This paper applies a bioeconomic model in order to study different interactions between a harvested renewable resource and a non-renewable resource without commercial value that is negatively affected by the harvesting activity. This enables the analysis of for instance cold water coral habitats and their importance to commercial fish species. The fish is harvested either in a manner that does ...

The paper presents a simple three-region, two-sector general equilibrium model that is used for analysing the effect of regional tax policies. The model includes exogenous asymmetry in terms of transport costs as well as a vertical industry structure that can account for endogenous location development in order to distinguish between the effect of ‘first nature’ and ‘second nature’ on the required ...

This paper studies how a separation of ownership and management affects a firm’s incentives to transfer knowledge about technology to a rival in a Cournot duopoly. We consider a three-stage strategic delegation game, where there are two technologies available; one with increasing returns to scale and the other with constant returns to scale. Whilst the former is known to both firms, only the ...

The early literature on research contests stressed the advantages of a fixed prize in inspiring R&D effort. More recently the focus has moved towards endogenizing the rewards to research activity in these tournament settings, since this can induce extra effort or enhance the surplus of the buyer. We focus on a research contest as a means of selecting a partner for an R&D enterprise, in an ...

The macroeconomic growth equation based on the translog aggregate production function is derived and compared to the growth equation based on Cobb-Douglas both with and without human capital. The model is estimated directly in structural form, using international panel data. Results are compared to the Cobb-Douglas case and a conventional fixed effect model.

Models of sequential bargaining under asymmetric information often exhibit equilibria which are characterised by the fact that agreement is reached only with a delay and that the final (period) solution is ex ante inefficient. The latter means that agreement is not reached though it is efficient (aggregate pay off exceeds aggregate costs). In this paper we analyse how intervention by a third ...

A static bioeconomic model of a marine reserve is introduced, allowing asymmetric density dependent migration between the reserve and the fishable area. This allows for habitat or ecosystem differences within and outside a reserve not described in earlier studies. Four scenarios are studied; a) maximum harvest, b) maximum current profit, c) open access and d) maximum sustainable yield (MSY) in ...

We consider sequential bargaining between three firms that are all essential in creating a surplus. One of the firms is dominant in the sense that it ultimately decides whether the surplus will be created. The other firms have an incentive to get a large share of the pie for themselves, but leaving enough for the dominant firm that it finds it profitable to create the surplus. Hence, the smaller ...

This paper analyses the economics of pest and nuisance relating to wild animals. It studies stylised models where wild animals represent a direct nuisance to agricultural production through grazing and crop damage. Such damage is particularly relevant in poor rural communities, where people are dependent on livestock and crop production and at the same time are living close to nature and wildlife. ...