One of the most important concerns facing Taiwan is lack of energy security. The study examines to what extent the Taiwan energy security can be enhanced through bioenergy production and how bioenergy affects net greenhouse gases emissions. Ethanol, conventional bioelectricity and pyrolysis...

This paper proposes a non-radial Malmquist CO2 emission performance index (NMCPI) for measuring dynamic changes in total-factor CO2 emission performance over time. This index enables the consideration of non-radial slacks in the conventional Malmquist CO2 emission index (MCPI). The NMCPI is...

Agriculture is the least profitable industry in China. However, even with large financial subsidies from the government, farmers’ living standards have had no significant impact so far due to the historical, geographical, climatic factors. The study examines and quantifies the net economic and...

This paper studies equilibria of second price auctions in independent private value envi- ronments with different participation costs. Two types of equilibria are identified: monotonic equilibria in which a bidder with a lower participation cost results in a lower cutoff for sub- mitting a bid,...

This paper characterizes the equilibria of first price auctions with participation costs in the independent private values environment. Bidders use cutoff strategies to decide whether they will participate in the auction. It is shown that, when bidders are homogeneous, there always exists a...

This paper studies equilibria of second price auctions when values and participation costs are both privation information and are drawn from general distribution functions. We consider the existence and uniqueness of equilibrium. It is shown that there always exists an equilibrium for this...