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Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010604419
This report attempts to provide a comprehensive analysis of the state of water resource development and management in India, based on secondary information. It maps the current challenges and suggests feasible alternatives amidst increasing water scarcity and disenfranchisement of resource bases...
Persistent link: https://www.econbiz.de/10010945366
All too often blinded by the dazzle of development people and planners do not see the trail of destruction that accompanies new initiatives. It need not be that way. As the case of Adani Ports and SEZ in Mundra, Gujarat shows it is possible for a vigilant environmental movement backing popular...
Persistent link: https://www.econbiz.de/10010945545
The environmental Kuznets curve (EKC) hypothesis is revisited using 1987-1995 data for Chinese provinces.
Persistent link: https://www.econbiz.de/10005341719
For the nations of Latin America and the Caribbean to respond effectively to the Climate Change challenge, they need to be able to understand what the impacts of Climate Change may be for each country and the extent of each country's contribution to the problem before they can define and...
Persistent link: https://www.econbiz.de/10009216170
nitrogen pollution to our ecosphere. The atmosphere is polluted by N2O and NOx gases that directly and indirectly increase …
Persistent link: https://www.econbiz.de/10009323687
Using the most comprehensive data file ever compiled on air pollution, water pollution, environmental regulations, and … air pollution regulations were effective at reducing ambient concentrations of particulate matter, sulfur dioxide, and … nitrogen dioxide. The most successful air pollution regulation is associated with a modest and statistically insignificant …
Persistent link: https://www.econbiz.de/10009323739
Effective urban policy making and implementation in Pakistan is impeded by the problem of integrating data containing incompatible spatial references. There is great heterogeneity across spatial units being used by different urban government departments for data collection and reporting in...
Persistent link: https://www.econbiz.de/10010550442
The prevailing attitude is that ‘development’ is important, and that if people have to be pushed around for this, so be it. This a response to the views expressed by E Sreedharan on the Yamuna, ‘Restrict Yamuna with walls and develop low-lying areas: Metro chief’ (Times...
Persistent link: https://www.econbiz.de/10009250487
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010603856