Game Theory and its Application on Optimal Allocation of Water Resources
Water as a vital element has been a rout of political, national and international challenges for years due to its unequal supply and geographical distribution. A practical approach for optimal allocation of water resources in game theory through explanation and interpretation of current situation in...
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| Format: | Article |
| Language: | fas |
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Center for Development Research and Foresight
2020-11-01
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| Series: | پژوهشهای برنامه و توسعه |
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| Online Access: | https://www.journaldfrc.ir/article_109247_51e087d613d8f8d6b120d5f53207d1dd.pdf |
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| _version_ | 1849700417060995072 |
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| author | Ghahreman Abdoli Tiam Mohajershojaee |
| author_facet | Ghahreman Abdoli Tiam Mohajershojaee |
| author_sort | Ghahreman Abdoli |
| collection | DOAJ |
| description | Water as a vital element has been a rout of political, national and international challenges for years due to its unequal supply and geographical distribution. A practical approach for optimal allocation of water resources in game theory through explanation and interpretation of current situation in a cooperative game framework and building up an efficient solution could be helpful. Since in the cooperative game, players can be aware of other players’ decisions and strategies clearly, game will be performed based on the profit sharing between players’ coalition and controversially there will be a competitive decision-making situation due to various coalitions between players. In this study, Atrak river drainage basin has been investigated. A cooperative game between beneficiaries has been introduced, their strategies have been explained and finally “Shapley Value” has been evaluated for each player and efficient scenario is assessed. Based on optimal allocation of water resources scenario in north east provinces, environmental improvement and national income increase will be expected. JEL Classification: C71, D47, Q01, Q25, Q50, Q51, Q52 Key Words: Environmental Economics, Water Crisis, Efficient Allocation of Water Resources, Cooperative Game, Shapley Value |
| format | Article |
| id | doaj-art-6d110bd7ee0344a7a0e3349356a4f562 |
| institution | DOAJ |
| issn | 2645-7466 2717-0365 |
| language | fas |
| publishDate | 2020-11-01 |
| publisher | Center for Development Research and Foresight |
| record_format | Article |
| series | پژوهشهای برنامه و توسعه |
| spelling | doaj-art-6d110bd7ee0344a7a0e3349356a4f5622025-08-20T03:18:18ZfasCenter for Development Research and Foresightپژوهشهای برنامه و توسعه2645-74662717-03652020-11-011312316610.22034/pbr.2020.109247109247Game Theory and its Application on Optimal Allocation of Water ResourcesGhahreman Abdoli0Tiam Mohajershojaee1Faculty of Economics, University of TehranDepartment of Economics, International Campus of University of Tehran, Kish IslandWater as a vital element has been a rout of political, national and international challenges for years due to its unequal supply and geographical distribution. A practical approach for optimal allocation of water resources in game theory through explanation and interpretation of current situation in a cooperative game framework and building up an efficient solution could be helpful. Since in the cooperative game, players can be aware of other players’ decisions and strategies clearly, game will be performed based on the profit sharing between players’ coalition and controversially there will be a competitive decision-making situation due to various coalitions between players. In this study, Atrak river drainage basin has been investigated. A cooperative game between beneficiaries has been introduced, their strategies have been explained and finally “Shapley Value” has been evaluated for each player and efficient scenario is assessed. Based on optimal allocation of water resources scenario in north east provinces, environmental improvement and national income increase will be expected. JEL Classification: C71, D47, Q01, Q25, Q50, Q51, Q52 Key Words: Environmental Economics, Water Crisis, Efficient Allocation of Water Resources, Cooperative Game, Shapley Valuehttps://www.journaldfrc.ir/article_109247_51e087d613d8f8d6b120d5f53207d1dd.pdfenvironmental economicswater crisisefficient allocation of water resourcescooperative gameshapley value |
| spellingShingle | Ghahreman Abdoli Tiam Mohajershojaee Game Theory and its Application on Optimal Allocation of Water Resources پژوهشهای برنامه و توسعه environmental economics water crisis efficient allocation of water resources cooperative game shapley value |
| title | Game Theory and its Application on Optimal Allocation of Water Resources |
| title_full | Game Theory and its Application on Optimal Allocation of Water Resources |
| title_fullStr | Game Theory and its Application on Optimal Allocation of Water Resources |
| title_full_unstemmed | Game Theory and its Application on Optimal Allocation of Water Resources |
| title_short | Game Theory and its Application on Optimal Allocation of Water Resources |
| title_sort | game theory and its application on optimal allocation of water resources |
| topic | environmental economics water crisis efficient allocation of water resources cooperative game shapley value |
| url | https://www.journaldfrc.ir/article_109247_51e087d613d8f8d6b120d5f53207d1dd.pdf |
| work_keys_str_mv | AT ghahremanabdoli gametheoryanditsapplicationonoptimalallocationofwaterresources AT tiammohajershojaee gametheoryanditsapplicationonoptimalallocationofwaterresources |