In this report, we are concerned with the impact of the current system of residential stamp duty. Not only does stamp duty have an effect on the housing market, but it also discriminates between both different parts of the country and different household types. Because of the inefficiencies and...

In this paper we introduce a model for the description of natural resources�� price paths, which in contrast to the existing literature, captures non-linear trends by means of a simple trigonometric function. We then use a set of model selection criteria to compare our...

This chapter sets out the socio-economic principles that should govern water resources management for the achievement of a sustainable allocation of the resource over time and across space, in accordance with the EU Water Framework Directive. The resulting allocation should be economically...

In order to make possible an economic estimation of industrial pollution, which is one of the main polluters in the Asopos River Basin (RB), another method that of Benefit Transfer (BT) was applied and is presented in this chapter. The fact that gathering primary site-specific data is costly and...

In this paper we employ a choice experiment (conducted in Ukraine and Turkey) on the valuation of a marine restoration programme in the Black Sea, to examine whether the value of environmental goods is sensitive to the source of public financing. We contribute to the debate on the optimal...

This book does not only aim to present and analyze the Cyprus experience in water resources management, using both local and world experts in the field. It also opts to communicate this experience to other countries that can inform, develop and improve their water resources policies by...

In this chapter a �watershed economics approach� that could be applied in Cyprus is proposed which is composed of two important stages. In Stage I economic valuation techniques are used to establish the economic value of the competing demands...

Statistical models are usually thought of as means for describing statistical regularities. Concerning stock returns, many empirical regularities have been documented in the literature together with their corresponding models. The main task of this paper is to investigate, under the prism of the...

Wetlands are a crucial component of water resources, providing several ecological functions and services, including flood attenuation, groundwater recharge and water quality maintenance, as well as conservation of biodiversity and provision of recreational activities. In Cyprus, an arid country...

Following Water Framework Directive s (WFD) implementation a national water policy that provides the institutional background to achieve the goals of the suggested policy is required. Chapter 10 emphasises on the issues of water policy that should be addressed and provides reform options that...