Consider a general equilibrium framework where the marginal cost of extraction from several deposits of an exhaustible resource is constant in terms of an inexhaustible perfect substitiute and differs between deposits. The instantaneous rate of productionfrom the inexhaustible resourcce is...

A group of agents located along a river have quasi-linear preferences over water and money. We ask how the water should be allocated and what money transfers should be performed. We are interested in efficiency, stability (in the sense of the core), and fairness (in a sense to be defined). We...

In most surveys, the risk of nonresponse is a factor taken into account at the planning stage. Commonly, resources are set aside for a follow-up procedure which aims at reducing the nonresponse rate. However, we should pay attention to the effect of nonresponse, rather than the nonresponse rate...