Showing 1 - 10 of 37
Persistent link: https://www.econbiz.de/10003609513
equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … probabilities exhibits systematic deviations from theory. This suggests that subjects do not fully grasp the subtle effects …
Persistent link: https://www.econbiz.de/10010532580
Many water allocation agreements in transboundary river basins are inherently unstable. Due to stochastic river flow, agreements may be broken in case of drought. The objective of this paper is to analyze whether water allocation agreements can be self-enforcing, or sustainable. We do so using...
Persistent link: https://www.econbiz.de/10010224772
game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model …
Persistent link: https://www.econbiz.de/10010412473
Persistent link: https://www.econbiz.de/10003300917
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...
Persistent link: https://www.econbiz.de/10011372980
There has been a long debate on equilibrium characterization in the negotiation model when players have different time preferences. We show that players behave quite differently under different time preferences than under common time preferences. Conventional analysis in this literature relies...
Persistent link: https://www.econbiz.de/10011348702
Dams are essential for water storage and hydropower generation, but change river flow patterns and endanger local environments. Dam projects may further exacerbate already existing problems in trans-boundary rivers. We consider three scenarios of institutional factors: (1) each country pursues...
Persistent link: https://www.econbiz.de/10011556226
Persistent link: https://www.econbiz.de/10003973318
Persistent link: https://www.econbiz.de/10010191203