Purpose - The main purpose of this paper is to investigate the dynamic behavior of a bounded rational monopolist with a general nonlinear demand and quadratic cost functions reflecting diseconomies of scales. Design/methodology/approach - We suppose that locally the monopoly firm uses a gradient...

This 1989 article in Foreign Policy -- of considerable interest from an historical point of view -- is one of the first systematically to outline the causes and effects of impending climate change. Among other policy measures, the article argues for new international agreements in order to...