Environmental problems are tied to the use of exhaustible resources. A resource tax extracts rents from the resource owning countries, whitout creating significant incentives for consumers to reduce their resource consumption. The placement of the tax burden on resource owners affects the...

Consider an auction in which potential bidders must sink an entry investment before learning their values. Suppose the auction designer can make the bidders learn their value before entry. Such early information will induce screening of high-value bidders, and it will give rise to information...

We analyse the question of optimal taxation in a dual economy, when the government is concerned about the distribution of labour incom. Income inequality is caused by the presence of sunk capital investments, which creates a 'good jobs' sector due to the capture of quasi-rents by trade unions.

We formulate a simple static equilibrium model for the electricity market taking account of both Green Certificates and CO2-emission permits. The objective is to investigate the relationship between these markets under the existence of upper and lower price-bounds on the Green certificates, both...

We believe that group-lending institutions have incentives to include members outside the target-group of poor households. This implies a methodological problem that is rarely taken into account in empirical studies. We apply a general household survey, and find some evidence of non-poor...

The main objects here are two-stage games in which players first compete and subsequently collaborate. We consider instances where second-stage collaboration is anticipated and sustained in terms of core solutions.

This paper examines how to harvest a biomass exposed to a potential collapse at an uncertain date. A specific recovery effect is identified which may be positive or negative. In general, the effect on the optimal biomass is indeterminate and depends upon the failure rate, the expected collapse,...

We study the residential choice of siblings who are altruistic towards their parents. If some siblings moves further away, he or she can shift some of the burden of takin care for the parents to his or her siblings. Thus, siblings have a strategic incentive to move away that only children do not...

A three-sector model of trade and location where two sectors produce intermediate inputs to the third sector is constructed. One of the intermediate sectors is located in the South and produces a freely traded homogenous input, while the other produces a differentiated input which is traded...

Numerous economic problems assume the form of finding a fixed point of a continuous self-mapping on a compact interval. We consider instances where the mapping is a parametrized expected value, and we offer an iterative scheme for locating a fixed point. The proposed method can be seen as an...