It is widely recognized that climate change makes the weather more erratic. Since the combination of temperature and precipitation is a major driver ofgrain crop productivity, more frequent extreme rainfalls and heat waves, flooding and draught tend to make grain production and hence grain...

Government of Pakistan has taken several measures in recent years for conserving electricity to reduce its electricity shortfall. In this context, this study attempts to quantify the impact of different electricity conservation policies on value-added of industrial and services sectors in...

The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of `non-expected utility' have been devised to explain many puzzles and paradoxes of...