Managers of public water companies present themselves and are seen as public servants maximizing public welfare. Because water is rarely allocated through market mechanisms, this maximization requires that managers cooperate in a bureaucratic version of a social dilemma. Members of the...

Freshwater is becoming increasingly scarce across the globe, leading to conflict over property rights for existing freshwater resources. One realization of such conflict is found in the allocation among states of interstate rivers in the United States. While interstate water markets seem like...

The purpose of this paper is to model the influence of Kantian moral scruples in a dynamic environment. Our objectives are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the exploitation of a common property renewable resource is...