Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

After the Kyoto agreements the need has arisen to trace the implications of various international environmental strategies. In this paper, we discuss relevant modelling issues of incorporating important environmental policy measures in one of the popular applied general equilibrium models for...

Price elasticities of transport demand are an important tool to assess the impacts of pricing policies. Empirical research on these elasticities leads to a rather wide range of outcomes. There is obviously a need for a more rigorous methodological framework. This paper provides a new integrative...

Price elasticities of transport demand are an important tool toassess the impacts of pricing policies. Empirical research on these elasticitiesleads to a rather wide range of outcomes. There is obviously a need for a morerigorous methodological framework. This paper provides a new...

After the Kyoto agreements the need has arisen to trace the implications ofvarious international environmentalstrategies. In this paper, we discuss relevant modelling issues ofincorporating important environmental policy measures in one ofthe popular applied general equilibrium models for...

This discussion paper led to a publication in <A href="http://www.sciencedirect.com/science/article/pii/S0095069611001380">'Journal of Environmental Economics and Management'</A>.<p>Water markets with market power are analysed as multi-market Cournot competition in which the river structure constrains access to local markets and limited resources impose capacity constraints....</p></a>

We study antitrust enforcement in which the fine must obey four legal principles: punishments should fit the crime, proportionality, bankruptcy considerations, and minimum fines. We integrate these legal principles into an infinitely-repeated oligopoly model. Bankruptcy considerations ensure...

See also 'Counter Intuitive Results in a Simple Model of Wage Bargaining' in <I>Economic Theory</I> (2001). Volume 17, p. 81-99).<P> Short-term contracts and exogenous productivity growth are introduced in asimple wage bargaining model. The equilibrium utilities corresponding tomilitant union behaviour...</p></i>

We analyze how leniency affects cartel pricing in an infinitely-repeated oligopoly model where the fine rates are linked to illegal gains and detection probabilities depend on the degree of collusion. A novel aspect of this study is that we focus on the worst possible outcome. We investigate the...