Fixed investment is a prerequisite to economic growth and sustainable development. Such investment includes large and focused capital spending on the expansion and maintenance of major integrated economic infrastructure.South Africa‘s municipal environment is characterised by extensive...

Agricultural insurance in Ukraine is mostly offered on the basis of traditional products includingPMCI, named perils and single peril coverage. The index concept was introduced in 2001 thoughuntil 2005 the insurance companies provided index crop insurance through area-based yield indexprogram....

The importance of small and medium-sized enterprises (SMEs) in the economy should not be overlooked. The main function of SMEs is to contribute to the economic activities in a country, through the provision of goods and services to the public or other firms. These goods and services could be...

Although the Vietnamese catfish farming has grown at very high rates in recent years, the industry has also faced many problems affecting its sustainability. This paper studies the perceptions of catfish farmers regarding risk and risk management strategies in their production activities....

Transferable allowance management systems are receiving increased attention from fishery managers and stakeholders alike. We use a laboratory experiment in which human subjects play the role of fishers to evaluate the promised economic efficiency of tradable allowance systems. In an experiment...

In theory, competitive emission permit markets minimise total abatement cost for any emissionceiling. Permit markets are often imperfectly competitive, however, if they are thin anddominated by large firms. The dominant firm(s) could exercise market power and increase otherfirms’ costs of...

Individuals are widely believed to overstate their economic valuation of a good by a factor of two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary willingness-to-pay and that used the same mechanism...