The Mekong-applications of value at risk (VaR) and conditional value at risk (CVaR) simulation to the benefits, costs and consequences of water resources development in a large river basin

We demonstrate the potential use of these two risk measures on a simple set of models of the Tonle Sap fishery in Cambodia. The sustainability of this fishery is crucial to the country in order to avoid even further dependence on international donor aid. Estimating the financial risk to which the national government and potential aid donors might be exposed given any damage to the fishery is the essence of this exploratory study of VaR and CVaR.