There are varying and inconsistent claims among countries sharing the same river basins. While upstream countries are asserting that they regulate flows through built-up reservoirs (enabling flood prevention) and reduce seasonal flow variations (providing water during drought seasons),...

Economists have long considered possible divergences between private and social rates of time preferences. In this paper, we investigate factors hypothesized to affect this potential divergence. Results indicate that time preferences of individuals may be influenced by: 1. whether the resource...