limited local resources, quasi-linear preferences over water and money and cost functions dependent upon river inflow and own … extraction. Unanimity bargaining determines the water allocation and monetary transfers. We translate International Water Law … rationing solution. In both cases the optimization problem is separable into two subproblems: the efficient water allocation …

consider the problem of sharing water among agents located along a river. Each agent has quasi-linear preferences over river … water and money, where the benefit of consuming an amount of water is given by a continuous and concave benefit function. A … solution to the problem efficiently distributes the river water over the agents and wastes no money. We introduce a number of …