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Environmental and Resource Economics

, Volume 71, Issue 2, pp 319–336 | Cite as

Groundwater Management in a Food Security Context

  • Jean-Christophe PereauEmail author
  • Lauriane Mouysset
  • Luc Doyen
Article

Abstract

This article analyzes the sustainability of market-based instruments such as tradable permits for the management of a renewable aquifer used for irrigated agriculture. In our 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 and the associated set of viable quota policies. We then illustrate the theoretical results of the paper with numerical simulations based on the Western La Mancha aquifer.

Keywords

Groundwater Agriculture Irrigation Food security Individual permits Sustainability Dynamic model Viability kernel 

JEL Classification

Q15 Q25 C61 

Notes

Acknowledgements

This study has been carried out with financial support from the French National Research Agency (ANR) in the frame of the Investments for the future Program, within the Cluster of Excellence COTE (ANR-10-LABX-45). We thank the two referees and the co-editor for their suggestions, always stimulating.

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Copyright information

© Springer Science+Business Media Dordrecht 2017

Authors and Affiliations

  1. 1.GREThA UMR-CNRS 5113Université de BordeauxPessac CedexFrance
  2. 2.UMR 5113 GREThACNRSPessac CedexFrance
  3. 3.UMR 210 Economie PubliqueINRAParis CedexFrance

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