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The implication is that cooperation (and treaties on international rivers) should occur when reallocating water between countries will result in gains in economic efficiency. [8] It is often difficult, however, for political elites to separate the economic value of water from its perceived political...
The implication is that cooperation (and treaties on international rivers) should occur when reallocating water between countries will result in gains in economic efficiency. [8] It is often difficult, however, for political elites to separate the economic value of water from its perceived political...
The latter is largely deterministic, which makes it likely to exaggerate the levels of technical inefficiencies due to its inability to separate noise from inefficiencies. The SFA method used in this paper addresses this limitation by decomposing the error term into two parts, the stochastic ...