Emergence of social norms in the cap-and-trade policy: An agent-based groundwater market

Cap-and-trade policy is generally considered an effective instrument in groundwater markets since it can facilitate environmental protection and sustainable groundwater use. While this policy is implemented in several aquifers all over the world, there is a limited understanding of its social impacts, like how compliance and noncompliance behaviors may emerge. This study presents an agent-based groundwater model to evaluate the effects of...