Publication
Title
Equity efficiency optimizing resource allocation : the role of time preferences in a repeated irrigation game
Author
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.
Language
English
Source (journal)
Oxford bulletin of economics and statistics. - Oxford
Publication
Oxford : 2015
ISSN
0305-9049
Volume/pages
77:2(2015), p. 234-253
ISI
000350660400005
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
External links
Web of Science
Record
Identification
Creation 30.10.2015
Last edited 15.06.2017