We have analyzed the question whether or not limit-pricing behavior can be viewed as a strategy, which survives the replicator dynamics in a game in which firms change strategies through imitation. Our results show that, regardless of the proportion of low cost incumbents in the population,...

This study addresses the effectiveness of using pricing mechanisms, government-imposed constraints, or a hybrid, as a means of rationing municipal water. We try to test which policies would be most accepted among rural and urban communities in a semi-arid region of Texas that depend on both...