mWater prototype review

This document reviews our current water policy-making decision-support framework, build on top of a regulated open Multi-Agent System (MAS),mWater [BGG+10, GGG+11], that models a flexible water-rights market. Our simulator focuses on the effect of regulations on demand and thus provides means to explore the interplay of norms and conventions that regulate trading (like trader eligibility conditions, tradeable features of rights, trading periods and price-fixing conventions), the assumptions about agent behaviour (individual preferences and risk attitude, or population profile mixtures) and market scenarios (water availability and use restrictions). A policy-maker would then assess the effects of those interactions by observing the evolution of the performance indicators (efficiency of use, price dynamics, welfare functions) (s)he designs. 1.2 Our