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

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  • 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
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Leigh Tesfatsion, 2011. "Agent-based Modeling and Institutional Design," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 37(1), pages 13-19.
    4. 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.
    5. Leigh Tesfatsion & Kenneth L. Judd (ed.), 2006. "Handbook of Computational Economics," Handbook of Computational Economics, Elsevier, edition 1, volume 2, number 2.
    6. 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.
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    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.
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    3. 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.
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