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A unique integrated modelling system has been developed and applied for environmental assessment studies in connection with the Gabcikovo hydropower scheme along the Danube. The modelling system integrates model codes for describing the reservoir (2D flow, eutrophication, sediment transport),...
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The principle of converting solar energy directly into electricity is now practically feasible. In order to obtain a reliable source of power from such an intermittent power supply as the sun, some form of storage is necessary. Several methods of storage are reviewed. The particular advantages...
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This paper extends the existing research on real estate investment trust (REIT) operating efficiencies. We estimate a stochastic-frontier, panel-data model specifying a translog cost function, covering 1995-2003. The results disagree with previous research in that we find little evidence of...
Persistent link: https://www.econbiz.de/10005251957
Recent research efforts concerning the capitalization of low-rate, seller-supplied financing have employed hedonic pricing models that may produce biased estimates of the capitalization process. The bias results when properties sold with owner financing are included in the researcher's sample....
Persistent link: https://www.econbiz.de/10005309975
This note reexamines the role of the loan-to-value ratio on mortgage risk. Whereas previous studies have focused on the default rate as a function of this term, this study considers the additional effect on the loss rate of defaulted loans. Because the dollar loss per amount originated is the...
Persistent link: https://www.econbiz.de/10005310022
"We present evidence that accurate estimates of the labor-earning/employer-provided health insurance trade-off must account for two different effects: the heterogeneity of jobs and the endogeneity of health insurance. The size of the trade-off depends on employees' contribution to premiums,...
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