A Note on Multi-reservoir Systems with Independent Operators and No Central Coordinator∗
نویسندگان
چکیده
This paper considers a simple water resource system consisting of two independently operated reservoirs and no central coordinator. Even simple multi-reservoir systems exhibit special mathematical properties that affect policy decisions in such cases. When the operators make decisions sequentially and independently, the stable solution of such systems is not necessarily Pareto-optimal and may even be strongly dominated. Conditions to insure solution efficiency are provided.
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