The aim of this study is to evaluate three market models in their ability to support nitrogen removal through a managed wetland market. The unrestricted model allows emitters to buy permits from any wetland, has the lowest abatement cost, and highest environmental damage as defined in this...

This paper provides an introduction, with critical interpretations, to the use of hyperbolic discounting as a model of behavior for the consumption of addictive goods. The exponential and hyperbolic discounting models are carefully reviewed, with particular emphasis on the implications for time...