Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...

This dissertation deals with the problem bidders have to solve to formulate their bids in two types of auctions: reverse and combinatorial auctions.In reverse procurement auctions the object for sale is a contract, bidders are suppliers, and the bid taker is a buyer. The suppliers bidding for...

This work examines issues in the pricing of financial transmission rights in the PJM market region. The US federal government is advocating the creation of large-scale, not-for-profit regional transmission organizations to increase the efficiency of the transmission of electricity. As a...

Game Theory plays a fundamental role in the social sciences. In this dissertation, we present three essays---the first two dealing with the pure theory of games and the third with an application of game theory to political economy. In the firstessay, we consider the effect of unbounded...

In almost all walks of life, predicting uncertain future events plays an essential role in decision-making processes. However, information related to future events frequently exists only as dispersed opinions, insights, and intuitions of individuals. Each individual only knows a little, but...