van den Brink, René; van der Laan, Gerard; Moes, Nigel - In: Journal of Environmental Economics and Management 63 (2012) 3, pp. 388-403
We consider the problem of sharing water among agents located along a river. Each agent's benefit depends on the amount of water consumed. An allocation of water is efficient when it maximizes total benefits. To sustain an efficient water allocation the agents can compensate each other by...