This paper considers the problem of a water management authority faced with the threat of a drought that hits at an …-state equilibrium stock size of water under policy iii) is smaller than under policy ii) and, hence, a precautionary stock size should …

combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how …This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability … accounting. I consider five different assumptions that can be imposed independently of each other, producing 32 different …

Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an … regularity or non-regularity of the program, and on the accounting values. This has important consequences for the computation of …

specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South …

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …