Economics and the Future tackles the discounting issue from a number of angles, ranging from relatively short-term private financial decisions, to very long-term public issues spanning generations. The authors present differing perspectives and original ideas in a style that remains accessible...

The authors investigate the linkage between presidential operational codes and the management of foreign policy conflicts during the period of strategic adjustment in American foreign policy following the cold war. Beliefs expressed in public speeches by Presidents George Bush and Bill Clinton...

Cognitive mapping has been a valuable tool in understanding how individuals view their external environment. It has been used successfully to investigate crisis decision making, juror decision making, and international negotiation, and may find further use as a support tool in negotiation and...

Most of the world's water entitlement and allocation regimes evolved during periods of abundance and, hence, are not well suited to the management of water scarcity. Development of the institutional arrangements necessary to manage changing demands and supplies is in its infancy.

Individual transferable quota (ITQ) institutions should be designed to minimize two types of transaction costs. First, to minimize the costs of transferring ITQ rights among rights-holders and users, rights should be separated into three components: a permanent entitlement share, an annual catch...

When entitlements to access water in fully allocated river and aquifers are specified in a manner that is inconsistent with the ways that water arrives, flows across and flows through land, inefficient investment and water use is the result. Using Australia's Murray Darling Basin as an example,...