The problem that we address in this paper stems from the trend to delegation in the water management field. The problem that we address refers to the municipality's negotiating disadvantage in the face of some cartelized water management. We discuss the specific characteristics of the delegation...

This paper uses standard methods in stochastic calculus to measure the cost of the agency conflict that pits elected officials of French municipalities against the communities they represent in the management of the water supply. Under the French legal code, the municipalities are responsible...