This note addresses the following hitherto unstudied question in rangeland management: What is the steady state distribution of livestock animals for rangelands that are managed using short duration grazing? This paper uses the theory of alternating renewal processes to answer this question and...

Recently, Batabyal and Yoo (2004) have used a queuing model with two types of citizens (high and low opportunity cost of time) to compute mean wait times in queue for the so called non-preemptive corruption regime. The purpose of this note is to extend the Batabyal and Yoo (2004) analysis....

What are the nexuses between corruption, bribery, and wait times in the public allocation of goods in developing countries? This question has received scant attention in the literature. Consequently, we use queuing theory to analyze models in which a good is allocated publicly, first in a...

The quasi-option value (QOV) literature originated by Arrow and Fisher (1974) and by Henry (1974) is largely concerned with the analysis of two-period models of land development. Our paper extends this literature by analyzing two scenarios in which the decision to develop land is made in a...

In this paper, we conduct a theoretical analysis of inspections in a stochastic environment and we shed light on two hitherto unstudied issues concerning inspections in the context of invasive species management. First, given a particular port of entry in a country, we study the properties of a...

The literature on leading and lagging regions has paid scant attention to how heterogeneity between the two regions impacts the provision of a public good. Given this lacuna, our contribution is to construct a game-theoretic model of an aggregate economy consisting of a leading and a lagging...