An improper solution to the flood cost sharing problem

David Müller and Marcus Franz Konrad Pisch

Economics Letters, 2024, vol. 238, issue C

Abstract: A model for sharing the costs of flood damage has recently been proposed in this journal (Abraham and Ramachandran, 2020). The suggested model is correct from a mathematical point of view, but unfortunately lacks economic coherence.

Keywords: Cost sharing; River sharing problem; Shapley value; Utility theory (search for similar items in EconPapers)
JEL-codes: C71 D62 Q54 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176524001897
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:238:y:2024:i:c:s0165176524001897

DOI: 10.1016/j.econlet.2024.111706

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().