Several studies found ancillary benefits of the provision of public goods to be of considerable size. If these additional private benefits were noticed, they would imply not only higher cooperative but also non-cooperative provision levels. However, beyond these largely undisputed important...

In this paper we investigate effects of overlap in species between ecosystems along a linear gradient on the location of marine protected areas (MPAs) under full cooperation, strategic behavior and conservation autarky. Compared to the full cooperation outcome, both strategic behavior and...

Fisheries economics stand on the cusp of potentially sizeable changes in orientation and policy focus, leading in turn to comparable changes in modeling and general analysis. Notably, fisheries are increasingly framed as part of the overall marine environment rather than considered as solely or...

This paper addresses a complex problem of finding optimal or suboptimal strategies and business decisions of (1) entrepreneurs, inventors, innovators, and other “economic actors” who are engaged, or want and can be engaged, in innovation activities, and (2) policymakers who want to secure...

We provide motivations for the correlated equilibrium solution concept from the game-theoretic and optimization perspectives. We then propose an algorithm that computes <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$${\varepsilon}$$</EquationSource> </InlineEquation> -correlated equilibria with global-optimal (i.e., maximum) expected social welfare for normal form...</equationsource></inlineequation>

Several relationships between simple games and a particular type of solutions for cooperative games are studied in this paper. These solutions belong to the set of semivalues and they are related to a unique parameter that explicitly provides their weighting coefficients. Through the allocations...

This paper introduces a new modeling framework to understand and improve regional natural disaster risk management in the USA, including the interactions among key stakeholders and between the two important risk management mechanisms of insurance and retrofit. The framework includes a stochastic...

In recent years, uneven distribution of available water resources as well as increasing water demands and overexploiting the water resources have brought severe need for transferring water from basins having sufficient water to basins facing water shortages. Therefore, optimal allocation of...