Out of sight, not out of mind: developments in economic models of groundwater management
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/14739 |
Resumo: | Dynamic models of natural resource management have been applied to groundwater for decades, incorporating at least two inescapable aspects: first, since groundwater stocks are carried over to future periods, dynamic analysis is essential and any costs and benefits included in the analysis will require discounting; second, the positive and normative aspects of management must be clarified at the outset. The difference is fundamental even if the results of the two model types sometimes turn out to be fairly close. A whole strand of literature has been preoccupied with the question of whether policy interventions at least have the potential of improving groundwater management in a meaningful sense. However, given the well-documented parlous state of many aquifers around the world today, the focus has mostly shifted from debating whether or not intervention is worthwhile to identifying the relevant features of complex groundwater systems, designing better policies and facilitating their successful implementation. We survey developments in economic models relevant to groundwater management, focusing especially on the depiction of uncertainty and on the different methods applied to estimate the total economic value of groundwater. |
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Out of sight, not out of mind: developments in economic models of groundwater managementDynamic models of groundwater resource managementDynamic cost benefit analysisUncertaintyDiscountingTotal economic valuePolicy instrumentsDynamic models of natural resource management have been applied to groundwater for decades, incorporating at least two inescapable aspects: first, since groundwater stocks are carried over to future periods, dynamic analysis is essential and any costs and benefits included in the analysis will require discounting; second, the positive and normative aspects of management must be clarified at the outset. The difference is fundamental even if the results of the two model types sometimes turn out to be fairly close. A whole strand of literature has been preoccupied with the question of whether policy interventions at least have the potential of improving groundwater management in a meaningful sense. However, given the well-documented parlous state of many aquifers around the world today, the focus has mostly shifted from debating whether or not intervention is worthwhile to identifying the relevant features of complex groundwater systems, designing better policies and facilitating their successful implementation. We survey developments in economic models relevant to groundwater management, focusing especially on the depiction of uncertainty and on the different methods applied to estimate the total economic value of groundwater.Now Publishers2017-12-11T09:43:10Z2017-01-01T00:00:00Z20172019-03-27T16:25:22Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/14739eng1932-146510.1561/101.00000091Koundouri, P.Roseta-Palma, C.Englezos, N.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T18:02:29Zoai:repositorio.iscte-iul.pt:10071/14739Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:33:44.108521Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Out of sight, not out of mind: developments in economic models of groundwater management |
title |
Out of sight, not out of mind: developments in economic models of groundwater management |
spellingShingle |
Out of sight, not out of mind: developments in economic models of groundwater management Koundouri, P. Dynamic models of groundwater resource management Dynamic cost benefit analysis Uncertainty Discounting Total economic value Policy instruments |
title_short |
Out of sight, not out of mind: developments in economic models of groundwater management |
title_full |
Out of sight, not out of mind: developments in economic models of groundwater management |
title_fullStr |
Out of sight, not out of mind: developments in economic models of groundwater management |
title_full_unstemmed |
Out of sight, not out of mind: developments in economic models of groundwater management |
title_sort |
Out of sight, not out of mind: developments in economic models of groundwater management |
author |
Koundouri, P. |
author_facet |
Koundouri, P. Roseta-Palma, C. Englezos, N. |
author_role |
author |
author2 |
Roseta-Palma, C. Englezos, N. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Koundouri, P. Roseta-Palma, C. Englezos, N. |
dc.subject.por.fl_str_mv |
Dynamic models of groundwater resource management Dynamic cost benefit analysis Uncertainty Discounting Total economic value Policy instruments |
topic |
Dynamic models of groundwater resource management Dynamic cost benefit analysis Uncertainty Discounting Total economic value Policy instruments |
description |
Dynamic models of natural resource management have been applied to groundwater for decades, incorporating at least two inescapable aspects: first, since groundwater stocks are carried over to future periods, dynamic analysis is essential and any costs and benefits included in the analysis will require discounting; second, the positive and normative aspects of management must be clarified at the outset. The difference is fundamental even if the results of the two model types sometimes turn out to be fairly close. A whole strand of literature has been preoccupied with the question of whether policy interventions at least have the potential of improving groundwater management in a meaningful sense. However, given the well-documented parlous state of many aquifers around the world today, the focus has mostly shifted from debating whether or not intervention is worthwhile to identifying the relevant features of complex groundwater systems, designing better policies and facilitating their successful implementation. We survey developments in economic models relevant to groundwater management, focusing especially on the depiction of uncertainty and on the different methods applied to estimate the total economic value of groundwater. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-11T09:43:10Z 2017-01-01T00:00:00Z 2017 2019-03-27T16:25:22Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/14739 |
url |
http://hdl.handle.net/10071/14739 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1932-1465 10.1561/101.00000091 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Now Publishers |
publisher.none.fl_str_mv |
Now Publishers |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134899056148480 |