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The theory of international environmental agreements overwhelmingly assumes that governments engage as unitary agents. Each government makes choices based on benefits and costs that are simple national aggregates, and similarly on a single set of national-level motivations, together drawing a...
Persistent link: https://www.econbiz.de/10010904936
This paper considers two types of farmer, with unequal land endowments, who voluntarily contribute to a joint project for the maintenance of an irrigation network. The collective output (water) is distributed according to some allocation rule and used by each farmer in combination with land to...
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Recent research in the field of network economics has shown how explicitly modelling the network structure of social and economic relations can provide significant theoretical insights, as well as account for previously unexplained empirical evidence. Despite their critical importance to many...
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We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination of initial water rights, sectors' claims to water,...
Persistent link: https://www.econbiz.de/10014199260