The probability distribution of the internal rate of return of an investment is derived under conditions where uncertainty in costs and returns can be described by a multi-variate normal distribution. The paper sketches the derivation of the exact probability distribution for the rate of return...

Two computable general equilibrium models, one global and the other providing U.S. regional detail, are applied to analysis of the future of U.S. natural gas. The focus is on uncertainties including the scale and cost of gas resources, the costs of competing technologies, the pattern of...

Frontmatter -- PREFACE -- CONTENTS -- 1 WASTE DISPOSAL IN NATURAL WATERWAYS / Thomas, Harold A. -- 2 CONCEPTUAL MODEL OF A REGIONAL WATER QUALITY AUTHORITY / Dorfman, Robert -- 3 AN ILLUSTRATIVE MODEL OF RIVER BASIN POLLUTION CONTROL / Dorfman, Robert / Jacoby, Henry D. -- 4 MUNICIPAL EVALUATION...

The MIT Emissions Prediction and Policy Analysis model is applied to synthetic policies that match key attributes of a set of cap-and-trade proposals being considered by the U.S. Congress in spring 2007. The bills fall into two groups: one specifies emissions reductions of 50% to 80% below 1990...