Effective management of perishable inventory systems is often strewn with challenges, especially when a strong trade-off relationship exists between shortage and wastage of perishables: A smaller inventory increases the chance to lose sales (leading to higher expected shortage cost), while a...

The coral reef ecosystems provide many goods and services to coastal populations, such as tourism. Furthermore, they form a unique natural ecosystem, with an important biodiversity value as well as scientific and educational value. They also form a natural protection against wave erosion....

Using Japanese facility-level data from an OECD survey, we estimate the effects of implementation of ISO14001 and publication of environmental reports on the facilities' environmental performance. While most previous studies focused on an index of emissions toxicity, this study examines three...

This article proposes a Bayesian estimation method of demand functions under block rate pricing, focusing on increasing one. Under this pricing structure, price changes when consumption exceeds a certain threshold and the consumer faces a utility maximization problem subject to a...

Environmental Problems A Market Failure -- Choice of Policy Instruments Tax Regulation or Subsidy -- Another Solution to Environmental Problems Prepoety Right Approach -- Uncertainty and Policy Choice Price Control or Quantity Control -- Waste Reduction and the Effectiveness of Imposing Disposal...

This paper seeks to understand the effect of social, economic and political conditions on the selection and effectiveness of voluntary policy in Japan. Borrowing from two sets of literature, the paper develops a two-dimensional framework for analysis of voluntary policy that helps clarify the...

Block rate pricing is often applied to income taxation, telecommunication services, and brand marketing in addition to its best-known application in public utility services. Under block rate pricing, consumers face piecewise-linear budget constraints. A discrete/continuous choice approach is...