This paper examines the conflict over catch quotas for turbot on the Grand Banks of Newfoundland between the European Union (EU) and Canada. Economic game theory is used to analyse Canadian policy, EU policy, and the ensuing resolution. Recommendations are provided for future agreements...

Markets for endangered species potentially generate incentives for both legal supply and poaching. To deter poaching, governments can spend on enforcement or increase legal harvesting to reduce the return from poaching. A leader-follower commitment game is developed to examine these choices in...

We explore the relationship between Free Trade Agreements (FTAs) and environmental policy, and the implications of negotiating environmental policy in trade agreements. Without the inclusion of domestic instrument restrictions, countries can alter environmental policy in order to influence the...

This paper examines the monetary growth implications of combining Stockman's cash-in-advance constraint on consumption and capital goods and an endogenous rate of time preference that is an increasing function of real wealth. The cash-in-advance constraint imposes an investment tax that reduces...

This paper examines the monetary growth implications of combining Stockman's cash-in-advance constraint on consumption and capital goods and an endogenous rate of time preference that is an increasing function of real wealth. The cash-in-advance constraint imposes an investment tax that reduces...

The economic advantage of constructing and operating large-scale landfills over small-scale landfills has been used to justify regional landfills as a solution to the municipal waste disposal problem. In addition to the dampening effects on social efforts to divert waste away from landfills,...

Applications of behavioural insights (BI) are increasingly being used in social and economic contexts by both public and private actors, and particularly in highly developed countries like Canada. These applications aim to use an understanding of human decision-making informed by key findings in...

In the context of a three-stage model with consumers differing in their health insurance coverage, the paper shows that there exist conditions under which the price of brand-name drugs increases following the entry of generic drugs.