Climate change can significantly affect the water resources availability by resulting changes in hydrological cycle. Hydrologic models are usually used to predict the impacts of landuse and climate changes and to evaluate the management strategies. In this study, impacts of climate change on...

This paper introduces wage bargaining in the framework of Milgrom and Roberts where the workers' reservation wage is the relevant information parameter critical for entry. The authors show that entry threat signicantly distorts the wage, which in turn adversely aects the rm's ability to signal...