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Game Theory and Water Resources Critical Review of its Contributions, Progress and Remaining Challenges

Ariel Dinar and Margaret Hogarth

Foundations and Trends(R) in Microeconomics, 2015, vol. 11, issue 1-2, 1-139

Abstract: Game Theory (GT), both in its non-cooperative (NCGT) and cooperative (CGT) forms, has been pivotal in its contribution to the analysis of important aspects related to water resources. The 1942 seminal work of Ransmeier on The Tennessee Valley Authority is still considered essential; it continues to inspire many applications related to water allocation decisions. Since Ransmeier, GT models were developed and have been applied to various aspects of water management, such as decisions on cost and benefit allocation in multi-objective multi-use water projects, conflicts and joint management of irrigation projects, management of groundwater aquifers, hydropower facilities, urban water supplies, wastewater treatment plants, and transboundary water disputes.

Keywords: Non-cooperative game theory; Cooperative game theory; Water resources; Water management (search for similar items in EconPapers)
JEL-codes: C71 C72 O13 Q25 Q56 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (9)

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