This paper proposes a new Economic Drought Management Index (EDMI) that could assist water managers to inter … various scenarios of climate change, and for a 8-year real period, which includes three consecutive drought years. Results … show that the region's vulnerability to drought could be reduced following the interpretation of the EDMIs. EDMIs under …

to confront highly variable rainfall patterns. In this paper, we derive and propose an economic drought management index … (EDMI) to evaluate water institutions' performance to cope with drought risk. The EDMI is based on the optimal conditions of …