A theory-based participation model is developed using the assumptions of perfect capital markets and perfect information. Given this specification it is shown that participation in a PDR program is always equivalent in present value terms to selling the land, and is always at least as good as...

There is increasing evidence that research funding sources are requiring additional assurances that the expenditure of their resources is in the "highest and best use." Legislative calls for sunset provisions and mandated evaluations plus administrative moves toward grant rather than formula...

Costs involved in double-bottoms (tandem trailers) and TOFC (trailer-on-flatcar; piggyback) were modeled and compared with conventional over-the-road transport of bulk milk from northern Vermont in single trailers. Both modes were found to be both cost-effective and fuel-sparing alternatives to...