Emission trading schemes such as the European Union Emissions Trading System (EUETS) attempt to reconcile economic efficiency with ecological efficiency by creating financial incentives for companies to invest in climate-friendly innovations. Using real options methodology, we demonstrate that...

In this paper, we study how an informal, long-term relationship between a manufacturer and a retailer performs in turbulent market environments characterized by uncertain demand. We show that the long-term partnership based on repeated interaction is sustainable under price-only contracts when...

Following the original interpretation of the Shapley value (Shapley, 1953a) as a priori evaluation of the prospects of a player in a multi-person iteraction situation, we propose a group value, which we call the Shapley group value, as a priori evaluation of the prospects of a group of players...

Game theory was used to analyze the extraction behavior of fishermen around the Southern Sonkhla Lake in Southern Thailand. The field experiments were designed based on the concept of non-cooperative game theory for investigating fishermen’s behavior in response to four management policy...

Carbon leakage and competitiveness concerns are some of the main reasons why an international environmental agreement is lacking to fight climate change. Many studies discussed the adoption of a border tax adjustment (BTA) to allow countries that would like to implement a carbon tax to level the...

The single-agent smash and grab problem take the form Max_xU(x).h(x). The agent selects a target value (how much to grab). The probability that he will receive (get away with) x is h(x), the cumulative probability distribution of the maximum achievable level of x. Generalizations are developed...

Students of comparative politics have long faced a vexing dilemma: how can social scientists draw broad, applicable principles of political order from specific historical examples? In Analytic Narratives, five senior scholars offer a new and ambitious methodological response to this important...

This paper studies a pricing and production problem in a dual-channel supply chain when production costs are disrupted. When a production cost disruption occurs, the original production plan which is designed based on the initially estimated production cost needs to be revised. It is necessary...

Some distinguished types of voters, as vetoes, passers or nulls, as well as some others, play a significant role in voting systems because they are either the most powerful or the least powerful voters in the game independently of the measure used to evaluate power. In this paper we are...

This paper discusses and extends some competitive aspects of the games proposed in an earlier work, where a robust railway network design problem was proposed as a non-cooperative zero-sum game in normal form between a designer/operator and an attacker. Due to the importance of the order of play...