Water, energy and food are key resources to sustain life, and are fundamental to national, regional, and global economies. These three resources are interlinked in multiple ways, and the term "nexus" captures the interconnections. The nexus has been discussed, debated, researched, and advocated...

Given the ubiquitous scarcity of resources an economic approach is necessary in order to determine an optimal strategy of adaptation to climate change. In this paper we develop an economic framework for the study of adaptation which allows us to distinguish between decentralized adaptation by...