In simple, two period models of the development of land, K. Arrow and A. Fisher, and C. Henry have shown that when the decision to develop is (i) irreversible, and (ii) indivisible, a land developer who disregards the possibility of acquiring new information about the result of land development...

I propose a queuing theoretic research agenda for studying five questions about the effects that alternate invasive species control regulations have on consumers and producers in a nation such as the USA. The five questions are as follows. First, when can one justify a trade ban as an effective...

The extant literature has paid scant theoretical attention to the tripartite interaction between increasing environmental regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on this capital stock improvement decision. Hence, we...

We analyze a two-period signaling model in which a representative entrepreneur in a regional economy has a project that generates a random cash flow and that requires investment that the entrepreneur raises from a competitive market. The project's type is known to the entrepreneur but not to the...

Goods for which demand greatly exceeds supply are frequently allocated to citizens using queuing mechanisms. However, violence can occur either when queues are very long or when large numbers of citizens are not provided goods being allocated with queuing mechanisms. Hence, we use the theory of...

We study the effects of learning by doing resulting from the production of a final good on economic growth in a region that is creative in the sense of Richard Florida. Firms in this region use creative and physical capital to produce output. We model learning by doing formally and our analysis...