In this paper we present a continuous time optimal control analysis of resistance buildup in agricultural chemicals when the supplier is a monopolist. We solve a general model and examine the solutions for Cobb-Douglas demand, including a simulation of changes in the interest rate and pest...

In the active literature on regulatory reinvention, many have pointed to the Endangered Species Act's Habitat Conservation Plan program as a successful example of the potential for collaborative and experimentalist regulatory innovation. Yet, despite its frequent mention as a prototype for...

In the presence of uncertainty and irreversibility, dynamic decision problems should not be solved using expected net present value analysis. The right to delay a decision can be valuable. We show that the value of this right equals Arrow and Fisher's [K. J. Arrow and A. C. Fisher, Environmental...

Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law and policy today. This is both because of the critical role that electricity plays in modern society, acting as economic lifeblood, and because of electricity's part in...

The study models the consumption of the two most consumed petroleum products in Ghana namely; gasoline and gasoil. Descriptive analyses and the Structural Time Series Model (STSM), is used as the main estimation method because of its ability to account for structural dynamics in the economy,...

Intrinsic motivation is shaped by attitudes towards others. In spite of their potential relevance for policy design, identifying individual preference types beyond population distributions remains a challenge. We use data from a common pool resource (CPR) game in the fi eld (935 individuals, 25%...

Forest policy in Ireland has focused on the expansion of forest cover in recent years to increase ecosystem services, but in spite of financial support to incentivize farmers to afforest previously agricultural land and the high returns of farm forestry relative to the agricultural alternatives,...

This Article examines the growing opposition to the use of eminent domain for energy transport projects such as oil pipelines, gas pipelines, and electric transmission lines. Such projects were protected from the state legislative reforms that restricted eminent domain following the Supreme...

We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...

The paper focuses on analysis of Central Asian hydro- energetic system and water usage in Tian Shan region. Tian Shan system is an important water resource in Central Asia: river waters are intensely taken for hydropower energy, urban systems, irrigation. But geopolitics in Tian Shan is...