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The economic effects of conjunctive management of ground and surface water supplies for irrigation are formulated as an optimal control model. An empirical hydroeconomic model is estimated for the Yolo County district in California. Two alternative solution methodologies (analytic Riccatti and mathematical programing) are applied and compared. Results show the economic potential for interbasin transfers and the impact of increased electricity prices on optimal groundwater management.
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Noel et al. (1982) studied this question.
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