The authors shed light on the original equipment manufacturer's strategic behavior in the duopoly aftermarket. The original equipment manufacturer, firm 1, captures via its foremarket price some fraction of the aftermarket consumer surplus, where that surplus is generated by consumption of its...

Exploited fish and shellfish stocks in European marine waters underlie the Common Fisheries Policy (CFP). The next round of reform of the CFP is due for completion in 2012. The exploitation at maximum sustainable yield (MSY) may be confirmed as the common environmental objective for good...

Our previous work argued that the official U.S. poverty definition is flawed because it ignores interest paid on household debt. When it was developed in the early 1960s, this was not a problem because U.S. households had little consumer debt. Today, most households have considerable consumer...

In this paper a dynamic model suitable for simulating real operating conditions of air-based photovoltaic thermal (PVT) systems is presented. The performance of the model is validated by using the operational data collected from the building integrated photovoltaic (PVT) systems installed in two...

Suppose a firm faces a “timing problem” in its capacity decision: it must acquire capacity, a strict upper bound on production, and set its price before quantity demanded for its product is known. The paper shows that the uncertainty capacity is greater than the certainty capacity when the...

This paper argues that interest on consumer debt must be taken into account when measuring poverty and inequality. These interest payments cannot be used to support household living standards. This makes middle- and low-income households worse off. Recent increases in consumer debt means that...

This paper investigates the growth and clustering of craft breweries in New Jersey. We compiled a historical dataset from 1995 to 2020 that allows us to measure the degree of geographic clustering among craft breweries in New Jersey. The number of craft breweries in New Jersey grew 491% from...