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Standard economic models of groundwater management impose restrictive assumptions regarding perfect transmissivity (i.e., the aquifer behaves as a bathtub), no external effects of groundwater stocks, observability of individual extraction rates, and/or homogenous agents. In this article, we...
Persistent link: https://www.econbiz.de/10009002701
Standard economic models of groundwater management assume perfect transmissivity (i.e., the aquifer behaves as a bathtub), no external effects of groundwater stocks, and/or homogenous agents. In this article, we develop a model relaxing these assumptions. Although our model generalizes to an...
Persistent link: https://www.econbiz.de/10008587668
Persistent link: https://www.econbiz.de/10010862865
We engage in a critical assessment of the neo-malthusian claim that climatic changes can be an important source of international tensions, in the extreme even militarized interstate disputes. The most likely scenario is conflict over water allocation in international catchments shared by poorer,...
Persistent link: https://www.econbiz.de/10009654062
Persistent link: https://www.econbiz.de/10010558384
This paper develops methods for evaluating distributional impacts of alternative environmental policies across demographic groups. The income inequality literature provides a natural methodological toolbox for comparing distributions of environmental outcomes. We show that the most commonly used...
Persistent link: https://www.econbiz.de/10010900519
This paper analyzes the problem faced by a border protection agency if endogenous exporter abatement activities affect invasive species risk, allowing for unobservable differences in abatement cost. We show how the optimal inspection/penalty regime differs from the symmetric information case....
Persistent link: https://www.econbiz.de/10010862748
A key obstacle to practical application of mechanism design theory to regulation is the difficulty of obtaining consistent beliefs regarding information that theoretical models assume to be commonly held. This article presents a solution to this problem by developing an easily implemented...
Persistent link: https://www.econbiz.de/10005023030
Recent outbreaks of Rift Valley Fever in sheep have led to boycotts of African livestock by Middle Eastern importers. To normalize trade, attempts have been made to apply new livestock forecasting and monitoring technologies. In this process, producers have exhibited a resistance in revealing...
Persistent link: https://www.econbiz.de/10005803371
Mechanism design models typically conclude by characterizing an optimal allocation schedule based on the principal's beliefs regarding agent value functions and the distribution of agent types. This article addresses the question of how a principal can develop these beliefs given a standard...
Persistent link: https://www.econbiz.de/10005804946