We present a reservation price model to examine the joint impacts of natural disturbances
and stumpage price uncertainty on the optimal harvesting decision for even‐aged forest …

In this article we present a stylized model for optimal management of an unconfined
groundwater resource when the threat of drought exists. The drought is modeled as a …

The benefits of technological improvement are uncertain. The timing of the introduction and
take-up of new technologies is difficult to estimate. Technological improvements play a …

We studied transboundary groundwater management problems in the presence of hydraulic
fracturing. We found that the presence of risk suggests there should be caution when …

The common property nature of the Mississippi River Alluvial Aquifer (MRAA) results in the
formation of a cone of depression in the southern portion of the aquifer encompassing …

It is well acknowledged that sustainable development challenges involve facing three basic
dimensions––social, economic, and environmental (United Nations, 2015). Given their …