Can subsidies promote Pareto-optimum coordination? We found that partially subsidizing the cooperative actions for two out of six players in a laboratory coordination game usually produced better coordination and higher total social welfare with both deterministic and stochastic payoffs. Not only were the subsidized players more likely to cooperate (choose the Pareto-optimum action), but the un...

This paper carries a deep analysis on the cost and economical attributes of green buildings, and points out that in order to promote the development of the green building market, the government should motivate the property developers by maintaining a balance in the profits among the project participants, apart from the necessary supervision and constraint. This paper defines all the parameters ...

We analyze a situation where a principal wants to induce two firms to produce an output, e.g. electricity from renewable energy sources. Firms can undertake non-contractible investments to reduce production cost of the output. Part of these investments spills over and also reduces production cost of the other firm. Comparing a general price subsidy and an innovation tournament, we find that the...

Fluoroquinolone antimicrobial drugs are highly bioavailable, broad-spectrum agents with activity against gram-negative pathogens, especially those resistant to other classes of antimicrobial drugs. Australia has restricted the use of quinolones in humans through its national pharmaceutical subsidy scheme; and, through regulation, has not permitted the use of quinolones in food-producing animals...

The focus of this paper is short-term policy options to address greenhouse gas emissions from personal automobiles. Primary policies considered include gasoline taxes, carbon taxes, a carbon cap-andtrade program, cost-shifting initiatives, and a pay-at-thepump auto insurance scheme are examined closely. Pay-at-the-pump auto insurance is recommended on the basis of cost effectiveness, equity, pu...

A government would like to subsidize an indivisible good. Consumers’ valuations of the good vary according to their wealth and benefits from the good. A subsidy scheme may be based on consumers’ wealth or benefit information. We translate a wealth-based policy to a benefit-based policy, and vice versa, and give a necessary and sufficient condition for the pair of policies to implement the same ...

A feed-in tariff system and a subsidy are often used to make households install photovoltaic (PV) systems for solar power generation. They both influence the economics of a household in deciding whether to install or not. The purpose of this study is to obtain information on how a PV-power price and a subsidy should be set to promote adoption of PV systems effectively and efficiently. The model...

This paper shows that subsidy can naturally emerge as part of the equilibrium strategy of an innovator of a cost-reducing innovation in a Cournot oligopoly when the innovator is endowed with combinations of upfront fee and royalty. It is further shown that there are robust regions where the social welfare is higher in subsidy-based licensing compared to the regime where licensing involving subs...

OBJECTIVE We examined sociodemographic trends in emergency department ED visits and postvisit health care for anxiety and stress disorders. METHODS Emergency department visits (N = 11,289) by children younger than 18 years were extracted from population-based administrative databases from Alberta, Canada (2002-2011). We examined health services use by demographics and socioeconomic proxy (Fir...

In face of gradual ecological deterioration, the Chinese government has been in search of more efficient and effective mitigation policies, aiming to promote the sustainability of livestock production. However, researchers and policy makers seem to neglect a key issue: pinpoint policies are the most important, which means niche targeting is the premise before any policy design, such that better...