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SSRN Electronic Journal
Article . 2011 . Peer-reviewed
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EconStor
Research . 2011
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Independence Axioms for Water Allocation

Authors: Rene van den Brink; Arantza Estevez-Fernandez; Gerard van der Laan; Nigel Moes;

Independence Axioms for Water Allocation

Abstract

We consider the problem of sharing water among agents located along a river. Each agent has quasi-linear preferences over river water and money, where the benefit of consuming an amount of water is given by a continuous and concave benefit function. A solution to the problem efficiently distributes the river water over the agents and wastes no money. We introduce a number of (independence) axioms to characterize two new and two existing solutions. We apply the solutions to the particular case that every agent has constant marginal benefit of one up to a satiation point and marginal benefit of zero thereafter. In this case we find that two of the solutions (one existing and one new) can be implemented without monetary transfers between the agents.

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Keywords

externality, Water allocation, Water allocation; Harmon doctrine; concave benefit function; stability; externality; independence axiom; water claim, ddc:330, Water allocation, Harmon doctrine, concave benefit function, stability, externality, independence axiom, water claim, independence axiom, stability, Harmon doctrine, Q25, C71, D62, water claim, concave benefit function, jel: jel:C71, jel: jel:D62, jel: jel:Q25

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    popularity
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    influence
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
bronze