Title

Social Planner'S Solution For The Caspian Sea Conflict

Keywords

Caspian Sea; Conflict resolution; Decision-making; Multi-criteria; Social planner

Abstract

This paper evaluates the proposed alternatives for sharing the Caspian Sea from the social planner's or systems-level perspective with respect to the stakeholders' utilities from the oil and natural gas resources of the sea. Different multi-criteria decision-making methods, namely dominance, maximin, lexicography, simple additive weighting, and TOPSIS are applied to determine the social planner's ranking of these alternatives. Results suggest the Condominium governance regime as the most promising division method. Bankruptcy rules and cooperative game theory methods can be considered as the other socially optimal resolutions to the conflict over sharing the Caspian Sea energy resources among its five littoral countries. Consideration of these methods in negotiations may help with resolving the existing deadlock, which has been in place for two decades. © 2013 Springer Science+Business Media Dordrecht.

Publication Date

1-1-2014

Publication Title

Group Decision and Negotiation

Volume

23

Issue

3

Number of Pages

579-596

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1007/s10726-013-9345-7

Socpus ID

84874804140 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84874804140

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