This paper explores real power generation planning, considering distributed generation resources and energy storage in a small standalone power system. On account of the Kyoto Protocol and Copenhagen Accord, wind and photovoltaic (PV) powers are considered as clean and renewable energies. In...

We establish explicit socially optimal rules for an irreversible investment decision with time-to-build and uncertainty. Assuming a price sensitive demand function with a random intercept, we provide comparative statics and economic interpretations for three models of demand (arithmetic...

The International Food and Agribusiness Management Review is the published by IFAMA. www.ifama.org

This dissertation contains three essays. The first and second essays examineintergenerational mobility in earnings in Brazil using a data set spanning three generations. I use data from PNAD{a nationally representative household survey inBrazil. I build a three-generations data set consisting of...

In times of acute scarcity, demand for a commodity greatly exceeds its supply. In such situations, queuing mechanisms are frequently used to allocate scarce goods to citizens. However, inordinately long queues lead to excessive wait times and this can lead to violence. As such, the general...

In times of acute scarcity, demand for a commodity greatly exceeds its supply. In such situations, queuing mechanisms are frequently used to allocate scarce goods to citizens. However, inordinately long queues lead to excessive wait times and this can lead to violence. As such, the general...