In this study, a basic comparison between the Pigouvian and the Coasean approaches is carried out in order to discuss and comment on the mechanisms by which externalities are resolved. Environmental control approaches are examined and compared in terms of minimization of abatement costs,...

This paper computes and analyses for the first time environmental efficiencies in waste generation of 160 European regions in NUTS 2 level in seven European countries. For this reason different Data Envelopment Analysis (DEA) model formulations are used modeling the pollutant in the form of...

Modern microeconomics and macroeconomics study dynamic phenomena. Dynamics could predict future states of an economy based on its structural characteristics. Economic dynamics are modeled in discrete and continuous time context, mainly via autonomous difference and differential equations. In...

This paper considers the classical newsvendor model when, (a) demand is autocorrelated, (b) the parameters of the marginal distribution of demand are unknown, and (c) historical data for demand are available for a sample of successive periods. An estimator for the optimal order quantity is...

Relying on Pigou's view, environmental taxes increase the costs of polluting activities reflecting in this way the true social cost imposed to society by the caused environmental damage by these activities. The total pollution cost (TPC) is defined by adding up the marginal abatement (MAC) and...

In this paper we model the conflict between the group of polluting firms of a country and the social planer of the same country which attempts to control the volume of emissions generated during the production process. Both players of the game have their own control policies which are the rate...

Eutrophication represents a global environmental pressure that necessitates international co-operation and the diffusion of information to avoid information asymmetries, the construction of an appropriate legislative framework, the development of monitoring technologies and scientific research...

This study is focused on the construction of long – term scenarios for the transition to renewable energy. Utilizing European and national targets, the key objective of this work is to investigate how these targets are reflected in both economic and environmental terms. The constructed model...

In the current technical report, we consider for the Greek road transport various policies of emission control for the period 2014-2030, and for the first time we estimate the related greenhouse gas emissions expressed in CO2 equivalent and the total costs. These policies result from the high...

In this paper we investigate the convexity of the annual total cost function for the Hadley & Whitin (1963) continuous review (Q,R) inventory model with backorders and fixed lead-time, when the reorder point is non-negative and the cost per unit backordered is used to calculate the expected...