Optimal Growth with Resource Exhaustibility and Pollution Externality

Optimal Bundling of Technological Products with Network Externality

For many high-tech and Internet-related products, utility to consumers depends in part on the size of the user base, a phenomenon called network externality. A firm with a portfolio of these and other products – that are often asymmetric in their degree of network externality or marginal cost – may have to look beyond the traditional strategies of pure components, pure bundling and mixed bundli...

OPTIMAL RESOURCE ALLOCATION IN DEA WITH INTEGER VARIABLES

Resource allocation and optimal leveling are among the top challenges in project management. This paper presents a DEA-based procedure for determining an optimal level of inputs to produce a fixed level of outputs. To achieve this goal, we assume that the levels of outputs can be forecasted in the next season and the procedure will determine optimal level of inputs for all DMUs. Such as some of...

Optimal health and environmental policies in a pollution-growth nexus

This paper shows how policies aimed at insuring health risks and those intended to improve the environment are (and should be) deeply intertwined. In the model economy inspired by recent Chinese experience, pollution raises the likelihood of future, poor health prompting households to save more so as to self-insure against anticipated medical expenses. Increased household saving generates more ...

Natural Resource Extraction with Reversible Stock Pollution

This paper concerns the stock pollution problem, such as the pollution of agricultural soil with heavy metals due to mining. Unlike the existing literature that examines the effects of natural pollution decay, this paper considers that the pollution stock is reversible only through capital investment. By examining the typical regulation that requires the mining firm to recover the disturbed lan...

A Differential Oligopoly Game with Sticky Prices and Environmental Externality