Search results for "jel:Q3"
showing 10 items of 13 documents
On the Coincidence of the Feedback Nash and Stackelberg Equilibria in Economic Applications of Differential Games
2002
In this paper the scope of the applicability of the Stackelberg equilibrium concept in differential games is investigated. Firstly, conditions for obtaining the coincidence between the Stackelberg and Nash equilibria are defined in terms of the instantaneous pay-off function and the state equation of the game. Secondly, it is showed that for a class of differential games with state-interdependence both equilibria are identical independently of the player being the leader of the game. A survey of different economic models shows that this coincidence is going to occur for a good number of economic applications of differential games. This result appears because of the continuous-time setting i…
Strategic Vision of a Euro-Mediterranean Port City: A Case Study of Palermo
2013
Italian harbours assume a decisive role in order to develop a Euro-Mediterranean web for maritime transportation. The geostrategic position of the Italian peninsula can be seen as a logistic platform at the centre of the maritime trades in the Mediterranean area, giving to its port cities the role of gateway of economic flows. The port poles, meant as hubs, are able to attract investments and create economic growth and territorial development through new operative models of urban usage and management. The management policies have to consider the environmental characteristics and distinctive features, respecting the identity of the places as concrete evidence of history, a source of intellec…
Evaluating the Sustainability in Complex Agri-Food Systems: The SAEMETH Framework
2015
During the last few years, the definition of sustainability and the translation of its general principles into practical and operative tasks have come into the foreground of scientific research and political agendas throughout the world. The understanding and the evaluation of the environmental, social and economic performances of complex agricultural food systems is probably the real challenge, and the design of more sustainable alternatives has been recognized as necessary for a correct territorial management. This study’s primary goal is the proposition of an interpretive structure “Sustainable Agri-Food Evaluation Methodology” (SAEMETH), able to guide the evaluation of the sustainabilit…
Improving the sustainability of transportation: environmental and functional benefits of right-turn by pass lanes at roundabouts
2015
The functional performances of conventional roundabouts (single-lane and multi-lane) and innovative roundabouts (spiral, flower, C and turbo) can be improved through right-turn bypass lanes controlled by stop, yield or free-flow signs. The article presents evaluations of the emissions of air pollutants (carbon dioxide, nitrogen oxides, particle pollution (PM10 and PM2.5)), fuel consumption and construction, management, energetic and environmental costs in roundabouts without or with bypass lanes (controlled by stop, yield or free-flow). The suggested methodology has a general character and can be applied as a multi-parametric criterion for choosing road intersections, although, in the prese…
Economic and Financial Comparison between Organic and Conventional Farming in Sicilian Lemon Orchards
2015
Sicily has a long tradition in citrus fruit cultivations that with vineyard and olive tree represent the main Mediterranean tree crops. In this paper we have evaluated the economic and financial sustainability of lemon production, both in organic farming and in conventional farming
Process innovation objectives and management complementarities: patterns, drivers, co-adoption and performance effects
2012
[EN] The excessive concentration of the innovation literature on product development, its drivers and effects, has almost neglected an important strategy which develops and sustains a firm's competitive advantage: process development or innovation. This is an examination of process innovation as more than a mere dependent variable for predicting innovators. It provides insights into the poor attention that process innovation variable has received as an indicator of a firm's performance. In addition, the paper relates this process with the management innovation phenomenon. Using 8,977 firms from Spain through CIS data, findings suggest: (1) most process innovation performance is explained wi…
Fitting the Stocking Rate with Pastoral Resources to Manage and Preserve Mediterranean Forestlands: A Case Study
2015
Pasture practices have affected Mediterranean forest ecosystems for millennia, and they are still quite widespread in mountainous areas. Nevertheless, in the last decades, the stability of forest ecosystems has been jeopardized due to the abandonment of traditional agro-pastoral practices, so that the gradual reduction of open areas due to progressive succession processes has caused a high increase of grazing pressure by livestock and wild ungulates feeding on forest areas. This paper aims at showing a methodological approach for evaluating the effect of applying measures in order to improve the grazing value of grasslands and ecotonal patches and lower the grazing impact on native woodland…
Valuing the unmarketable: an ecological approach to the externalities estimate in fishing activities
2013
In a rapidly changing world, sustainability, if it can be said to exist at all, is concept that has attained mythic status, often pursued and rarely reached. In order to improve our capability to cope with environmental problems, adopting an Ecosystem Approach has been suggested. One of the major challenges in the implementation of this new paradigm relates to control of externalities. The recognition and quantification of externalities is often cast as valuing the unmarketable, and there are several approaches that have been proposed. Here, we analyze the opportunity to “feed” the economic valuation with ecological concepts. From an ecological perspective, the energy required to sustain a …
On Capturing Oil Rents with a National Excise Tax Revisited
2004
In this paper the scope of Bergstrom’s (1982) results is studied. Moreover, his analysis is extended assuming that extraction cost is directly related to accumulated extractions. For the case of a competitive market it is found that the optimal policy is a constant tariff if extraction is costless. However, with depletion effects, the optimal tariff must ultimately be decreasing. For the case of a monopolistic market the results depend crucially on the kind of strategies the importing country governments can play and on whether the monopolist chooses the price or extraction rate. For a price-setting monopolist it is shown that the importing countries cannot use a tariff to capture monopoly …
Sustainable Development and Technological Impact on CO 2 Reducing Conditions in Romania
2015
Climate change is a reality all over the world, and its complexity is increasing. Therefore, sustainability has become a national and international concern, ingrained in many organizational processes. The ability of organizations to respond to sustainability concerns is sometimes hindered by the complexity of integrating sustainability into business models and by the need to rethink their strategic directions. In Romania, sustainable development has become a priority for businesses, but even though companies are showing some concern, there are yet to demonstrate any full commitment (they are mainly concerned with areas such as society and the environment). This paper assesses Romania’s invo…