This study evaluates three alternative locations for building a fresh water dam in the Yesilirmak Valley of North Cyprus. Each of the three sites has different investment costs, water storage capabilities and socio-political repercussions. These kinds of tradeoffs have in recent years...

Perfect integration eludes the real world, so we suggest a realistic benchmark standard for judging the extent of market integration in various economies. We estimate the degree of integration in the US product market, widely acknowledged to be the most integrated among geographically large...