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In this note we use a static game model to analyze the optimal cleanup of an apartment that is shared by two college students. Both students dislike cleaning. However, they also prefer a clean apartment to a dirty one. Student i's utility function embodies the idea that the more time one student...
Persistent link: https://www.econbiz.de/10012961918
In this note we use a static game model to analyze the optimal cleanup of an apartment that is shared by two college students. Both students dislike cleaning. However, they also prefer a clean apartment to a dirty one. Student i 's utility function embodies the idea that the more time one...
Persistent link: https://www.econbiz.de/10012963573
In this note we use a simple game model to analyze the optimal cleanup of an apartment that is shared by n∈N college students who are pressed for time. From an individual standpoint, these students dislike cleaning. However, they also prefer a clean apartment to a dirty one. Hence, for any...
Persistent link: https://www.econbiz.de/10012949721
In this note we use a simple game model to analyze the optimal cleanup of an apartment that is shared by n ∈ ℕ college students who are pressed for time. From an individual standpoint, these students dislike cleaning. However, they also prefer a clean apartment to a dirty one. Hence, for any...
Persistent link: https://www.econbiz.de/10012953447
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10010326306
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10011256729
Goods for which demand greatly exceeds supply are frequently allocated to citizens using queuing mechanisms. However, violence can occur either when queues are very long or when large numbers of citizens are not provided goods being allocated with queuing mechanisms. Hence, we use the theory of...
Persistent link: https://www.econbiz.de/10010943006
The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality...
Persistent link: https://www.econbiz.de/10005077185
A number of ecologists and some economists have commented on the significance of persistence as a stability concept for jointly determined ecological-economic systems. This notwithstanding, the economics and the regional science literatures have paid scant attention to the problem of computing...
Persistent link: https://www.econbiz.de/10005167256
The aim of this paper is to analytically review the contemporary scientific literature in range management. To this end, we first focus on the ecology and the management of rangelands. Second, we concentrate on the economics and the management of rangelands. Third, we shed light on significant...
Persistent link: https://www.econbiz.de/10010696413