A new technology adoption problem can be modelled as a two-stage control problem, in which model parameters ("technology") might be altered at some time. An optimal solution to utility maximisation for this class of problems needs to contain information on the time, at which the change will take...

In this paper we analyze the negotiation strategy of the European Union regarding the formation of an international climate agreement for the post-2012 era. We use game theoretical stability concepts to explore incentives for key players in the climate policy game to join future climate...

This paper develops a consistent bootstrap estimation procedure to obtain confidence intervals for nonparametric measures of productive efficiency. Although the methodology is illustrated in terms of technical efficiency measured by output distance functions, the technique can be easily extented...

Consider a country with two regions that have developed differently so that their current levels of energy efficiency differ. Each region's production involves the emission of pollutants, on which a regulator might impose restrictions. The restrictions can be related to pollution standards that...

More regulation, not less, is temporarily necessary, if effective competition is to be established in network industries. This paradox places new requirements on computable models: they should provide realistic descriptions of technologies but also of market and institutions. Industrial...