Recently, Askoura et al. (2013) proved the nonemptiness of the α-core of a finite Bayesian game GR with Young measure strategies and nonatomic type spaces, without requiring that the expected payoffs be concave. Under the same hypotheses as theirs, we demonstrate that Scarf’s method (1971)...

We prove the existence of a weak solution to a backward stochastic differential equation (BSDE) Yt=ξ+∫tTf(s,Xs,Ys,Zs)ds−∫tTZsdWs in a finite-dimensional space, where f(t,x,y,z) is affine with respect to z, and satisfies a sublinear growth condition and a continuity condition. This...

This paper deals with the market for SO{sub 2} emission allowances over time and electric utility compliance choices. For currently high emitting plants ( 2.5 lb SO{sub 2}/MMBtu), the 1990 Clean Air Act Amendments (CAAA) provide for about twice as many SO{sub 2} allowances to be issued per year...

The Water Framework Directive (WFD) proscribes specific levels of contaminates present in rivers and lakes in the UK, these contaminants come from a wide range of sources such as food additives present in faeces, agricultural runoff and drinking water additives such as iron dosing. Water...

The materials balance principle points to the crucial role of material inputs in generating residuals in production processes. Pollution modelling must be of a multi-output nature. The most flexible transformation function in outputs and inputs used in textbooks is too general to make sense in...

The materials balance principle points to the crucial role of material inputs in generating residuals in production processes. Pollution modelling must be of a multi-output nature. The most flexible transformation function in outputs and inputs used in textbooks is too general to make sense in...