IDEAS home Printed from https://ideas.repec.org/p/isu/genstf/201512160800001226.html
   My bibliography  Save this paper

WACCShed: A Platform for the Study of Watersheds as Dynamic Coupled Natural and Human Systems

Author

Listed:
  • Tesfatsion, Leigh
  • Jie, Yu
  • Rehmann, Chris R.
  • Gutowski, William J.

Abstract

This study describes the development of WACCShed, an agent-based software platform that permits the systematic study of interactions among hydrology, climate, and strategic human decision-making in a watershed over time. To illustrate the capabilities of the platform, findings are reported for a base-case application reflecting, in simplified form, the structural attributes of the Squaw Creek watershed in central Iowa. Attention is focused on the alignment of welfare outcomes as a prerequisite for effective watershed governance. Key treatment factors include farmer and city manager decision modes for land and budget allocations, farmer targeted savings, and the effectiveness of city levee investments for the mitigation of city flood damage. Welfare misalignment is found to arise across a broad spectrum of settings for these treatment factors.

Suggested Citation

  • Tesfatsion, Leigh & Jie, Yu & Rehmann, Chris R. & Gutowski, William J., 2015. "WACCShed: A Platform for the Study of Watersheds as Dynamic Coupled Natural and Human Systems," ISU General Staff Papers 201512160800001226, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:201512160800001226
    as

