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- W3121551631 abstract "This contribution addresses the fundamental critique in Dinar et al. [1992, Theory and Decision32] on the use of game theory in river basin management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the bilateral alternating-offers model, a single optimization program significantly reduces the computational burden. Furthermore, water prices and property rights result from exploiting the Second Welfare Theorem. Both issues are discussed and applied to a bilateral version of the theoretical river basin model in Ambec and Sprumont [2002, Journal of Economic Theory107]. Directions for future research are provided." @default.
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- W3121551631 date "2008-09-01" @default.
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- W3121551631 title "COMPUTING ALTERNATING OFFERS AND WATER PRICES IN BILATERAL RIVER BASIN MANAGEMENT" @default.
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- W3121551631 doi "https://doi.org/10.1142/s0219198908001935" @default.
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