英文文献:Measuring the Gains to Groundwater Management with Recursive Utility-用递归效用衡量地下水管理的收益
英文文献作者:Msangi, Siwa
英文文献摘要:
The current literature on non-cooperative and strategic groundwater extraction assumes user behavior that conforms to the highly stylized assumption of time-additive separability of the individual's objective criterion. This paper examines how the measured gains to management changes when this assumption is relaxed in favor of a recursive utility specification that takes path-dependency into account in modeling the behavior under both the non-cooperative and central management regimes. Application of this framework to the empirical case of Kern County, California shows that the difference in measured management gains is significantly larger than that which is measured under the assumption of time-additive separability. The paper also shows how the computational method of assessing the benefits over time must be modified in order to properly account for these management gains.
目前关于非合作性和战略性地下水开采的文献假设用户行为符合高度程式化的假设,即个体的客观标准具有时间可分性。本文研究了在非合作和集中管理制度下建模行为时,当这一假设得到放松而支持将路径依赖考虑在内的递归实用程序规范时,度量的管理收益如何变化。将该框架应用于加州Kern县的实证案例表明,在时间可分性假设下,可测管理收益的差异显著大于可测管理收益的差异。本文还表明,为了正确地考虑这些管理收益,必须修改评估长期收益的计算方法。