of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team … depending on whether preferences exhibit desert elation or desert guilt. Our notion of desert generalizes distributional concern … models to situations in which effort choices affect the distribution perceived to be fair; in particular, desert nests …

averse around their meritocratically determined endogenous reference points. In a fair tournament sufficiently large desert … average. In an unfair tournament, where one agent is advantaged, the equilibrium is symmetric in the absence of desert, but … asymmetric in the presence of desert. We find that desert concerns can undermine the standard conclusion that competition for a …

This paper considers the problem of a water management authority that is faced with the threat of a drought that will … restored, and iii) an economically optimal policy taking account of the probability of a drought and the fact that water is an … asset (a stock of natural capital). In particular, it is shown that the optimal pre-drought steady-state stock of water is …

drought, which is exacerbated by environmental change. This study analyzes the impact of drought on household’s vulnerability …, the study employs the methodology proposed by Christiaensen and Subbarao (2004). The results show that recurrent drought … makes households more vulnerable to the extent that households that were affected by drought in both periods were twice as …

case, the lack of the water. During 1949 and 1955, studies were carried out concerning the damages produced by drought and …

implications of drought-induced livestock and crop production shortfalls in various regions of Ethiopia, world price increases and …

long time, but the first steps to combat drought took just in the mid twentieth century when there was planted windbreak …

livelihoods in the face of a decade of persistent drought. The study is based on quantitative and qualitative data collected by …

Nigeria. It uses primary household level data from Nigeria to analyse the impacts of induced price variability on household …