The Price of Water under the Lesotho Highlands Water Project

C R Barrett and M P Senaoana

Bulletin of Economic Research, 1998, vol. 50, issue 2, 93-104

Abstract: The paper's main objective is to examine, in the light of contract theory, the agreement between Lesotho and South Africa on the transfer of water under the Lesotho Highlands Water Project. A secondary objective is to analyze the shareout involved, using the Nash bargaining solution. Copyright 1998 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 1998
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