Drawing from a broad range of sources, we define and discuss the two primary ways of contemplating issues related to environmental economics, namely, interventionism and libertarianism. We then interpret a cellular automaton as a model that allows for either approach, as well as anarchy, and...

On 27 October 2007 the Russian Federation revoked Lufthansa Cargo's rights to fly over Russian territory. The withdrawal came as a surprise to Lufthansa Cargo and shortly after the dispute started it evolved from an economic to a political conflict which awoke international interest. The...

The paper was based on a systematic review and critical analysis of literature on the theory of firm. The theoretical assumption that forms the base of this paper is based on the importance of knowing the relationship between firms in different market, recognized at economic level. Based on the...

The firm possesses unique resources and capabilities. The firms have different behaviors on the real market. The analysis of firm development in a competitive environment is essential for the reassessment of the business simulation. Starting from these ideas the present paper intends to identify...

To choose better water investments we need to have a better appreciation of what is possible with improved governance, of how to identify improved governance, how to design institutions for it, and how to incorporate it into planning and investments. This paper reviews the theoretical and...

Environmental taxes have been discussed as one of the main mechanisms to deal with environmental problems. Nonetheless, instruments of this type have rarely been implemented, and the adoption of new or higher environmental taxes has faced resistance in some countries. The purpose of this work is...