IDEAS home Printed from https://ideas.repec.org/a/bla/coecpo/v8y1990i4p106-117.html
   My bibliography  Save this article

COSTS OF CALIFORNIA's CORRELATIVE RIGHTS DOCTRINE AS A SOLUTION TO GROUNDWATER OVERDRAFT

Author

Listed:
  • NATHAN ERIC HAMPTON

Abstract

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.

Suggested Citation

  • Nathan Eric Hampton, 1990. "COSTS OF CALIFORNIA's CORRELATIVE RIGHTS DOCTRINE AS A SOLUTION TO GROUNDWATER OVERDRAFT," Contemporary Economic Policy, Western Economic Association International, vol. 8(4), pages 106-117, October.
    • Handle: RePEc:bla:coecpo:v:8:y:1990:i:4:p:106-117
    DOI: 10.1111/j.1465-7287.1990.tb00305.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-7287.1990.tb00305.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1465-7287.1990.tb00305.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Burt, O.R. & Cummings, R.G. & McFarland, J.W., 1977. "Defining Upper Limits to Groundwater Development in the Arid West," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283690, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Maurice M. Kelso, 1961. "The Stock Resource Value of Water," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 43(5), pages 1112-1129.
    3. Oscar R. Burt, 1964. "Optimal Resource Use Over Time with an Application to Ground Water," Management Science, INFORMS, vol. 11(1), pages 80-93, September.
    4. O. R. Burt & R. G. Cummings & J. W. McFarland, 1977. "Defining Upper Limits to Groundwater Development in the Arid West," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(5), pages 943-947.
    5. Eli Feinerman & Keith C. Knapp, 1983. "Benefits from Groundwater Management: Magnitude, Sensitivity, and Distribution," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 703-710.
    6. Cheung, Steven N S, 1970. "The Structure of a Contract and the Theory of a Non-exclusive Resource," Journal of Law and Economics, University of Chicago Press, vol. 13(1), pages 49-70, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Phoebe Koundouri, 2004. "Current Issues in the Economics of Groundwater Resource Management," Journal of Economic Surveys, Wiley Blackwell, vol. 18(5), pages 703-740, December.
    2. Phoebe Koundouri, 2003. "Potential for groundwater management: Gisser-Sanchez effect reconsidered," DEOS Working Papers 0307, Athens University of Economics and Business.
    3. Pfeiffer, Lisa & Lin, C.-Y. Cynthia, 2012. "Groundwater pumping and spatial externalities in agriculture," Journal of Environmental Economics and Management, Elsevier, vol. 64(1), pages 16-30.
    4. Lee, Kun C. & Short, Cameron & Heady, Earl O., 1981. "Optimal Groundwater Mining In The Ogallala Aquifer: Estimation Of Economic Losses And Excessive Depletion Due To Commonality," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279261, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Teague, Paul W. & Ziemer, Rod F. & Musser, Wesley N., 1982. "Agricultural Input Use And Irrigation In Texas," 1982 Annual Meeting, August 1-4, Logan, Utah 279224, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Maji, Chandi Charan, 1975. "Intertemporal allocation of irrigation water in the Mayurakshi Project (India): an application of deterministic and chance-constrained linear programming," ISU General Staff Papers 197501010800006381, Iowa State University, Department of Economics.
    7. Nelson Ndakolute Ndahangwapo & Djiby Racine Thiam & Ariel Dinar, 2024. "Land Subsidence Impacts and Optimal Groundwater Management in South Africa," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(5), pages 1097-1126, May.
    8. Tsur, Yacov & Zemel, Amos, 2002. "Endangered Aquifers: Groundwater Management Under Threats Of Catastrophic Events," Discussion Papers 14993, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    9. Edna Tusak Loehman, 2014. "Social Investment for Sustainability of Groundwater: A Revealed Preference Approach," Sustainability, MDPI, vol. 6(9), pages 1-41, August.
    10. Gao, Yang & Williams, Ryan Blake & Mitchell, Donna M., 2016. "Cap and trade markets for groundwater: Efficiency and distributional effects of the permit allocation mechanism," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 230015, Southern Agricultural Economics Association.
    11. Iglesias, Eva, 2002. "La gestion de las aguas subterraneas en el acuifero Mancha Occidental," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 2(01), pages 1-20.
    12. Young, Kenneth B. & Coomer, Jerry M., 1979. "Projected Use Of Groundwater For Irrigation In The Texas High Plains," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-10, July.
    13. Bertone Oehninger, Ernst & Lin Lawell, C.-Y. Cynthia, 2021. "Property rights and groundwater management in the High Plains Aquifer," Resource and Energy Economics, Elsevier, vol. 63(C).
    14. Kotchen, Matthew J. & Salant, Stephen W., 2011. "A free lunch in the commons," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 245-253, May.
    15. Baarda, James R., 2003. "Current Law & Economics Debates: Tools for Assessing Fundamental Cooperative Changes?," 2003 Annual Meeting, October 29 31802, NCERA-194 Research on Cooperatives.
    16. Ralph E. Townsend, 2010. "Transactions costs as an obstacle to fisheries self-governance in New Zealand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 301-320, July.
    17. Abhilas Pradhan & Rabinarayan Patra, 2013. "Heterogeneity, collective action and management sustainability in common property forest resources: case study from the Indian state Odisha," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 15(4), pages 979-997, August.
    18. Kim, Jongwook & Mahoney, Joseph T., 2008. "A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach," Working Papers 08-0108, University of Illinois at Urbana-Champaign, College of Business.
    19. Tamara Todorova, 2006. "Rental Rate and the Dynamics of Capital," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 58-68.
    20. Campbell, Bruce M. & Gordon, Iain J. & Luckert, Martin K. & Petheram, Lisa & Vetter, Susanne, 2006. "In search of optimal stocking regimes in semi-arid grazing lands: One size does not fit all," Ecological Economics, Elsevier, vol. 60(1), pages 75-85, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:coecpo:v:8:y:1990:i:4:p:106-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.