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Millions of people in the geopolitically important region of Central Asia depend on water from snow- and glacier-melt driven international rivers, most of all the Syr Darya and Amu Darya. The riparian countries of these rivers have experienced recurring water allocation conflicts ever since the...
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We study a class of finite-horizon differential games with control-state separable objective functionals and state equations. In this context, we introduce simple mechanisms that give a dynamic payoff to agents that only depends on the current value of the state variable. Thus, in many...
Persistent link: https://www.econbiz.de/10014209955