    Download full text from publisher

    File URL: https://dr.lib.iastate.edu/server/api/core/bitstreams/1fb4a82a-0675-442a-907f-7c00a631eea0/content
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Leigh Tesfatsion, 2011. "Agent-based Modeling and Institutional Design," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 37(1), pages 13-19.
    2. Fraser J. Morgan & Philip Brown & Adam J. Daigneault, 2015. "Simulation vs. Definition: Differing Approaches to Setting Probabilities for Agent Behaviour," Land, MDPI, vol. 4(4), pages 1-24, September.
    3. Tesfatsion, Leigh & Judd, Kenneth L., 2006. "Handbook of Computational Economics, Vol. 2: Agent-Based Computational Economics," Staff General Research Papers Archive 10368, Iowa State University, Department of Economics.
    4. Leigh Tesfatsion & Kenneth L. Judd (ed.), 2006. "Handbook of Computational Economics," Handbook of Computational Economics, Elsevier, edition 1, volume 2, number 2.
    5. Vladimir Nikolic & Slobodan Simonovic & Dragan Milicevic, 2013. "Analytical Support for Integrated Water Resources Management: A New Method for Addressing Spatial and Temporal Variability," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(2), pages 401-417, January.
    6. Axelrod, Robert & Tesfatsion, Leigh, 2006. "A Guide for Newcomers to Agent-Based Modeling in the Social Sciences," Staff General Research Papers Archive 12515, Iowa State University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Balint, T. & Lamperti, F. & Mandel, A. & Napoletano, M. & Roventini, A. & Sapio, A., 2017. "Complexity and the Economics of Climate Change: A Survey and a Look Forward," Ecological Economics, Elsevier, vol. 138(C), pages 252-265.
    2. Leigh Tesfatsion, 2017. "Elements of Dynamic Economic Modeling: Presentation and Analysis," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 43(2), pages 192-216, March.
    3. repec:hal:spmain:info:hdl:2441/1nlv566svi86iqtetenms15tc4 is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/5qr7f0k4sk8rbq4do5u6v70rm0 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Leigh Tesfatsion, 2017. "Elements of Dynamic Economic Modeling: Presentation and Analysis," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 43(2), pages 192-216, March.
    2. Westerhoff Frank H., 2008. "The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 228(2-3), pages 195-227, April.
    3. Giovanni Dosi & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2016. "The Effects of Labour Market Reforms upon Unemployment and Income Inequalities: an Agent Based Model," LEM Papers Series 2016/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. repec:hal:spmain:info:hdl:2441/3kbkotqp1b85pa2lu2puri38p6 is not listed on IDEAS
    5. Flaminio Squazzoni, 2010. "The impact of agent-based models in the social sciences after 15 years of incursions," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 18(2), pages 197-234.
    6. Tesfatsion, Leigh, 2017. "Modeling Economic Systems as Locally-Constructive Sequential Games," ISU General Staff Papers 201704300700001022, Iowa State University, Department of Economics.
    7. repec:hal:spmain:info:hdl:2441/5rtilga41c899ab0rctd3cp2r3 is not listed on IDEAS
    8. João Bernardino & Tanya Araújo, 2013. "On positional consumption and technological innovation: an agent-based model," Journal of Evolutionary Economics, Springer, vol. 23(5), pages 1047-1071, November.
    9. Giovanni Dosi & Marcelo Pereira & Andrea Roventini & Maria Enrica Virgillito, 2018. "The labour-augmented K+S model : a laboratory for the analysis of institutional and policy regimes," Working Papers hal-03443457, HAL.
    10. Leigh Tesfatsion, 2017. "Modeling economic systems as locally-constructive sequential games," Journal of Economic Methodology, Taylor & Francis Journals, vol. 24(4), pages 384-409, October.
    11. Tesfatsion, Leigh, 2017. "Modeling Economic Systems as Locally-Constructive Sequential Games," ISU General Staff Papers 201703280700001022, Iowa State University, Department of Economics.
    12. Junjie Sun & Leigh Tesfatsion, 2007. "Dynamic Testing of Wholesale Power Market Designs: An Open-Source Agent-Based Framework," Computational Economics, Springer;Society for Computational Economics, vol. 30(3), pages 291-327, October.
    13. Zhangqi Zhong & Lingyun He, 2022. "Macro-Regional Economic Structural Change Driven by Micro-founded Technological Innovation Diffusion: An Agent-Based Computational Economic Modeling Approach," Computational Economics, Springer;Society for Computational Economics, vol. 59(2), pages 471-525, February.
    14. Santiago Quintero Ramírez & Walter Lugo Ruiz Castañeda & Jorge Robledo Velásquez, 2017. "Representation of unlearning in the innovation systems: A proposal from agent-based modeling," Estudios Gerenciales, Universidad Icesi, vol. 33(145), pages 366-376, November.
    15. Marcelo De Carvalho Pereira, 2014. "When Competition May Hinder Technologydiffusion: The Case Of Internet Access Services In Brazil," Anais do XL Encontro Nacional de Economia [Proceedings of the 40th Brazilian Economics Meeting] 152, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    16. Baghestanian, Sascha & Walker, Todd B., 2015. "Anchoring in experimental asset markets," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 15-25.
    17. Tesfatsion, Leigh, 2017. "Modeling Economic Systems as Locally-Constructive Sequential Games," ISU General Staff Papers 201702180800001022, Iowa State University, Department of Economics.
    18. Jeffrey O’Neal London & Nasir Jamil Sheikh, 2020. "Innovation in African-American high-tech enterprises: a multi-agent approach," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3101-3121, June.
    19. Kaye-Blake, William & Schilling, Chris & Monaghan, Ross & Vibart, Ronaldo & Dennis, Samuel & Post, Elizabeth, 2019. "Quantification of environmental-economic trade-offs in nutrient management policies," Agricultural Systems, Elsevier, vol. 173(C), pages 458-468.
    20. Kyle Bahr & Masami Nakagawa, 2017. "The effect of bidirectional opinion diffusion on social license to operate," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(4), pages 1235-1245, August.
    21. McDonnell, Simon & Zellner, Moira, 2011. "Exploring the effectiveness of bus rapid transit a prototype agent-based model of commuting behavior," Transport Policy, Elsevier, vol. 18(6), pages 825-835, November.
    22. Naqvi, Asjad & Monasterolo, Irene, 2019. "Natural Disasters, Cascading Losses, and Economic Complexity: A Multi-layer Behavioral Network Approach," Ecological Economic Papers 24, WU Vienna University of Economics and Business.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isu:genstf:201512160800001226. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.