Pareto‐Improving Water Management over Space and Time: The Honolulu Case
建模了地下水高效配置相对于现状财务成本回收政策的福利收益，设计跨期补偿方案使改革成为帕累托改进，并以檀香山为例，显示仅需赢家收益的7%即可补偿输家。
Abstract We model welfare gains from efficient allocation of groundwater over space and time relative to the status quo policy of financial cost recovery. In order to promote political feasibility, an intertemporal compensation plan is devised that renders the reform Pareto‐improving. Gainers from the reform finance the compensation in proportion to their benefits through a block‐pricing scheme. For the Honolulu case, only 7% of the $441 million in gains to winners is needed to compensate losers from the reform. Future winners from the reform also repay the deficit created by the compensation package, much as state and local governments finance capital improvements.