The Black-Scholes-Merton option valuation method involves deriving and solving a partial differential equation (PDE). But this method can generate multiple values for an option. We provide new solutions for the Cox-Ingersoll-Ross (CIR) term structure model, the constant elasticity of variance...

Urbanization is one of the major demographic and economic trends occurring in developing countries, with important consequences for development, energy use, and well being. Yet it is only beginning to be explicitly incorporated in long-term scenario analyses of energy and emissions. We assess...

Capital heterogeneity has largely been ignored in studies of investemtn behaviour. We estimate a dynamic structural model in which different types of capital are interrelated in both the production and adjustment cost technologies. Our result help explain some of the empirical failings of the...

The widespread and long-term nature of the tsunami damage in Aceh province, Indonesia has threatened the continued use of coastal and fisheries resources. This article describes the application of the Rapid Appraisal of Fisheries Management System (RAFMS) methodology and presents key findings...

This article presents an overview of the project on Rehabilitation of Fisheries and Aquaculture in Tsunami-affected Coastal Communities in Aceh Province. Building on the research results from the recently completed projects detailed in the previous articles, this project shall synthesize...