The price of water under the Lesotho Highlands Water Project
Article Abstract:
The transfer of excess water from Lesotho to South Africa under the Lesotho Highlands Water Project was examined based on contract theory. The agreement involves the division of uncertain quantities of water and the payments after Lesotho's planned use of the water to generate hydroelectric power. The shareout from the project was calculated using the Nash bargaining approach. It was found that the agreement favors Lesotho more than South Africa.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 1998
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Footsteps on the road to a positive psychology
Article Abstract:
Psychological studies have emphasized the negative state of the minds and there are only few studies on human strengths. This has led to the development of effective techniques in preventing or minimizing human suffering and has increased the knowledge of people about factors that may affect human development. However, an increasing emphasis on the positive has been encouraged by psychologists.
Publication Name: Behaviour Research and Therapy
Subject: Psychology and mental health
ISSN: 0005-7967
Year: 1999
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Cognac: the world's foremost brandy
Article Abstract:
Cognac is a blended brandy whose excellence has been credited to the area's soil and grape varieties and the type of oak used in aging. Cognac is graded as VS (Very Special), VSOP (Very Special Old Pale), VO (Very Old) or XO (Extra Old).
Publication Name: The New York Times Magazine
Subject: General interest
ISSN: 0028-7822
Year: 1992
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