This papers aims to determine the optimal rotation and the best alternative use of a forest stand when wood price is assumed to follow a Geometrical Brownian Motion and the externality generated by the forest capacity to reduce the level of carbon dioxide in the air is adequately taken into...

The long-term increase in international health spending sparked concerns about sustainability of health care systems but also the impact of such spending and the value for money from health spending. The period since 1975 has witnessed an increase in per capita health spending in Canada along...

Current cost-based approach in measuring health care output does not allow decomposition of health care expenditure into price and output components. In this paper we propose an episode-based direction measurement method which closely resembles the concept of output in the system of national...