Natural gas demand in the United States has been increasing for the last 15 years and is projected to grow substantially in the next 20 years. Meeting this growing demand will require an accompanying increase in supply, which is expected to come mostly from additional production in the United States. The prospect of increased U.S. production has led to ongoing efforts both to better assess our ...

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The evolution of political regimes of resource-rich countries is a highly relevant topic as the debates continue about the likelihood of those countries to democratize. Conventional wisdom dictates that large oil endowment impedes democratic development. However, recent studies found that oil and gas can both contribute to and undermine democracy. At the same time, the subject of how and why a ...

PROFESSOR JEAN LEMAIRE: The two models I am going to present originate from game theory. They were devised as illustrations of game theoretical 'models to my operation research students. Game theory has not yet reached a point where it could be practically implemented in insurance companies. The first model I am going to describe is non-cooperative game theory. The second one uses utility theor...

Due to economy of scale, it is suggested that individual users, in order to save costs, should join a cooperation rather than acting on their own. However, a challenge for individuals when cooperating with others is that every member of the cooperation has to agree on how to allocate the common costs among members, otherwise the cooperation cannot be realised. Taken this issue into account, we ...

Stability of efficient networks is studied by applying cooperative game theory to a three-node system. Conditions are sought which ensure the existence of a core to the corresponding welfare game. I depart from existing literature by examining three cases that capture features common to communication and transportation industries: (i) nonseparable economies of network integration, (ii) realisti...

Colorado and Pennsylvania, like parallel universes, provide strikingly different examples of how external forces affect the evolution of oil and gas conservation jurisprudence originating from a common starting point. This jurisprudence includes both “Classical” oil and gas conservation—measures to prevent waste of the oil and gas resource, and “Values” oil and gas conservation—measures that ad...

Cooperation among automated agents is becoming increasingly important in various artificial intelligence applications. Coalitional (i.e., cooperative) game theory supplies conceptual and mathematical tools useful in the analysis of such interactions, and in particular in the achievement of stable outcomes among self-interested agents. Here, we study the minimal external subsidy required to stab...