The n total consumers in the market for a particular good are made up of b brown and g green consumers so that b g=n. The b brown (g green) consumers are not (are) environmentally conscious and hence they prefer to buy a new (remanufactured) good denoted by N and R respectively. By strategically...

We analyze the activities of an entrepreneur who must, at each date, decide whether to search for a new production technique or to produce output with an extant technique. Our analysis leads to four results. First, we show that if our entrepreneur rejects a particular production technique at a...

In this note, we analyze a simple auction mechanism for locating noxious facilities such as hazardous waste dumps, prisons, and trash disposal plants. Specifically, we first delineate the details of our auction mechanism. Next, we solve for the symmetric equilibrium of this auction. Finally, we...

We analyze the activities of an entrepreneur who must, at each date, decide whether to search for a new production technique or to produce output with an extant technique. Our analysis leads to four results. First, we show that if our entrepreneur rejects a particular production technique at a...

In this note, we analyze a simple auction mechanism for locating noxious facilities such as hazardous waste dumps, prisons, and trash disposal plants. Specifically, we first delineate the details of our auction mechanism. Next, we solve for the symmetric equilibrium of this auction. Finally, we...