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This essay was written for an essay competition organised by Pakistan council for Research in Water Resources. It …
Persistent link: https://www.econbiz.de/10005103383
The scarcity of water resources in both arid and temperate countries alike is one of the most pervasive natural resource allocation problems facing water users and policy-makers. In arid countries this problem is faced each day in the myriad of conflicts that surround its use.Water scarcity is a...
Persistent link: https://www.econbiz.de/10011259671
In a river claims problem, agents are ordered linearly, and they have both an initial water endowment as well as a claim to the total water resource. We provide characterizations of two solutions to this problem, using Composition properties which have particularly relevant interpretations for...
Persistent link: https://www.econbiz.de/10011112091
foreign authors mark ways of the group decision making. The group decides by methods, techniques, ways and models. While …
Persistent link: https://www.econbiz.de/10011259879
Input-output analysis was a particular way of state intervention. Its success was due to the connection of a theory to a model and to an instrument. It was a tool for science and for action. This articulation of an explanatory, a descriptive and a prescriptive dimension may be understood as an...
Persistent link: https://www.econbiz.de/10009643206
relationships and associations about the real world. These claims are made through the construction of models – mathematical …, statistical, verbal or a mix of all three. This note examines the methodological issues faced by models in the context of the … Indian economy. It concludes by pointing that out that economists need to be more cautious while using models to intervene in …
Persistent link: https://www.econbiz.de/10008727908
This chapter presents an application of competitive general equilibrium theory of markets in the spirit of Walras, formalized in the 1950s by K. Arrow and by G. Debreu. In using general equilibrium theory to generate insight into current policy issues, it follows a tradition established by Arrow...
Persistent link: https://www.econbiz.de/10005790445
often difficult. Using quarterly data from 1995-2007, we estimate and evaluate three types of models for inflation … forecasting: (1) output gap models, (2) models involving money, and (3) models which bring the foreign sector into the price …
Persistent link: https://www.econbiz.de/10004961523
This paper examines the implications for African economies of the possible outcomes from the ongoing agriculture negotiations in the Doha Round. The paper defines scenarios that capture key elements of the modalities negotiations and undertakes simulations using a global dynamic general...
Persistent link: https://www.econbiz.de/10005835882
It’s almost a decade that the social science attitude has changed in evaluating the history and reality of the Mediterranean basin geographic area. The decadence of capitalistic modernisation has created a void in social and cultural relationships. A process of cultural legitimisation has been...
Persistent link: https://www.econbiz.de/10005836375