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For group decision about shared goods, the nature of the shared good and how its cost is to be shared among group members must be determined. Complexity arises from heterogeneity in preferences and endowments and nonlinear cost. To facilitate group decision, this paper proposes special type of...
Persistent link: https://www.econbiz.de/10014164009
A previously presented charge scheme for public investments is derived here from a set of axioms. It is argued that these axioms embody a definition of equity in allocating the costs of a public facility and could serve as a constitution which would be agreed on by users of a public facility....
Persistent link: https://www.econbiz.de/10010686392
Groundwater is a form of natural capital that is valued for the goods it provides, including ecosystem health, water quality, and water consumption. Degradation of groundwater could be alleviated through social investment such as for water reuse and desalination to reduce the need for...
Persistent link: https://www.econbiz.de/10011030185
This paper describes a new method of utility pricing – Variable Unit Pricing (VUP) – that results in both economic efficiency and cost recovery for a variety of supply situations faced by water utilities. The main advantage of VUP – compared to Increasing Block Rates – is that its parameters...
Persistent link: https://www.econbiz.de/10014587503
"This paper reports the design and testing of a coordination process for finding a group agreement simultaneously about cost sharing and the nature of a shared good. The process was designed to search for a cost sharing equilibrium, a particular type of Pareto optimum. The cost share equilibrium...
Persistent link: https://www.econbiz.de/10009468385
"We propose a regional cooperative water management system that combines aspects of a nonprofit regional utility and a representative governing body. The conceptual basis is temporal economic efficiency. To help the utility make acceptable management decisions, a representative body of water...
Persistent link: https://www.econbiz.de/10009468386
"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study individual or group behavior in such contexts may also want to...
Persistent link: https://www.econbiz.de/10009468391