basins, where water deficit during drought events is partially covered by illegal abstractions, mostly from aquifers, which …-based drought insurance systems have the potential to introduce the necessary incentives to reduce overexploitation during drought … events and remove the high costs of the drought indemnity paid by the government. This paper develops a methodology to obtain …

The Drought Management Plans (DMPs) are a regulatory instrument that establishes priorities among the different water …-priority uses such as agriculture. These plans have recently become widespread across EU southern basins. Shockingly, in some of … availability in agriculture that results from the decision rules of the recently approved DMPs. The methodology is applied to the …

floods to which the agriculture sector is particularly exposed. While agricultural productivity growth and policy development …, drought and flood risks are likely to become a major policy concern as increasing population will increase the demand for food …Characterising and measuring droughts and floods -- The economics of droughts and floods in agriculture -- Policy …