A theoretical model is developed addressing habit formation and time-inconsistent preferences in consumption of unhealthy foods. In particular, the effects of counseling in altering the consumption satiation point and lowering individual discount rates are investigated. The model highlights the...

This study incorporates Real Options to determine the conditions under which it would be profitable for a regional shipping company to consider CNG (Compressed Natural Gas) as opposed to conventional diesel for the heavy-duty truck fleets. Such analysis can avoid the shipping industry adopting...