The circular economy, as a factor of sustainable development, is an innovative practice resource allocation that considers the production goods and reuse their waste. Society values since it contributes to reduction negative externalities arising from operation certain industries generate waste harmful environment. In this work, magnitude externality represented by accumulation called "alperujo...

We investigate a linear state di¤erential game describing an asymmetric Cournot duopoly with capacity accumulation à la Ramsey and a negative environmental externality (pollution), in which one of the …rms has adopted corporate social responsibility (CSR) in its statute, and therefore includes consumer surplus and the environmental e¤ects of production in its objective function. If the market i...

Most students change schools at some point in their academic careers, but some change very frequently and some schools experience a great deal of turnover. While many argue that mobility harms students, economists tend to emphasize Tiebout type moves to procure better school quality (SQ). This paper disentangles the disruption effects of moves from changes in SQ. Importantly, it identifies the ...

This paper develops congestion theory and congestion pricing theory from its microfoundations, the interaction of two or more vehicles. Using game theory, with a twoplayer game it is shown that the emergence of congestion depends on the players’ relative valuations of early arrival, late arrival, and journey delay. Congestion pricing can be used as a cooperation mechanism to minimize total cost...

Innovation is typically a trial-and-error process. While some research paths lead to the innovation sought, others result in dead ends. Because firms benefit from their competitors working in the wrong direction, they do not reveal their negative findings. Hence, time and resources are wasted on dead-end projects. We offer a model to study this prevalent problem and characterize the equilibrium...

We extend a well known differential oligopoly game to encompass the possibility for production to generate a negative environmental externality, regulated through Pigouvian taxation and price caps. We show that, if the price cap is set so as to fix the tolerable maximum amount of emissions, the resulting equilibrium investment in green R&D is indeed concave in the structure of the industry. Our...

Abstract How to fight global problems with local tools? When only firms know what externality-producing activities can be relocated, policies shape the location distribution of firm types different social values. We find that, because this selection effect, optimal confront firms’ mobility elevated corrective externality prices, in contrast common remedies for relocation risk. Our mechanism inc...

This paper studies price shocks on urban fringe properties surrounding Tucson, Arizona to test if construction on neighboring parcels imposes a negative externality and if investors are able to anticipate the timing of sprawl. Three preliminary estimations are performed, building from classical tests to a rate of return-based hedonic regression. Construction on parcels adjacent to isolated exur...

Although a positive association is found between HIV prevalence and intimate partner violence, a causal interpretation is hard to establish due to the endogeneity of HIV prevalence. Using the distance from the origin of the virus as an instrument, I find that an exogenous increase in HIV prevalence in a cluster has a sizable positive effect on the risk of physical and sexual violence against wo...