Are stable agreements for sharing international river waters now possible?
Proposed here is a new scheme for allocating international river water that accounts for the stochastic nature of water supply and the dynamic nature of its demand. The suggested scheme is expected to improve the efficiency of river basins' water allocation and the riparians' welfare.International river and lake basins constitute about 47 percent of the world's continental land area, a proportion that increases to about 60 percent in Africa, Asia, and South America.