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Problem ; Sequential Sharing Rule ; Bankruptcy Problem ; Water Allocation …
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; Dynamics ; Competitive Allocation ; Strict Core ; Foresight ; Stable Set …
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(intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …
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competitiveness and sufficiently separates individuals who choose different effort levels, the market allocation is Pareto superior to … a social planner’s allocation. We construct a specific market game that naturally generates robust equilibria with these …
Persistent link: https://www.econbiz.de/10003894094
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 analyse whether water allocation agreements can be … self-enforcing. An agreement is modelled as the outcome of bargaining game on river water allocation. Given this agreement …
Persistent link: https://www.econbiz.de/10008823926
appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination …
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