Examinations of international water treaties suggest that riparian states are not heeding the advice for Integrated Water Resource Management (IWRM). Theories suggest that the larger the number of negotiating states, the lower the cost of the joint operation of treaties, but the transaction cost of negotiating and maintaining large-N treaties increases. We model the trade-off between benefits and costs associated with the number of treaty signatories and apply it to a global International-water treaty dataset. Findings confirm that the transaction cost of negotiation and the economies of scale of benefits are important in determining the paucity of basin-wide agreements, the treaty contents, and its extent.
Ariel Dinar is a Distinguished Professor of Environmental Economics and Policy at the School of Public Policy, University of California, Riverside (UCR). His work addresses various aspects of economic and strategic behavior associated with management of natural resources and the environment. Dr Dinar received his PhD from the Hebrew University of Jerusalem. Since then he spent 15 years in the World Bank working on water and climate change economics and policy. In 2008, Dr Dinar assumed a professorship at UCR. Dr Dinar founded the Water Science and Policy Center, which he directed until 2014. Dr Dinar is an International Fellow of the Center for Agricultural Economic Research of the Hebrew University of Jerusalem, Israel since November 2010; a Fulbright Senior Specialist since 2003; and was named a 2015 Fellow of the Agricultural and Applied Economics Association. He authored and co-authored nearly 220 publications in peer reviewed journals, policy outlets and book chapters. He co-authored and edited 29 books and textbooks. He founded two technical journals (Strategic Behavior and the Environment, and Water Economics and Policy) for the latter one he serves at present as an Editor-in-Chief. He founded and serves as the Editor-in-Chief of the book series Global Issues in Water Policy.
Co-sponsored by the Darden School