We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...

Water supply has become a priority for developed and developing nations of the world. Conventional water resources alone cannot meet the growing demand for water in urban cities. Management of the problem is amplified by uncertainty associated with different development strategies. Singapore has...

Water is one of the most important commodities in the world and plays an essential role in the hydrocarbon industry. With increased agricultural production, rapid industrialization, population growth and climate change, the world is facing an extreme water crisis in many regions. Coupled with a...

The simultaneous achievement of the sustainable development goals (SDGs) is, to say the least, challenging. In a situation of increasing and multiple demands over limited resources, pursuing each goal separately could lead to increased competition. The situation in Africa is particularly...