Different regulatory bodies tend to develop environmental policies not recognizing the interdependencies between externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same activity. This study introduces a two-phase...

Negative production externalities have been the concern of many economic studies. In the case where the pollutants accumulate over time these studies are conducted within a dynamic framework. Besides the intertemporal aspect, the heterogeneity of space may be an important consideration for the...

In this paper we present a classroom exercise where students can solve the basic two-period consumer choice model using the Excel-Solver, and explore the main features of the model. We also include a static comparative analysis and a borrowing constraint in the optimization problem