Constrained conjunctive-use for endogenously separable water markets: Managing the Waihole-Waikane aqueduct

Rodney B.W. Smith, James Roumasset

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

An internal solution to an optimal control problem involving conjunctive-use of surface and groundwater may be inapplicable if water is not sufficiently fungible across space and time. We provide a more general solution and apply it to the problem of allocating a limited amount of water from the Ko'olau mountains to two Oahu water districts separated by those mountains. The solution involves initially allocating all of the mountain water to the district supplied by groundwater but eventually allocating all of the water to the district supplied by surface water. The conditions for an internal solution hold only in the intervening years when some mountain water is allocated to each district.

Original languageEnglish (US)
Title of host publicationEconomics of Water Resources
Subtitle of host publicationInstitutions, Instruments and Policies for Managing Scarcity
PublisherTaylor and Francis
Pages217-227
Number of pages11
ISBN (Electronic)9781351159289
ISBN (Print)9780815388722
StatePublished - Jan 18 2018

Keywords

  • Conjunctive-use
  • Resource economics

Fingerprint Dive into the research topics of 'Constrained conjunctive-use for endogenously separable water markets: Managing the Waihole-Waikane aqueduct'. Together they form a unique fingerprint.

Cite this