We consider optimal behavior in a class of spatial-dynamic economic problems related to a negative externality with stock effects, via the development of a dynamic, non-cooperative game. The feedback Nash equilibrium response functions are parameterized based on an invasive weed faced by western...

Reallocating water is a politically sensitive issue in the western United States. Changes from agricultural uses to urban or environmental uses are occurring, but the process tends to polarize competing water users, thus creating barriers to reallocation. Other barriers are inherent in the...

The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...

Current U.S. regulations focus on market approaches to reduce SO2, NOx, and CO2 pollution, allowing affected firms to choose the least-cost compliance alternative. Natural gas, a relatively benign fuel from an environmental perspective, could realize a substantial increase in demand if it is...