We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non-cooperative game in which an environmental event impacts the renewability and the quality of the resource, we show that the anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the renewability induces the agents to ext...

The question of how to minimize monetary cost while meeting basic nutrient requirements (a subsistence diet) was posed by George Stigler in 1945. The problem, known as Stigler's diet problem, was famously solved using the simplex algorithm. Today, we are not only concerned with the monetary cost of food, but also the environmental cost. Efforts to quantify environmental impacts led to the devel...

The major purpose of this study was to examine the advantages and implications of biogastechnology in the agriculture sector. Biogas is one of many biomass energy sources, which includeanything that was once alive and that can generate energy (except for fossil fuels, which are notrenewable). To talk of biogas is to talk of agriculture, since biogas generation starts withagricultural waste prod...

Integrated – economic, environmental, and social – assessment tools can provide a clear indication of both the positive and the negative impacts of trade liberalisation from which effective policies to reduce the negative impacts, and strengthen the positive ones can be developed. Assessments feeding into the policy development process can promote increased integration of environmental and soci...

Regulatory agencies, including the U.S. Environmental Protection Agency (US EPA) and state authorities like the California Air Resources Board (CARB), have sought to address the concerns of environmental justice (EJ) advocates who argue that chemical-by-chemical and source-specific assessments of potential health risks of environmental hazards do not reflect the multiple environmental and socia...