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The Price of Water Under the Lesotho Highlands Water Project[Note 1. We are grateful for the helpful comments of an ...]
Author(s) -
Barrett C. R.,
Senaoana M. P.
Publication year - 1998
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00055
Subject(s) - water transfer , economics , bargaining problem , water resource management , natural resource economics , microeconomics , environmental science
The paper's main objective is to examine, in the light of contract theory, the agreement between Lesotho and South Africa on the transfer of water under the Lesotho Highlands Water Project. A secondary objective is to analyse the shareout involved, using the Nash bargaining solution.