Virtual water, understood as the volume of water needed to produce a good or service, in the context of trade among countries, allows assessing the relative dependency of different countries on imported virtual water. The assessment of virtual water flows in virtual water trade studies is...

This paper proposes a simple two-period model that captures the seasonal pattern of water inflows and electricity demand observed in many countries where hydropower is a major source of electricity supply. The model characterizes the effects of different inflows pattern on the optimal water...