ABSTRACT

The economics of groundwater (e.g. Burt 1967; Brown and Deacon 1972; Krulce et al. 1997; Koundouri 2004; Pitafi and Roumasset 2009) is typically directed to finding the optimal extraction profile for a single aquifer. But in many cases, water managers have multiple aquifers to coordinate, and the single-aquifer conditions do not provide instruction on which aquifer to use first. As a default, managers may use rules of thumb such as using the nearest available aquifer, even when multiple aquifers are connected to the same distribution system.