Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties deciding the allocation to a public good each period. Parties place different values on the public good, but these values may change over time. We model a budgetary institution as the...

Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these values may change over time. We model a budgetary institution...

<Para ID="Par1">We introduce a “nestedness” relation for a general class of sender–receiver games and compare equilibrium properties, in particular the amount of information transmitted, across games that are nested. Roughly, game <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$B$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>B</mi> </math> </EquationSource> </InlineEquation> is nested in game <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$A$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>A</mi> </math> </EquationSource> </InlineEquation> if the players’ optimal...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation></para>

Do elementary statistics or equilibrium theory deliver any insight regarding how we should argue in debates? We provide an answer in a model in which each discussant wants to convince the audience that a specific state holds. If the discussants' payoffs in the audience's posterior are concave...

The innovative motor uses seawater pressure energy, a green and renewable energy, to drive the underwater equipment. In this paper, the motor is employed in a seafloor sediment corer and drives the corer to operate as a pile-driver. The structure and working principles of the motor are briefly...

Waste heat recovery has been commonly accepted as an efficient, clean, reliable, and promising approach to increase the utilization efficiency of primary energy and reduce the pollutant emissions. A RNGCS (retrofitted natural gas-based cogeneration system), in which domestic hot water is heated...

A multiperiod mixed-integer linear programming (MILP) model for the operational planning of steam power system (SPS) is presented. The objective of the model is to simultaneously minimize the total economic cost and environmental impact. The environmental impact in the present approach is...

Complex turbines with multiple controlled and/or uncontrolled extractions are popularly used in the processing industry and cogeneration plants to provide steam of different levels, electric power, and driving power. To characterize thermodynamic behavior under varying conditions, nonlinear...

Heat Integration, an effective energy-saving technology, has been popularized in many fields. In the current paper, Pinch-based Heat Integration technology is applied in the Heat Integration of process surplus heat (PSH) and regenerative Rankine cycle (RRC)-based steam power plant. PSH is...

The three-dimensional energy resources demand-supply system is established for two regions of China, in which determination of unknown parameters is significant for the real energy resources demand-supply system. In this paper, based on Shanghai’s energy statistic data (1999–2005), the...