Water management steers a middle course between control and chaos. The concept of control in water management is the topic of this paper. Conditions for control in water management are: aconsistent policy, gaining support and an adequate informationsupply. It is demonstrated that the balance...

In intertemporal asset pricing models, transaction costs are usually neglected. In this paper we explicitly incorporate transaction costs in these models and analyze to what extent this extension is helpful in explaining the cross-section of expected returns. An empirical analysis using CRSP...