Engineering
4 years ago

Negotiation and Game Theory Join Forces for Fair Water Allocation

TO NEGOTIATE OR TO GAME THEORIZE: Negotiation vs. Game Theory Outcomes for Water Allocation Problems in the Kat Basin, South Africa
Ariel Dinar, Stefano Farolfi, Fioravante Patrone, Kate Rowntree

Paper Summary

Water allocation problems in the Kat Basin, South Africa are being tackled using negotiation and game theory. By applying a negotiation procedure and cooperative game theory, researchers found that both approaches lead to similar outcomes for fairness and efficiency among players. This suggests that negotiation and game theory can work together to solve common property resource disputes.

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