In order to analyse the consequences of uncertainty for prices and efficiency in a hydropower system, we apply a two …-period model with uncertainty in water inflow. We study three different market structures, perfect competition, monopoly and … uncertainty element creates possibilities of exercising market power depending on the distribution of uncertainty among producers …

uncertainty (production- and output price risk). The focus is on the long-term effects of risk averse preferences. The land … uncertainty, and the same outcome is likely under production uncertainty. If higher levels of outputs is associated with lower … levels of soil degradation, risk averse preferences will induce a farmer to conserve less soil under output price uncertainty …

This paper studies the implications of climatic uncertainty and poverty for resource degradation. In doing so, two …