Evolving wildfire management policies are aimed at more comprehensive treatments of current wildland fire management problems. Key policies are identified that affect wildfire and fuels management. Policies are discussed in the context of institutional factors such as interagency cooperation and the growing number of regulations and laws. Key economic principles, such as the Coase Theorem, are ...

The Coase conjecture (1972) is the proposition that a durable goods monopolist, who sells over time and can quickly reduce prices as sales are made, will price at marginal cost. Subsequent work has shown that in some plausible cases that conjecture does not hold. We show that the Coase conjecture does not hold in any plausible case. In particular, we examine that conjecture in a model where the...

Abstract This fundamentals article discusses efficient machine economies in which non-human agents can autonomously exchange information and value. We first identify criteria for achieving Pareto efficiency such by drawing on the Coase Theorem. then translate these economic to technical requirements before developing a framework that characterizes four types of economies. discuss real-life exam...

The Coase Conjecture (1972) has generated a large literature on the pricing of durable goods by monopolists. The theoretical predictions span a whole range with nearly perfect competition at one end and nearly perfect price discrimination at the other. An empirical test is therefore of importance. We test the Coase conjecture in an experimental setting and report on the results. We also test th...