Norms of reciprocity contribute to the enforcement of cooperative agreements in bilateral sequential exchange. This paper examines the…
We characterize environmental quality as a stock, and its rate of deterioration as a flow. We consider a class of problems, which we call…
We perform an empirical analysis of the influence of price and price structure on residential water demand, using the most price-diverse,…
Vintage-differentiated regulations (VDRs) are standards that are fixed with respect to the date of entry of regulated units, with later…
A model of generator withholding is critical for analyses of market power. The California electricity market crisis of 2000-2001 saw…