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Geographical economics analyzes the endogenous determination of the location of economic activity in a general equilibrium framework. We investigate the impact of pollution by focusing on the interaction between location advantages and negative pollution externalities associated with local...
Persistent link: https://www.econbiz.de/10011343294
Optimal harvesting of prey in a predator–prey ecosystem is studied under the condition that the existence of the predator has value. Predators (birds) and humans (fishers) compete for prey (shellfish). The behavior of the system is studied and conditions for optimal control are deduced....
Persistent link: https://www.econbiz.de/10011316890
We offer a theory of how the combination of budget constraints and insurance drives up prices. A natural context for … our theory is the health care market, where drug prices can be very high. Our model predicts that monopoly prices for …
Persistent link: https://www.econbiz.de/10012416335
This study analyses 1400 research projects of the top 20 R&D-spending pharmaceuticals to identify the determinants of …
Persistent link: https://www.econbiz.de/10011374419
Persistent link: https://www.econbiz.de/10003690057
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Economic theories of managing renewable resources, such as fisheries and forestry, traditionally assume that individual harvesters are perfectly rational and thus able to compute the harvesting strategy that maximizes their discounted profits. The current paper presents an alternative approach...
Persistent link: https://www.econbiz.de/10011316860
This paper develops a novel theory linking quantity discounts to bargaining power in scenarios where retailers …, organized as a trade association, negotiate uniform wholesale prices with suppliers. Our theory predicts that suppliers offer … observed. Our findings provide empirical support for the proposed theory. …
Persistent link: https://www.econbiz.de/10014583242