In this model, well-being depends on leisure, on an environmental renewable resource, and on a non-storable output, which can substitute for the environmental resource or can satisfy needs different ...

Externalities are the incidental effects that the activities or actions of one party have on another party. Positive externalities occur when the actions of a person or entity have a positive impact ...

Theoretical and Empirical Researches in Urban Management, Vol. 13, No. 3 (August 2018), pp. 5-24 (20 pages) India’s current haphazard unplanned urbanization has brought in its wake myriad problems ...

BP's (British Petroleum) oil leak off the coast of Louisiana raises a great number of issues that are relevant from an economic point of view: Firstly it is difficult to estimate what is the actual ...

BACK in the 1980s the most annoying thing about walking into a guitar store was the certainty that some long-haired guy would be sitting in the back with a Stratocaster playing "Eruption". These days ...