This chapter considers the relationship between nondiscrimination rules and supply-side incentives to invest in infrastructure. We encountered the issue throughout chapter 6. This chapter frames and evaluates the oft -made claim that government-imposed commons management will significantly...

This chapter considers partially (non)rival infrastructure and congestion. Specifically, it explains and analyzes congestions problems and solutions. It begins with the basic economic model of congestion, which assumes homogenous uses, and discusses various approaches to managing congestion. It...

This article is the first attempt to study the empirical link between income aspirations and cooperation in a one shot public good game. By combining experimental with survey data, we find evidence that the more frustrated people are with their income, the lower is their propensity to cooperate...

This chapter introduces the basic concepts behind benefit-cost analysis or BCA. It is important to remind ourselves that BCA is a tool towards a decision rather than a decision itself. This consideration alone obviates most of the criticism of BCA

To avoid the dangerous consequences of climate change, humans need to overcome two intertwined conflicts. First, they have to deal with an intra-generational conflict that emerges from the allocation of costs of climate change mitigation among different actors of the current generation. Second,...

Socially responsible investing aims to make the world a better place by using capital markets as a tool to tackle environmental and social problems that are typically addressed by the government. While this goal at face value is laudable, I show that socially responsible investors exacerbate...

In an optimal growth setting, where the only productive asset is a renewable resource which is jointly exploited, it is shown that competitively the resource may be over-used or under-used. The diversion from optimal use arises due to the externality embodied in the jointness of exploitation and...