The optimal intertemporal use of forests is a traditional and extensively investigated topic with recent emphasis on sustainable uses. The political discussion about the clearing of tropical forests adds a topical, policy dimension to this investigation. This study shows that cyclical policies...

The models of technology diffusion originally proposed by Metcalfe (1981), Batten (1987) and Amable (1992) are modified so as to allows for price expectations of adopters and suppliers of an innovation. We show many interesting and somewhat unexpected results, which were not noticed in the...

Grandmont (1985) found that the parameter space of the most classical dynamic models are stratified into an infinite number of subsets supporting an infinite number of different kinds of dynamics, from monotonic stability at one extreme to chaos at the other extreme, and with all forms of...

Artificial dissipation is a well known tool for the improvement of stability of numerical algorithms. However, the use of this technique affects the accuracy of the computation. We analyse various approaches proposed for enhancement of the Lattice Boltzmann Methods’ (LBM) stability. In...

In this paper, a discrete predator–prey system is proposed and analyzed. It is assumed that the prey population has a lower critical point, which is also referred to as extinction threshold. Such behavior has been reported for many flowering plants, many fishes, epidemiology, and so on. The...

A continuous-time predator–prey model without spatial variation is proposed to study the impact of Allee effects upon the predator–prey interaction when the prey population is subject to Allee effects. The system exhibits a threshold below which both populations become extinct. The model...

In a recent contribution, Empora and Mamuneas (2011) find a positive relation between pollution emissions and the total factor productivity (TFP). In the present paper, we show that this positive effect reduces the effect of pollution on the marginal utility of consumption for which a limit...