Related papers: Ambitious forest biodiversity conservation under s…
Climate adaptation could yield significant benefits. However, the uncertainty of which future climate scenarios will occur decreases the feasibility of proactively adapting. Climate adaptation projects could be underwritten by benefits paid…
In this paper we employ a lifecycle model that uses utility of consumption and bequest to determine an optimal Deferred Income Annuity (DIA) purchase policy. We lay out a mathematical framework to formalize the optimization process. The…
Public goods are often either over-consumed in the absence of regulatory mechanisms, or remain completely unused, as in the Covid-19 pandemic, where social distance constraints are enforced to limit the number of people who can share public…
We design a fixed-price auction mechanism for a seller to sell multiple items in a tree-structured market. The buyers have independently drawn valuation from a uniform distribution, and the seller would like to incentivize buyers to invite…
Worldwide, we are experiencing an unprecedented, accelerated loss of biodiversity triggered by a bundle of anthropogenic threats such as habitat destruction, environmental pollution and climate change. Despite all efforts of the European…
As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns…
This paper undertakes an analysis of deforestation in the Amazon area using a pathways-based approach to sustainability. We ground the analysis primarily in the sustainability transitions literature but also draw a bridge with…
Primary law of the European Union demands that the allocation of the seats of the European Parliament between the Member States must obey the principle of degressive proportionality. The principle embodies the political aim that the more…
This paper designs a market algorithm for fractional ownership of an indivisible asset. It provides an efficient market mechanism, named Direct Fractional Auction (DFA) that offers valuable assets to both small and large investors who can…
Distributed energy resources (DERs), such as rooftop solar panels, are growing rapidly and are reshaping power systems. To promote DERs, feed-in-tariff (FIT) is usually adopted by utilities to pay DER owners certain fixed rates for…
Assessing the costs of climate change is essential to finding efficient pathways for the transition to a net-zero emissions economy, which is necessary to stabilise global temperatures at any level. In evaluating the benefits and costs of…
Two strategies for boreal forestry with goodwill in estate capitalization are introduced. A strategy focusing on Real Estate (RE) is financially superior to Timber Sales (TS). The feasibility of the RE requires the presence of forest land…
In this paper, we extend a class of globally convergent evolution strategies to handle general constrained optimization problems. The proposed framework handles relaxable constraints using a merit function approach combined with a specific…
We estimate the impact of environmental law enforcement on violence in the Brazilian Amazon. The introduction of the Real-Time Deforestation Detection System (DETER), which enabled the government to monitor deforestation in real time and…
As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns…
Market-based conservation instruments, such as payments, auctions or tradable permits, are environmental policies that create financial incentives for landowners to engage in voluntary conservation on their land. But what if ecological…
We design approximate weakly group strategy-proof mechanisms for resource reallocation problems using Milgrom and Segal's deferred acceptance auction framework: the radio spectrum and network bandwidth reallocation problems in the…
The Paris Agreement, considered a significant milestone in climate negotiations, has faced challenges in effectively addressing climate change due to the unconditional nature of most Nationally Determined Contributions (NDCs). This has…
This paper proposes a novel framework to price energy storage in economic dispatch with a social welfare maximization objective. This framework can be utilized by power system operators to generate default bids for storage or to benchmark…
Financial incentives encourage the plantation of new woodland to increase habitat, biodiversity, carbon sequestration, as a contribution to meeting climate change and biodiversity conservation targets. Whilst these are largely positive…