We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

In spite of a manager's best attempts, a managed rangeland may hit an irreversible state in which it provides neither consumptive nor non-consumptive services to humans. Therefore, given a particular time based management regime, it is useful to know how long it takes for a rangeland to hit the...

In spite of a manager's best attempts, a managed rangeland may hit an irreversible state in which it provides neither consumptive nor non-consumptive services to humans. Therefore, given a particular time based management regime, it is useful to know how long it takes for a rangeland to hit the...

In this note, we analyze a simple auction mechanism for locating noxious facilities such as hazardous waste dumps, prisons, and trash disposal plants. Specifically, we first delineate the details of our auction mechanism. Next, we solve for the symmetric equilibrium of this auction. Finally, we...

In this note, we analyze a simple auction mechanism for locating noxious facilities such as hazardous waste dumps, prisons, and trash disposal plants. Specifically, we first delineate the details of our auction mechanism. Next, we solve for the symmetric equilibrium of this auction. Finally, we...