We extend the theory of quality-adjusted expenditure indices to estimate benefits from public investment. In particular, we model the selection of new instruments (in the form of remote-sensing devices) to enhance the longest-operating U.S. satellite-based land-observing program, Landsat. We...

Currently, approximately 5.3% of electricity production in Europe comes from wind energy. The increase of the size and the improved efficiency of wind generators have permitted their utilization offshore, leading to exploitation of offshore wind energy. Although offshore wind farms are well...