This paper presents a framework to determine optimal resource allocation over time for the production of a good by heterogeneous producers who generate a stock externality. We analyze the optimal intertemporal and quality-specific combination of abatement strategies at the source given by a...

In 2010 implementation of the European Higher Education Area in European universities will imply a rethinking of the structure of subjects taught and a likely reduction in the content of many current teaching programmes. This will be the case in quot;Mathematics for Economistsquot; and will...

Different regulatory bodies tend to develop environmental policies not recognizing the interdependencies between externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same activity. This study introduces a two-phase...

In addition to exacerbating water scarcity, climate change is expected to lead to an increase in the frequency and magnitude of droughts. During an extreme water shortage, economic agents may find it difficult to modify their production structure immediately, and will therefore try to maintain...

We consider firms combining variable inputs and heterogeneous capital goods. Input use may cause simultaneous flow and stock externalities (e.g., air pollution/ climate change). Regulatory bodies typically develop separate policies for each externality but do not recognize that many...

In this paper we present a classroom exercise where students can solve the basic two-period consumer choice model using the Excel-Solver, and explore the main features of the model. We also include a static comparative analysis and a borrowing constraint in the optimization problem

This paper presents a framework to determine optimal resource allocation over time for the production of a good by heterogeneous producers who generate a stock externality. We analyze the optimal intertemporal and quality-specific combination of abatement strategies at the source given by a...

With the development of modern information technologies, relying on nanotechnologies and remote sensing, a number of systems can be envisaged that allow for monitoring of the negative externalities generated by producers, consumers or travelers - road pricing schemes or individual emission...

With the development of modern information technologies, relying on nanotechnologies and remote sensing, a number of systems can be envisaged that allow for monitoring of the negative externalities generated by producers, consumers or travelers - road pricing schemes or individual emission...