This paper extends a model by Ehrhart et al (2008) which examines duopoly under the EU Emission Trading Scheme, analyzing the effectof emissions permit price changes on firm profits. While their model assumes no initial allocation of permits to firms, the extension presented here incorporates...

The biofuel industry in the US has experienced rapid growth in recent years, in part fueled by government incentives, which has led several academics to conduct cost-benefit analyses on biofuels. In this paper, I focus in on the issue of changes in land and fertilizer use as a cost of increasing...

The main focus of this paper is to analyze whether a country-specific commodity price index and a food production index have strong explanatory power on determining the volume of United States foreign food aid flows to low-income countries. The study uses panel data for seventy-six countries...

This is an industrial organization study of the Indian IT industry. It specifically examines the software and IT services sectors. There will be limited focus on the domestic IT industry and on the hardware sector. This is because the industry is export focused, and also because the hardware...

This paper investigates the consistency with which people exhibit chance-taking behavior. By looking at the relationship between individuals’ gambling choices and their choices regarding fast-food consumption, junk-food consumption, exercise habits, video-game and computer-game playing, as...

I argue that household specialization and investment in firm-specific human capital explainthe male marriage premium. First I develop a model of human capital in which to-be-married men invest in human capital over two rounds. The promise of high returns to the second round of investment...

Previous literature studying happiness, or subjective well-being, has mainly analyzedhappiness in relation to income. However, such an approach is incomplete, as assets and debtprovide additional information related to an individual’s economic well-being. The purpose ofthis thesis is to...

This study will investigate several variables that affect the hotel industry cycle across the time line. These benchmarks include average daily rates (ADR), revenue per available room (REVPAR), occupancy rates (percentages), supply of rooms, and economic indicators. Since New Orleans' industry...

The world population recently topped 6 billion people. Each person has the same need to eat, breathe, and drink. Unfortunately the world's limited resources imply a carrying capacity for the human race. As we approach this critical mass, the strain on our resources becomes increasingly severe....

The current system of controlling oil spills involves a complex relationship of international, federal and state law, which has not proven to be very effective. The multiple layers of regulation often leave shipowners unsure of the laws facing them. Furthemore, nations have had difficulty...