Cahier 2016-14| Title: | Groundwater management in food security context | | Abstract: | This article studies the sustainability of market-based instrument such as tradable permits for the management of a renewable aquifer used in agriculture production. Based on a 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. We then illustrate the results with numerical simulations based on the data from Gisser and Sanchez (1980).
Keywords: Groundwater, Agriculture, | | Keyword(s): | Groundwater, Agriculture, Irrigation, Food security, Individual permits, Sustainability, Dynamic model, Viability kernel. | | Auteur(s) : | Jean-christophe PEREAU, Lauriane MOUYSSET, Luc DOYEN | | JEL Class.: | 15, Q25, C61 | Télécharger le cahier Retour à la liste des Cahier du GRETHA (2016) |
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