Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...

Various plants and resources such as orchards are vulnerable to the detrimental effects of successful invasions by alien animal or plant species. To outline an appropriate policy response, we first use renewal theory to construct a stochastic model of optimal orchard management in the presence...

Goods are often allocated publically by means of queuing processes in developing countries.In such situations, which group of citizens should a corrupt government official favor? In addition,what should be the basis for this favoritism? To the best of our knowledge, these salient questionshave...

Innovation research has become an important topic in regional science analysis. Yet the modelling base of much innovation research is still feeble. This paper aims to map out the research potential of recent approaches in quantitative complexity analysis, in particular Neural Networks (NNs)...

This paper discusses a number of issues centred around the evaluation of the benefits and costs of transport. It is argued that, for various reasons, transport cannot be treated as an ‘ordinary’ economic sector, and in the paper the policy implications of a number of the sector’s...

The forthcoming creation of a single European currency area will likely have farreaching impacts on the competitive position of European industries, as a result of a decline in transaction costs and currency risks for intra-European trade. These impacts will take place independent of the...

International and interregional trade and transport are on the rise and hence, there is a clear needfor reliable estimates of transport flows. However, the available databases and estimation methodsare not yet satisfactory for analytical and predictive purposes.In this paper we explore the use...

It is clear that the future of the transport sector is fraught withuncertainties, as the system can be influenced by many factors thatcan develop in various ways. The aim of this paper is to gain insightinto the future development of the transportation sector. It presentsthe development of the...

This discussion paper led to an article in <I>Urban Studies</I> (2014). Volume 51, issue 2, pages 390-411.<P> Modeling spatial heterogeneity (SH) is a controversial subject in real estate economics. Single-family-home prices in Austria are explored to investigate the capability of global and locally...</p></i>

Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership....