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Agency and Control Problems in US Corporations: The Case of Energy-efficient Investment Projects
Decanio, Stephen - In: International Journal of the Economics of Business 1 (1994) 1, pp. 105-124
phenomenon include agency and moral hazard problems, imperfect information and incentives, myopia, and X-inefficiency. Data from …
Persistent link: https://www.econbiz.de/10009275873
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Information Sharing and Cooperative Search in Fisheries
Evans, Keith S.; Weninger, Quinn - Department of Economics, Iowa State University - 2010
Bayesian Nash equilibrium search patterns for non-cooperating fishermen and members of an information sharing cooperative are … com-pared with first-best outcomes. Independent fishermen do not internalize the full valueof information, and do not … undertake costlysearch for information. Pooling contracts among coop members may mitigate, butare not likely to eliminate free …
Persistent link: https://www.econbiz.de/10008557375
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Private forest owners’ participation behavior related to an incentive conservation program: a case study of Natura 2000 contracts in France
Delacote, Philippe; Garcia, Serge; Stenger, Anne; Tu, … - Laboratoire d'Économie Forestière, Département … - 2014
Natura 2000 is a European Union network of protected areas. In France, all forest owners whose forests are located in a Natura 2000 site are eligible to enroll in a biodiversity conservation program by signing a Natura 2000 contract. In this case, the forest owner benefit from financial support...
Persistent link: https://www.econbiz.de/10010902153
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Stochastic Environmental Policy, Risk-Taking, and Growth
Soretz, Susanne - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2003
This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents perceive their individual influence on aggregate pollution is parameterized. Recursive preferences allow for the separation between intertemporal substitutability and risk...
Persistent link: https://www.econbiz.de/10005243328
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Cognitive and institutional perspectives of eco effiency: A new research landscape towards factor four (or more)
Bleischwitz, Raimund - Wuppertal Institute for Climate, Environment and Energy - 2002
The paper sketches out a theoretical framework for analysing the interplaybetween eco-efficiency, cognition and institutions. It derives from analyticalshortfalls of the prevailing literature, which features strongly engineering andbusiness economics, by using insights from New Institutional...
Persistent link: https://www.econbiz.de/10009328040
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Why do Firms Hold Oil Stockpiles?
Mason, Charles F. - Fondazione ENI Enrico Mattei (FEEM) - 2011
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...
Persistent link: https://www.econbiz.de/10009421250
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On Equilibrium in Resource Markets with Scale Economies and Stochastic Prices
Mason, Charles F - Oxford Centre for the Analysis of Resource-Rich … - 2012
I consider a non-renewable resource market where extraction costs are non-convex and market price is subject to stochastic shocks. While competitive equilibrium cannot exist if costs are non-convex and demand is deterministic, equilibrium can be supported in the context of stochastic demand. The...
Persistent link: https://www.econbiz.de/10010551671
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Transboundary pollution, asymmetric information and social welfare
Youssef, Slim Ben - In: Economics Bulletin 4 (2004) 9, pp. 1-8
We consider two regulator-firm hierarchies with transboundary pollution, and firms may have private information about … information on social welfare can be explained by a positive effect, which is the reduction of transborder pollution one negative … higher expected or ex ante social welfare under incomplete information. …
Persistent link: https://www.econbiz.de/10010836100
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Potential Failure of an International Environmental Agreement under Asymmetric Information
Matsueda, Norimichi - In: Economics Bulletin 17 (2004) 4, pp. 1-8
environmental agreement. Even without free-riding incentives, however, asymmetric information can pose a potentially significant … conflict due to asymmetric information on the environmental preference of a polluter. We also identify several conditions that …
Persistent link: https://www.econbiz.de/10010836329
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Potential Failure of an International Environmental Agreement under Asymmetric Information
Matsueda, Norimichi - In: Economics Bulletin 17 (2004) 4, pp. 1-8
environmental agreement. Even without free-riding incentives, however, asymmetric information can pose a potentially significant … conflict due to asymmetric information on the environmental preference of a polluter. We also identify several conditions that …
Persistent link: https://www.econbiz.de/10005110799