Designing a feasible and stable water sharing mechanism for transboundary river basins is a big challenge. The stochastic and uncertain characteristics of water flow in these rivers is among the main reasons which make the formation of cooperative coalitions with feasible water allocations and self-enforceable allocation agreements difficult. When the water in these river basins is scarce the task becomes even more challenging. This article focuses on the application of stochastic game theoretic extension of the bankruptcy concept to transboundary water resource sharing under water scarce and uncertain conditions. Among the water allocation vectors obtained from stochastic bankruptcy rules only the ones from the stochastic constrained equal awards rule were self-enforcing under uncertainty. Furthermore, the authors also proposed an allocation rule that can be used under a stochastic setting. The proposed rule provides water allocations that are self-enforcing in the absence of uncertainty. Generally, the application of the stochastic bankruptcy approach could be a source of important strategic information which can serve for the sustainable sharing and management of these vital sources of fresh water, particularly during water scarcity.
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December 28 2016
Transboundary water allocation under water scarce and uncertain conditions: a stochastic bankruptcy approach Available to Purchase
Dagmawi Mulugeta Degefu;
Dagmawi Mulugeta Degefu
aCollege of Hydraulic and Environmental Engineering, China Three Gorges University, Yichang, China
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Weijun He;
Weijun He
*
aCollege of Hydraulic and Environmental Engineering, China Three Gorges University, Yichang, China
bCollege of Economics and Management, China Three Gorges University, Yichang, China
*Corresponding author. E-mail: [email protected]
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Jian Hua Zhao
Jian Hua Zhao
bCollege of Economics and Management, China Three Gorges University, Yichang, China
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Water Policy (2017) 19 (3): 479–495.
Article history
Received:
February 23 2016
Accepted:
October 22 2016
Citation
Dagmawi Mulugeta Degefu, Weijun He, Jian Hua Zhao; Transboundary water allocation under water scarce and uncertain conditions: a stochastic bankruptcy approach. Water Policy 1 June 2017; 19 (3): 479–495. doi: https://doi.org/10.2166/wp.2016.031
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