Prof. Yacov Tsur (website: http://www.agri.huji.ac.il/~tsury/) is the Ruth Ochberg Professor of Agricultural and Resource Economics at the Department of Agricultural Economics and Management, the Hebrew University of Jerusalem. He received a PhD in Agricultural and Resource Economics from the University of California, Berkeley in 1984. Before joining the Hebrew University (in 1994), he served on the faculty of the Department of Applied Economics at the University of Minnesota, USA, and the Department of Economics at Ben Gurion University of the Negev. Prof. Tsur’s research interests include renewable resource management under uncertainty and catastrophic threats, with particular focus on water resource management. He publishes widely in economic outlets and has been actively involved in advising the government of Israel and the World Bank on various issues concerning water resource management and regulation.