Oligopoly models where firms and other agents take prior actions that subsequently affect the marginal costs have long been useful in illuminating policy debates with respect to antitrust regulation, environmental protection, and international competition. In this paper we illustrate the...

It is widely accepted that decentralized control of local pollution is inefficient if the central and the local authorities are imperfectly informed. This paper shows how the central authority can introduce a flexible grant-in-aid system that induces the local authority to use a weighted...

In this paper we examine cross-subsidisation among combined heat and power producers in Denmark. Information on stand-alone costs for heat generation allows us to empirically compare the Faulhaber tests, tests with an upper bound on stand-alone costs (the Palmer tests) and the fully distributed...

Impacts of complex emergencies or relief interventions have often been evaluated by absolute mortality compared to international standardized mortality rates. A better evaluation would be to compare with local baseline mortality of the affected populations. A projection of population-based...

Data Envelopment Analysis (DEA) evaluates the relative efficiency of decision-making units (DMUs) but does not allow for a ranking of the efficient units themselves. A modified version of DEA based upon comparison of efficient DMUs relative to a reference technology spanned by all other units is...

The empirical sports economics literature finds that, seemingly inconsistent with rational behavior, sports teams price in the inelastic part of the demand curve. This paper shows that this pricing strategy may in fact be consistent with the rational behavior of a risk averse sports team. To...