Abstract
When utilized with a stochastic source of surface water for irrigation, groundwater may serve to mitigate fluctuations in the supply of water. The benefit corresponding to this service is the buffer value of groundwater. We show that the buffer value is positive. Numerical studies reveal that its magnitude can be significant. The paper also offers a characterization of groundwater extraction in such a setting.
| Original language | English |
|---|---|
| Pages (from-to) | 201-224 |
| Number of pages | 24 |
| Journal | Journal of Environmental Economics and Management |
| Volume | 21 |
| Issue number | 3 |
| DOIs | |
| State | Published - Nov 1991 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 6 Clean Water and Sanitation
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