trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … still cannot explain the the holding and valuation of money. Using the concept of team-production of Alchian and Demsetz and … purchasing power from a team-production contract can enhance output and consumption. This conclusion motivates an original …

This thesis applies innovative methods to the efficiency and productivity analysis of the Australian banking system … on industry productivity and the changing nature of banking and the role of risk in measuring bank value-added. The … latter leads to the construction of a new bank production model, emphasising risk management as part of a bank?s value …

relationships even when firms face no risk of bankruptcy, in order to continue extracting surplus from the firms over multiple … does not play a role in the choice of corporate governance mechanisms.In the last chapter, "Effort, Risk and Walkaway under … drive a fund manager’s effort and risk choices aswell as walkaway decisions by both the fund manager and the investor …

the form of decreased grid congestion, improved system reliability, market efficiency, price stabilization, hedging … against volatile fuel prices and reduced environmental impacts of energy production. This report describes the various types …

/or efficiency criteria. In Washington State, neither standard power purchase prices based upon a proxy ''avoided plant'', standard … firm energy production, guarantees, ability to schedule maintenance or downtime, rights of refusal, power plant purchase … treatment facility digester gas-to-energy projects with 5 MW of electrical production have come on-line (or are in the final …

has been extremely fruitful in identifying potential efficiency upgrades and implementing clean technology in the supply … promotes energy efficiency as an alternative to increasing electricity supply. It uses financial or other incentives to slow … efficiency projects by creating a market where savings are valued. Under this scheme, greenhouse gas (GHG) emissions associated …

testing. The plant is designed to process 2000 tons per day of dry wood to methanol. Plant production is 997 tons per day of … basis. Methanol production costs which allow for return on capital have been calculated for various wood prices for both … production costs are respectively $.45, $.48, $.55, and $.69 per gallon for wood costs of $5, $10, $20, and $40 per dry ton. For …

. Although the electric-only efficiency of DG is lower than that of central-station production, relatively high tariff rates and … proceed in a sequential manner with DG capacity and HX investment in order to reduce its exposure to risk from natural gas …