Exploration of an exhaustible resource with cost recovery under asymmetric information about cost is modeled and analyzed employing Principal-Agent theory. Allocation of lower than full information level of effort for the high-cost firms is found socially optimal. However, distortion is less in...

This research uses laboratory experiments to test alternative water market institutions designed to protect third-party interests. The institutions tested include taxing mechanisms that raise revenue to compensate affected third-parties, and a free market in which third-parties actively...

This paper focuses on empirically assessing determinants of river basin management decentralization, which is poorly understood while growing in popularity world wide. Measuring decentralization as a shift of decision making responsibility to water users or governments at the river basin level...

Exploration of an exhaustible resource with cost recovery under asymmetric information about cost is modeled and analyzed employing Principal-Agent theory. Allocation of lower than full information level of effort for the high-cost firms is found socially optimal. However, distortion is less in...

This article describes the influence of input quality and scarcity, environmental conditions, human capital, water price, and other variables on adoption rates for modern irrigation technologies in terms of both speed and extent of application. An empirical model is developed to apply these...

Groundwater resources (GW) account for nearly 30 percent of the world sustainable water supplies. Yet, this resource, which is fraught with externalities, has largely been left unregulated. The economic literature on GW is predominantly of a partial equilibrium type, taking the rest of the...

This article describes the influence of input quality and scarcity, environmental conditions, human capital, water price, and other variables on adoption rates for modern irrigation technologies in terms of both speed and extent of application. An empirical model is developed to apply these...

Irrigation with saline waters is a major problem in many parts of the world. Economic questions have usually been addressed using synthesized production functions and theoretically based soil salinity relations. The purpose of this paper is to estimate functions relating crop yield and salt...

Water policy is prone to error because of the complexity of irrigated agriculture. Agriculture is spatially dependent, it exists in the context of a nation's economy with which it must compete for resources, and water markets seldom exist. The process of collective action, as Douglas North has...

The 6th MEETING ON GAME THEORY AND PRACTICE Zaragoza, Spain 10-12 July 2006