Recently, Batabyal and Yoo (2007) have proposed a new probabilistic approach to orchard management. In this approach, a manager minimizes an economic criterion function, namely, the long run expected net cost of orchard management subject to an ecological constraint which says that the...

The formal study of orchard management in which an orchard is viewed as a jointly determined ecological-economic system is still in its infancy. Therefore, in this paper, we propose a new way of looking at the problem of orchard management that has three distinct advantages to it. First, we...

In recent times - see Batabyal and Nijkamp (2005) and Batabyal and Lee (2006) - there has been considerable interest in studying container inspection policies as a regulatory tool in invasive species management. In this note, we continue this line of inquiry and first delineate a generic...

In recent times - see Batabyal and Nijkamp (2005) and Batabyal and Lee (2006) - there has been considerable interest in studying container inspection policies as a regulatory tool in invasive species management. In this note, we continue this line of inquiry and first delineate a generic...

The quasi-option value (QOV) literature originated by Arrow and Fisher (1974) and by Henry (1974) is largely concerned with the analysis of two-period models of land development. Our paper extends this literature by studying two scenarios in which the decision to develop land is made in a...

The quasi-option value (QOV) literature originated by Arrow and Fisher (1974) and by Henry (1974) is largely concerned with the analysis of two-period models of land development. Our paper extends this literature by analyzing two scenarios in which the decision to develop land is made in a...

Recently, Batabyal and Yoo (2003) have studied aspects of indivisible and divisible land development in a dynamic and stochastic framework. In this note, we complement the analysis in this paper by examining an aspect of the indivisible land development decision when a landowner has an...

Recently, Batabyal and Yoo (2004) have used a queuing model with two types of citizens (high and low opportunity cost of time) to compute mean wait times in queue for the so called nonpreemptive corruption regime. The purpose of this note is to extend the Batabyal and Yoo (2004) analysis....

We study how tax policy affects the competition for venture capital by the creative class in two regions A and B. The creative class in each region produces a final good with venture capital and creative capital. Venture capital moves freely between the two regions and the representative...

We theoretically analyze the interaction between two representative and real tanneries, denoted by A and B, that are located on the same bank of the Ganges River in Kanpur, India. Tannery A is situated upstream from tannery B. Both tanneries produce leather and leather production by tannery A...