We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically, our analysis focuses on the contractual interaction between a representative risk averse entrepreneur who owns a firm and a risk neutral monopolistic investment bank that...

The salience of the notion of resilience in affecting the static and the intertemporal behavior of jointly determined ecological-economic systems has been understood by ecologists at least since 1973. Despite this, there are very few analyses of such systems that examine the ecological and the...

The uncertain nature of the demand for university parking has now created a major problem for university planners. From a facilities planning perspective, it is important to comprehend the probabilistic nature of the demand for parking and parking rules violations. Given this background, in our...

We analyze a two-sector model of a trading creative regional economy (TCRE) of the sort studied by Florida. Our analysis focuses on two cases. The first (second) case concerns the impact of faster neutral (non-neutral) productivity growth in the tradable sector on the employment of creative...

The significance of the concept of resilience in determining the static and the dynamic behavior of jointly determined ecological-economic systems has been recognized by ecologists at least since Holling (1973). This notwithstanding, there are very few formal studies of such systems that analyze...

I discuss the contributions that rigorous economic analysis can make in improving our understanding of international environmental agreements (IEAs). Specifically, I do this by analyzing the intellectual contributions of 14 post-1990 theoretical and empirical papers about the design of IEAs

This paper analyzes the problem faced by an imperfectly informed supra-national governmental authority (SNGA) with restricted funds that wishes to design an International Environmental Agreement (IEA) for developing countries (DCs). The SNGA contracts with polluting firms through their...

Although ecologists have long recognized the importance of persistence in determining the behavior of ecological systems, it is only very recently that economists have begun to analyze this notion in relation to the use of services that are provided by jointly determined ecological-economic...