as mitigate the adverse economic effects of droughts. This paper looks at the risks and uncertainty dimensions of water …, the role that uncertainty plays in market participants' decisions and its impact on gains from trade. Two models have been … endogeneity is solved by an iterative process, which characterise price uncertainty from the results obtained from the spatial …

individuals’ perceptions of and willingness to pay (WTP) for the implementation of a RDP in Cantabria, Spain. Uncertainty in … is made between the open-ended (OE) and the multiple bounded uncertainty (MBU) elicitation formats. According to our …

Fisher's theory is only partially relevant in explaining agent behavior under conditions of risk and uncertainty. Partiality … under conditions of risk and uncertainty. …

The paper presents a theory of policy timing that relies on uncertainty and transaction costs to explain the optimal … timing and length of policy reforms. Delaying reforms resolves some uncertainty by gaining valuable information and saves …

irreversibility and stochasticity in SFP. The results show the relevance of uncertainty in determining the timing of adoption and …

The biological nature of agricultural production processes induce a higher degree of uncertainty surrounding the …

uncertainty and irreversibility is a significant factor in the land development decisions, (ii) farmers’ behaviour is consistent … uncertainty is properly accounted for. …

uncertainty in SFP, the selling price of energy and agricultural product prices parameters on the adoption of methane digester for … stochasticity in relevant parameters. The results show the relevance of uncertainty in determining the timing of adoption and …

-environmental schemes under asymmetric information and uncertainty. However, none has examined the case where the level of compliance is a … continuous variable and producers face simultaneous monitoring, output price and production uncertainty. Treating conservation …