Water Allocation Model in the Lancing-Mekong River Basin Based on Bankruptcy Theory and Bargaining Game

The Mekong River is the dominant geo-hydrological structure in mainland Southeast Asia, originating in China and flowing through or bordering Myanmar, Laos, Thailand, Cambodia and Vietnam. With increasing economic development and raising water demand the possibility of water conflict could increase in transboundary river basins. This is the case in the Lancing-Mekong River Basin in recent years, especially during the dry season. More and more scholars are paying attention to build stable, equitable, and environmentally sustainable water allocation method that supports the socio-economic development in transboundary river basins. In this research the authors use the bankruptcy and game theory to construct a new cooperation bankruptcy bargaining game model to allocate water resources. The results of this study could provide ways which could help water allocation and avoid water conflicts in transboundary river basins.