@article{Smith:176293,
      recid = {176293},
      author = {Smith, Rodney B.W. and Roumasset, James},
      title = {Constrained conjunctive-use for endogenously separable  water markets: managing the Waihole-Waikane aqueduct},
      journal = {Agricultural Economics: The Journal of the International  Association of Agricultural Economists},
      address = {2000-12},
      number = {968-2016-75334},
      pages = {12},
      year = {2000},
      abstract = {An internal solution to an optimal control problem  involving conjunctive-use of surface and groundwater may be  inapplicable
if water is not sufficiently fungible across  space and time. We provide a more general solution and  apply it to the problem of
allocating a limited amount of  water from the Ko'olau mountains to two Oahu water  districts separated by those mountains.
The solution  involves initially allocating all of the mountain water to  the district supplied by groundwater but  eventually
allocating all of the water to the district  supplied by surface water. The conditions for an internal  solution hold only in the
intervening years when some  mountain water is allocated to each district. © 2000  Elsevier Science B.V. All rights reserved.},
      url = {http://ageconsearch.umn.edu/record/176293},
      doi = {https://doi.org/10.22004/ag.econ.176293},
}