This papaer formulates a tenant management problem for a commercial retail real estate such as shopping center, provides an analytical framework for deriving the probability distribution of the sum of a discounted cash flow stochastically generated through the tenant management and finds an...

This paper describes the results of a field expedition work along the rivers Vakhsh and Pyandzh in Tajikistan and Afghanistan within the framework of a Joint Research Project: Investigation of natural resources of Central Asia and reconstruction of agriculture in Afghanistan, supported by the...

This paper includes the following parts: 1) "Vertical or Triangle? Local, regional and federal government in the Russian Federation after Law 131.", by Adrian Campbell, and 2) comments to the paper "Softness and hardness of the institutions in Russian ocal self-government" by Satoshi Mizobata,...

This paper studies a Monte Carlo algorithm for computing distributions of state variables when the underlying model is a Markov process. It is shown that the L1 error of the estimator always converges to zero with probability one, and often at a parametric rate. A related technique for computing...

The focus of this research is on the salt/metalliferous pollutants because of their extreme toxicity, carcinogenicity, wide distribution and slow biodegradation under the harsh arid/semiarid environments. The extent of pollution of surface water and plants by various contents of salts, traces of...

In Uzbekistan, the integration of crops and livestock, and the use of manure as fertilizer, are traditional practices and is the basis of the farming systems, especially at smallholder level. Nowadays local farmers prefer to use traditional and low-cost technologies for recycling the livestock...

This paper considers an exchange economy under uncertainty with asymmetric information. Uncertainty is represented by multiple priors and posteriors of agents who have either Bewley's incomplete preferences or Gilboa-Schmeidler's maximin expected utility preferences. The main results...

I estimate the demand system using Japanese husehold survey data, and calculate the cost of living index (COLI). In the recent zero- inflation situation, the CPI understates the COLI, while there are upward biases in the CPI during 1980's in Japan.

We develop a simple two-country model of international trade in which the transportation cost between countries is endogenously determined by decisions concerning capacity and price (road toll, rail fare) of infrastructure. We evaluate alternative regimes of pricing and investment, i.e., free...