This paper models investment/entry decisions in a competitive industry that is subject to a quantity control on an input for production. The quantity control is implemented by auctioning licenses for the restricted input (e.g., a pollution permit or a production license). The paper shows that...

This paper models investment/entry decisions in a competitive industry that is subject to a quantity control on an input for production. The quantity control is implemented by auctioning licenses for the restricted input. The paper shows that liberalizing the quantity control could reduce...

Evaluation of value of irrigation water is essential for supporting policy decision making relating to investments in the irrigation sector, efficient allocation of irrigation water and water pricing and for crafting policies to compare the variable impacts of water reform within and across...

In regions where common pool resources provide significant support to their surrounding communities, any climate change related shock could produce multiple livelihood repercussions. In this paper, a model explores how the health of common pool resources could impact upon human capital outcomes...

Replaced with revised version of paper 07/13/04.

A number of studies in the past have come up in order to explain and verify the observation made by Grossman and Kruger that that there may exist an inverted U-shaped relationship between environmental pollution and income. While some studies have found this relationship to hold true for certain...