In recent years, a debate has ensued regarding the role of long-term power purchase agreements for securing investments in power generation capacity in organized wholesale markets. This thesis illuminates the issues surrounding the debate and provides a framework for understanding the nature and...

Several recent studies establish that crude oil and natural gas prices are cointegrated. Yet at times in the past, and very powerfully in the last two years, many voices have noted that the two prices series appear to have “decoupled”. We explore the apparent contradiction between these two...

Several recent studies establish that crude oil and natural gas prices are cointegrated. Yet at times in the past, and very powerfully in the last two years, many voices have noted that the two price series appear to have “decoupled”. We explore the apparent contradiction between these two...

Several recent studies establish that crude oil and natural gas prices are cointegrated, so that changes in the price of oil appear to translate into changes in the price of natural gas. Yet at times in the past, and very powerfully in the last two years, many voices have noted that the two...

This thesis uses an innovative approach to explore the much-analyzed U.S. Healthcare system. To be sure, we are fully aware of the challenges involved in making robust system level policy recommendations and how local inefficiencies and hidden uncertainties undermine attempts proposing sweeping...

Sales of services are becoming a major source of revenues across industries. The shift towards services has been exacerbated as human capital has gained in importance in the "knowledge economy." And yet, products businesses have historically attracted, and are still attracting, most of the...

The demand for spectrum resources has increased in the past decade due to the flourishing wireless industry worldwide. This change requires Japan's Ministry of Internal Affairs and Communications (MIC) to establish a transparent, fair and efficient spectrum allocation process that will enable it...

In the traditional approach, spacecraft are tailored to each mission and are associated with high risks and costs and long cycles. Moreover, once launched, their flexibility remains limited. The concept of spacecraft fractionation could enable manufacturers and users to decrease these risks and...

This thesis studies the application of project finance as the most efficient financing method for the construction and operation of infrastructure projects such as motorways, airports, power plants, pipelines, wastewater/sewage plants, dams, landline or cellular networks, and natural resources...