Katic, Pamela; Grafton, R Quentin
This paper evaluates the trade-off between resilience and economic payoffs in terms of groundwater extraction where there is a risk of an irreversible and catastrophic event. A dynamic and spatial model is developed that incorporates a stochastic recharge process and the risk of an irreversible catastrophic event (such as saltwater intrusion) that arises when hydraulic heads fall below a given threshold. The results show that if the threshold is uncertain then controlling both the rate and...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.