture, Heterogeneous Agents, Sustainable Development, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, [QFIN] Quantitative Finance [q-fin], eau souterraine, Dynamic Model, Aquifers, Individual Permits, Sustainability, individual permits, développement durable, modèle dynamique, Economic Modeling, Water Management, 330, Irrigated Agriculture, dynamic model, JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q2 - Renewable Resources and Conservation/Q.Q2.Q25 - Water, JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q1 - Agriculture/Q.Q1.Q15 - Land Ownership and Tenure • Land Reform • Land Use • Irrigation • Agriculture and Environment, Viability Kernel, Irrigation, securité alimentaire, viability kernel, Food Security, Market-Based Instruments, Aquifer, Dynamic Models, Model, jel: jel:Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q1 - Agriculture/Q.Q1.Q15 - Land Ownership and Tenure • Land Reform • Land Use • Irrigation • Agriculture and Environment, jel: jel:Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q2 - Renewable Resources and Conservation/Q.Q2.Q25 - Water, jel: jel:C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C61 - Optimization Techniques • Programming Models • Dynamic Analysis
Groundwater Management, Numerical Method, irrigation, Food Supply, JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C61 - Optimization Techniques • Programming Models • Dynamic Analysis, groundwater, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Groundwater, agriculture, sustainable development, [QFIN]Quantitative Finance [q-fin], Groundwater Resources, Agriculture, Heterogeneous Agents, Sustainable Development, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, [QFIN] Quantitative Finance [q-fin], eau souterraine, Dynamic Model, Aquifers, Individual Permits, Sustainability, individual permits, développement durable, modèle dynamique, Economic Modeling, Water Management, 330, Irrigated Agriculture, dynamic model, JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q2 - Renewable Resources and Conservation/Q.Q2.Q25 - Water, JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q1 - Agriculture/Q.Q1.Q15 - Land Ownership and Tenure • Land Reform • Land Use • Irrigation • Agriculture and Environment, Viability Kernel, Irrigation, securité alimentaire, viability kernel, Food Security, Market-Based Instruments, Aquifer, Dynamic Models, Model, jel: jel:Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q1 - Agriculture/Q.Q1.Q15 - Land Ownership and Tenure • Land Reform • Land Use • Irrigation • Agriculture and Environment, jel: jel:Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q2 - Renewable Resources and Conservation/Q.Q2.Q25 - Water, jel: jel:C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C61 - Optimization Techniques • Programming Models • Dynamic Analysis
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