This paper examines the sequence of optimal extraction of nonrenewable resources in the presence of multiple demands. We provide conditions under which extraction of a nonrenewable resource may be discontinuous over the course of its depletion.

This paper deals with the measurement of per capita household consumption expenditures when the household's underlying demographic structure changes during the survey period. To do this, we provide a formal definition of precisely what it means to mis-measure the household's demographic...

This paper provides a short introduction to the economic history of Hawai'i since 1778. References are provided for readers with interests in particular topics.

Coastal nations can impose conditions of use on foreign fishing firms that operate in their Exclusive Economic Zone. We develop a game-theoretical model in which a fishery owner maximizes the revenue that it collects from firms that operate in its EEZ by charging them a fishing fee. We find that...

I found that the University has experienced modest grade inflation over the past twelve years but the rate of inflation has been considerably low relative to other universities. In addition, I failed to find clear evidence of a widening interdepartmental gap, which is often referred to as being...

The Hawaiian Home Lands program enacted by the U.S. Congress in 1921 placed 200,000 acres of government land in trust for the use of native Hawaiians. This program - now with assets valued at well over $700 million - long ago evolved into a special type of public housing program in which the...