Competitive versus efficient extraction of a common property resource: The groundwater case

Article Abstract:

The article shows that when social competition for the groundwater reserves, or the size of the storage capacity is increased, private exploitation of the aquifer becomes inefficient. And when the potential benefits of regulation are small, it is not advisable to regulate the resource.

Administration of Air and Water Resource and Solid Waste Management Programs, Water Use, Usage, Measurement, Aquifers, Differential equations, Linear, Linear differential equations

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Evolving market structure: An ACE model of price disperson and loyalty

Article Abstract:

The price and loyalty events in the Marseilles fish market are examined using the agent-based computational model. It is found that buyer loyalty brings reduced prices; buyers gravitate to quality product; and sellers reduce prices for loyal buyers.

Meat and fish markets, Meat & Sea Food Markets, Specialty Food Stores, Prices and rates, Grocery stores, Fish industry, Fisheries

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On learning to forecast in an endogenous growth model with externalities

Article Abstract:

This is an investigation of learning as leading to perfect foresight in an economic model and how the combination of parameters for which these fluctuations appear may differ in each economy.

Forecasting, Research, Models, Learning, Economic forecasting, Business forecasting, Teaching models

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