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fleets are considered: a "forage fish" fleet targeting species that mature at small sizes and a "large fish" fleet targeting … the forage fish fleet has a notable economic impact on the large fish fleet, but the reverse is not true. The impact can … adjusted according to the large fish fishery. With the present large fish fishery in the North Sea, the two fisheries are well …
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In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
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analysis emphasizes the emerging theoretical and empirical evidence that using prices to manage water demand is more cost …
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We show that, given two matchings for a room-mates problem of which say the second is stable, and given a non-empty subset of agents S if (a) no agent in S prefers the first matching to the second, and (b) no agent in S and his room-mate in S under the second matching prefer each other to their...
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Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the...
Persistent link: https://www.econbiz.de/10011597106