I develop and structurally estimate an equilibrium model of the college market. Students, who are heterogeneous in both abilities and preferences, make college application decisions, subject to uncertainty and application costs. Colleges observe only noisy measures of student ability and set up...

Consider an exchange economy with multiple competitive equilibria. Agents know the set of equilibria, but not which will be selected. To insure against unfavorable equilibrium outcomes, they trade on markets for commodities contingent on the equilibrium price vector. Such price-contingent...

We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...

Motivated by a strong degree of hysteresis in the stock of monetization observed after the end of hyperinflations, I provide a cash-and-credit model in which the use of money exhibits some persistence because individuals can establish long-lasting credit relationships. This feature helps to...

We develop an OLG model aimed at explaining the joint determination of housing prices, rents, and interest rates, in an environment featuring a positive home ownership bias and individual borrowing limits that generate a mismatch between desired and available funds to finance housing purchases....

Dr. Mock began the session by paying tribute to Dr. Myron Dorfman, Professor of Petroleum Engineering at the University of Texas, who had just passed away after a protracted illness. Dr. Dorfman, more than other any individual, was responsible for bringing the geopressured-geothermal...

This paper describes the elements of Fluor Hanford's successful privatization of a major support services function. The privatization has accelerated the closure of the Department of Energy's Hanford Site by streamlining operations and using the realized cost savings to maintain the accelerated...

The economic development potential that wind power offers is often an overlooked aspect of today's wind power projects. Much has been written about how wind can spur economic development, but few have attempted to quantify these impacts. Using the National Renewable Energy Laboratory's (NREL's)...

The city of Susanville, in response to an unemployment rate exceeding 20 percent and other related community needs, has embarked on a comprehensive effort in community and economic development. To improve the local job market, an effort is underway to enhance the competitive position of the...

This document contains a business plan for the National Security Technology Incubator (NSTI), developed as part of the National Security Preparedness Project (NSPP) and performed under a Department of Energy (DOE)/National Nuclear Security Administration (NNSA) grant. This business plan...