English, Article edition: COSTS OF CALIFORNIA's CORRELATIVE RIGHTS DOCTRINE AS A SOLUTION TO GROUNDWATER OVERDRAFT NATHAN ERIC HAMPTON

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Bookmark: http://trove.nla.gov.au/version/185334
Physical Description
  • article
Language
  • English

Edition details

Title
  • COSTS OF CALIFORNIA's CORRELATIVE RIGHTS DOCTRINE AS A SOLUTION TO GROUNDWATER OVERDRAFT
Author
  • NATHAN ERIC HAMPTON
Physical Description
  • article
Notes
  • This paper reports the present value of groundwater use under alternative institutional structures for the eastern portion of California's San Joaquin Valley. The Gisser-Sanchez model, with data from the California Department of Water Resources, produced these results. The paper, through the use of an optimal control model, shows that private property rights outperform common property rights as an institutional guide to groundwater use. Furthermore, the paper shows that adjudicating groundwater rights under claim of adverse possession gives rise to a discounted flow of future income which, when compared with that of common property, gives the incentive to adjudicate groundwater rights. Copyright 1990 Western Economic Association International.
  • RePEc:bla:coecpo:v:8:y:1990:i:4:p:106-117
Language
  • English
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