We review the theory of optimal conjunctive-use management absent transaction costs as a point of departure for a second-best theory of management. We first explore the problem of optimal pricing of surface water when groundwater remains unregulated. We then move to consideration of...

We analyze a game with N farmers that extract groundwater from a common aquifer of small storage capacity. Our aim is to compare the socially optimal, myopic and feedback extraction strategies, the latter arising from competitive interaction between extracting agents. Our extension to existing...

We optimize groundwater management in the presence of marine consequences of submarine groundwater discharge (SGD). Concern for marine biota increases the optimal steady-state head level of the aquifer. The model is discussed in general terms for any coastal groundwater resource where SGD has a...

Companies are increasingly concerned with current and future climate change risks that have the potential to generate a substantial change in their business operations, revenue and/or expenditure. Therefore, the paper focusses on the companies' perspective and aims to create a higher awareness...

Cities, home to more than half of the world’s population and important economic hubs, are vulnerable to climate change and worthy to protect. To address these challenges, implementing adaptation measures is inevitable. The paper provides insights into climate change related risks,...

Climate change related risks impact and challenge the private sector in many different ways. This also applies to risk drivers like a companies' reputation and a changing consumer behavior. Since significant risk drivers for companies differ just as much as companies themselves, a sector...

This paper investigates how dryland wheat farm operators adapt to climate through the use of land leasing in the U.S. Pacific Northwest region. Using a farm-level dataset from the U.S. Census of Agriculture, we build a statistical relationship between climate and leased acreage for dryland wheat...

We study the evolution of voter support for climate policies aimed at containing the effect of climate risk, as weather conditions worsens at a time of rising economic inequality. Households differ in age, beliefs and income, and the scale of intervention to preserve habitable land reflects the...

We study the evolution of voter support for climate policies aimed at containing the effect of climate risk, as weather conditions worsens at a time of rising economic inequality. Households differ in age, beliefs and income, and the scale of intervention to preserve habitable land reflects the...

Cities, home to more than half of the world's population and important economic hubs, are vulnerable to impacts of climate change and worthy to protect. To address these challenges, implementing climate change adaptation measures is inevitable. The paper provides insights into climate change...