This paper examines the desirability of allowing a monopolist to determine the market price. The author finds that none of the regulatory mechanisms previously discussed in the "price versus quantities" literature strictly dominates unregulated, monopoly price-setting. Furthermore, despite...

Price controls under variable or uncertain market conditions do not lead to market equilibrium. Under different assumptions for the rationing mechanism during shortages and surpluses, I find, assuming small market shocks, that the optimal regulated price can be related in a simple way to the...

We analyze the policy issue of medical marijuana to illustrate how key virtues of federalism can be used to make a threshold determination as to whether a particular public policy should be subject to federal regulation or reserved for states. When the substantive merits of the policy issue are...

An effective semi-continuous process was developed to grow a locally isolated green microalga Chlorella sp. on acidogenically digested swine wastewater in bench scale for improved algal biomass production and waste nutrient removal using central composite design (CCD). The influences of two key...

Microwave-Assisted Pyrolysis (MAP) is a highly scalable process that has the potential to realize the Distributed Biomass Energy Production System (DBEPS) concept. This study was to illustrate the heating properties of MAP when applied to biomass, and to demonstrate the feasibility of...

Using wastewater to grow algae is probably the most promising route to reduce production costs associated with nutrients and water. In this study, a newly isolated facultative heterotrophic freshwater microalgae strain, Auxenochlorella protothecoides UMN280, was examined for algal growth,...

The potential of algae-based biofuels to replace petroleum fuels and mitigate greenhouse gas production through microalgal photosynthesis has long been recognized. However, currently there are no commercial algae-to-fuels technologies that can overcome techno-economic barriers and address...

Efficiency wage considerations should be less important for piece-rate pay than for time wages. Therefore, if industry wage differentials reflect efficiency wage factors, then these pay differences should be less sizable and have less explanatory power for piecework than for timework. We test...