Author Archives: Adam Bailey

Dynamic Optimisation: A Fully Worked Example

In a previous post, I referred to the importance in environmental and natural resource economics of the technique of dynamic optimisation, also known as optimal control.  However, the technique is difficult, and worked examples in textbooks or on the web … Continue reading

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Covid-19 and Household Size – An Update

An updated analysis of national data remains consistent with the hypothesis that Covid-19 infection rates are higher in larger households . In a post in May 2020 I presented the results of a regression analysis on data from 14 Western … Continue reading

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Housing Reform in England

Housing in England is under-supplied, resulting in high costs.  The government’s proposed reforms to address the problem are a step in the right direction but do not go nearly far enough. I don’t usually engage in autobiography, but it so … Continue reading

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Some Carbon Tax Scenarios

How does a competitive industry respond to an emissions tax in the short run and the long run?  What if the industry is a monopoly? In this post I bring together two standard pieces of microeconomic analysis: the effect of … Continue reading

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