The extant literature has paid scant theoretical attention to the tripartite interaction between increasing environmental regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on this capital stock improvement decision. Hence, we...

I propose a queuing theoretic research agenda for studying five questions about the effects that alternate invasive species control regulations have on consumers and producers in a nation such as the USA. The five questions are as follows. First, when can one justify a trade ban as an effective...

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 non-preemptive corruption regime. The purpose of this note is to extend the Batabyal and Yoo (2004) analysis....

This note addresses the following hitherto unstudied question in rangeland management: What is the steady state distribution of livestock animals for rangelands that are managed using short duration grazing? This paper uses the theory of alternating renewal processes to answer this question and...

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...

What are the nexuses between corruption, bribery, and wait times in the public allocation of goods in developing countries? This question has received scant attention in the literature. Consequently, we use queuing theory to analyze models in which a good is allocated publicly, first in a...