Focuses on methodological advances within the field of water resource economics and shows how these advances can be applied to the economics of water issues. This book identifies five areas of particular importance - asymmetric information and game theory, uncertainty, space, water quality, and...

A high court has to decide whether a lawis constitutional, unconstitutional, or interpretable. The voting system is runoff. Runoff voting systems can be interpreted both, as social choice functions or as mechanisms. It is known that, for universal domains of preferences, runoff voting systems...