In the past decade, innovations in hydraulic fracturing and horizontal drilling have fueled a boom in the production of natural gas (as well as oil) from geological formations - primarily deep shales - in which hydrocarbon production was previously unprofitable. Impacts on U.S. fossil fuel...

Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival...

In this paper, it will be argued that, when current developments in transport systems will continue, they never will become sustainable. An important reason is the priority of economic growth and the support of positive externalities related to properly functioning transport systems, while there...

This paper provides a game-theoretic model of network formation with a continuous effort choice. Efforts are strategic complements for direct neighbors in the network and display global substitution/congestion effects. We show that if the parameter governing local strategic complements is larger...

This paper studies optimal targeting policies, consisting of eliminating (preserving) a set of agents in a network and aimed at minimizing (maximizing) aggregate effort levels. Different from the existing literature, we allow the equilibrium network to adapt after a network intervention and...

In the past decade, innovations in hydraulic fracturing and horizontal drilling have fueled a boom in the production of natural gas (as well as oil) from geological formations - primarily deep shales - in which hydrocarbon production was previously unprofitable. Impacts on US fossil fuel...

In this paper, it will be argued that, when current developments in transport systems will continue, they never will become sustainable. An important reason is the priority of economic growth and the support of positive externalities related to properly functioning transport systems, while there...