Abstract：
:/ Collaboration of countries with an aim to share fresh surface water resources promises to generate potential joint benefits. Unfortunately, existing agreements lack the perspective and capacity to produce any real action in efficient cross-border water allocation. When that problem is encountered by any two adjacent countries claiming riparian rights to the same watercourse, this paper suggests that apossible solution to be examined is a water market. This market requires the relevant countries to engage in a bargaining process as described in the theory of bilateral monopoly. The bargaining process should determine both the water quantity to be transferred and the price to be paid. However, there has to be a fair allocation of the joint benefits resulting from the transfer for a sustainable price solution. As an empirical illustration, the paper examines the case of river Nestos shared by Bulgaria and Greece in the southern Balkans. A net revenue function quadratic in water is specified and estimated using scarce data on three agricultural crops in Greece. Sensitivity analysis on the size and distribution of the net benefits is also performed.KEY WORDS: Bilateral agreements; Water markets; Efficient allocation
journal_name
Environ Managejournal_title
Environmental managementauthors
Lekakis JNdoi
10.1007/s002679900079subject
Has Abstractpub_date
1998-01-01 00:00:00pages
1-8issue
1eissn
0364-152Xissn
1432-1009pii
1855journal_volume
22pub_type
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更新日期：2008-01-01 00:00:00
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更新日期：2004-08-01 00:00:00
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