This paper considers the problem of a water management authority faced with the threat of a drought that hits at an … drought and relying on automatic adjustments through a zero marginal social net benefit condition, iii) an economically … optimal dynamic policy taking account of the threat of a drought. In particular, we show that the optimal pre-drought steady …

on a panel of 153 countries over the period of 1960 to 2002 and employing a truly exogenous drought indicator derived …

analysis is based on extensive datasets comprising temperature and drought data for the last 40 years. We find evidence of a … wholesale electricity price and price volatility and develop a capacity-adjusted drought index. The results are used to assess …

drought-induced conflict. One key mechanism is that insured pastoralists travel less far away from their ancestral homelands …

The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I … construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate … that those more affected by the drought more often participated in peasant revolts against the feudal system. Then, I …

Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal …