An important conclusion from the literature on hydropower is that if there are no other constraints than the available water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is characterized by the (present value) price being constant through...

Although the effectiveness of flushing floods in restoring basic environmental functions in highly engineered rivers has been extensively tested, the opportunity cost is still considered to represent an important limitation to putting these actions into practice. In this paper, we present a...