This paper investigates the usefulness of non-cooperative bargaining theory for the analysis of negotiations on water allocation and management. It explores the impacts of different economic incentives, of a stochastic environment and of varying individual preferences on players' strategies and...

The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is extremely hard, involving a multiplicity of questions and complex issues. The objective of this paper is to provide new insights on some dimensions of the bargaining process –...