The clear definition of property rights is not a sufficient condition to prevent congestion effects in commons. In this paper we present how interesting can be the coordination among owners in the preservation of the common good. Our approach takes into account economic dynamics and incentive...

In this paper, we theoretically explore the implications of social norms in deterring pollution standard fraud along with economic incentives provided both by markets and regulatory activities. The model assumes that a large number of risk-averse individuals differ not only in their private cost...

"Sustainable development must satisfy the needs of present generations without compromising the ability of future generations to meet theirs. Although it looks at the economic, environmental and social aspects of sustainability, this article focuses specifically on an analysis of the concept in...