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Quantitative models are omnipresent –but often controversially discussed– in todays risk management practice. New regulations, innovative financial products, and advances in valuation techniques provide a continuous flow of challenging problems for financial engineers and risk managers alike. Designing a sound stochastic model requires finding a careful balance between parsimonious mode…
This book provides a unique synthesis of concepts and tools to examine natural resource, socio-economic, legal, policy and institutional issues that are important for managing urban growth into the future. The book will particularly help the reader to understand the current issues and challenges and develop strategies and practices to cope with future pressures of urbanisation and peri-urban la…
This book is open access under a CC BY-NC 2.5 license. This book provides an unprecedented synthesis of the current status of scientific and management knowledge regarding global rangelands and the major challenges that confront them. It has been organized around three major themes. The first summarizes the conceptual advances that have occurred in the rangeland profession. The second addresse…
Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of in…
Which countries are most vulnerable to a virus such as COVID-19? Which countries should take the most stringent precautions to prevent the spread of such a virus? The EIB COVID-19 Economic Vulnerability Index covers countries outside the European Union and helps give us an idea of regions that need the most help. The comprehensive index takes into account risk factors such as the quality of hea…
African countries are using technology in many new ways to fight the coronavirus pandemic. This report highlights some of the best digital solutions and estimates the investments required to implement the technology on a wider scale. The European Investment Bank prepared this report with the support of the United Nations Development Programme and the consulting firm BearingPoint.
This book provides a critical account of the third sector and its future in Europe. It offers an original conceptualization of the third sector in its European manifestations alongside an overview of its major contours, including its structure, sources of support, and recent trends. It also assesses the impact of this sector in Europe which considers its contributions to European economic devel…
Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents’ rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents’ limited capacities to process infor…
Socially desirable responding (SDR) is an often-reported source of bias in survey interviews. It describes the tendency of a respondent to answer in a way that is socially desirable rather than to answer truthfully. This response bias also threatens the reliability and validity of survey-based environmental valuation techniques such as the Contingent Valuation Method (CVM). Therefore, the study…