Title
Equity efficiency optimizing resource allocation : the role of time preferences in a repeated irrigation game
Author
Faculty/Department
Institute of Development Policy and Management
Publication type
article
Publication
Oxford ,
Subject
Sociology
Source (journal)
Oxford bulletin of economics and statistics. - Oxford
Volume/pages
77(2015) :2 , p. 234-253
ISSN
0305-9049
ISI
000350660400005
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Abstract
We study repeated water allocation decisions among small scale irrigation users in Tanzania. In a treatment replicating water scarcity conditions, convexities in production make that substantial efficiency gains can be obtained by deviating from equal sharing, leading to an equityefficiency trade-off. In a repeated game setting, it becomes possible to reconcile efficiency with equity by rotating the person who receives the largest share, but such a strategy requires a longer run perspective. Correlating experimental data from an irrigation game with individual time preference data, we find that less patient irrigators are less likely to use a rotation strategy.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/f5f025/128439.pdf
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