This model explicitly incorporates the dynamic aspects of conservation programs with incomplete compliance and it allows landholders' behavior to change over time. A distinction is made between initial and continuing compliance. We find that incomplete and instrument-specific enforcement can...

This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...