The point of departure of this work is the lack of coordination of european environmental internalizing policies. At the national level, while the water authority generally has to internalize the negative externalities of water extraction, the agricultural one aims at encouraging environmentally friendly one. More locally, considering an aquifer as being the only vector of environmental effects...

Collaborative policy making has been an increasingly popular method of solving use conflicts on public lands. Representatives of interested groups are authorized to negotiate land use policy in the shadow of a government imposed backstop policy. This process can be modeled using cooperative game theory over multiple goods in an Edgeworth Box framework, and its outcomes predicted using axiomatic...

We study a dynamic model of information provision. A state of nature evolves according to a Markov chain. An informed advisor decides how much information to provide to an uninformed decision maker, so as to influence his short-term decisions. We deal with a stylized class of situations, in which the decision maker has a risky action and a safe action, and the payoff to the advisor only depends...

This paper proposes a model of a cruising taxicab industry under laissez faire pricing and free entry, and compares it with alternative regimes including collusive fare setting, collusive restrictions on entry, or both. In the model, under laissez faire, prices are determined by Nash bargaining with complete information and lie above marginal costs. Under laissez faire pricing and free entry th...

This paper studies some effects of real time information for the implementation of monetary policy. We consider an economy in which several sources of uncertainty, such as measurement errors and imperfectly observable states, do not allow the policy maker to identify the true state of the economy. Optimal policy thus requires the policy maker to jointly solve a filtering and an optimization pro...

We consider a two-player partial-information game on a Markov chain, where each player attempts to minimize its own cost over a finite time horizon. We show that this game has always a Nash equilibrium in stochastic behavioral policies. The technique used to prove this result is constructive but has severe limitations because it involves solving an extremely large bi-matrix game. To alleviate t...

In the present work we deal with the concept of alpha-fair resource allocation in the situation where the decision maker (in our case, the base station) does not have complete information about environment. Namely, we develop a concept of α-fairness under uncertainty to allocate power resource in the presence of a jammer under two types of uncertainty: (a) the decision maker does not have compl...