Does information matter? Transparency and demand for accountability in Ghana's natural resource revenue management

Revenue Management with Incomplete Demand Information

Consider a seller who is endowed with a fixed number of units of a product that he/she can sell to a price-sensitive and stochastically arriving stream of consumers during a given selling season. The seller’s problem is to dynamically adjust the product’s price to maximize the revenues he/she can collect if no replenishment is possible during the sales horizon. This setting is quite typical of ...

Revenue Management with Limited Demand Information

In this paper, we consider the classical multi-fare, single resource (leg) problem in revenue management for the case where demand information is limited. Our approach employs a competitive analysis, which guarantees a certain performance level under all possible demand scenarios. The only information required about the demand for each fare class is lower and upper bounds. We consider both comp...

Natural Resource Governance: Does Social Media Matter?

In this paper we study the relationship between communication and ”transparency of information” and governance by exploring the link between social media and natural resource governance. Using a cross-country analysis, we document a robust and statistically significant positive relationship between Facebook penetration (a proxy for social media) and natural resource governance. It follows that ...

Revenue Management in Resource Exchange

Transformational Change in Environmental and Natural Resource Management

It is widely agreed the Anthropocene has seen an unprecedented decline in the natural resources conditions that have underpinned the economic growth of the last few hundred years. As communities, we have not responded to Boulding’s vision of ‘the coming space ship earth’ although not for want of much official and private effort. As ‘wicked problems’ the impacts have been often ignored or off lo...