This paper briefly analyzes the state of vehicular pollution and control measures in Hong Kong. Vehicular emissions contribute largely to Hong Kong's air pollution and will become more important as the vehicle fleet expands. Hong Kong is unique in that a large fraction of its vehicles use diesel...

In this paper we examine the price effects on crude oils of removing the U.S. export ban on Alaskan North Slope crude oil in 1996. We estimate the longrun impact of removing the export ban through the use of a time series intervention analysis. The results indicate that Alaskan crude oil prices...

We examine minibus competition in Hong Kong between two similar types of minibus firms: those that operate green minibuses and those that operate red minibuses. The two types of firms are distinguished by their industrial organizations and by the restrictions placed on their operations by...

The petroleum refining industry has changed over the past decades from one in which capacity primarily served local and regional markets to one in which trade in refined petroleum products has become more widespread. We investigate the hypothesis of increasing globalization by examining the...

Investment opportunities in electric power generation have changed dramatically since electricity industry restructuring first began. In contrast to regulated utilities adding capacity in line with central planning and regulation, power plant investment is now more often made by independent...

This research examines empirically the effect using broken odds - the rounded off odds reported by horse track operators - on statistical tests of market efficiency in parimutuel gambling. It finds that using rounded-off odds to test for market efficiency, instead of using the exact values,...

Federal regulators recently allowed natural gas pipelines to offer transmission services to their customers. Pipelines previously were merchant carriers that were required by regulatory decree to own the gas they transported. Now, pipelines can voluntarily choose to function as pure...

We use graph theoretic methods to model arbitrage on the evolving topology of the natural gas pipeline network following pipeline deregulation. We estimate models of spot prices over the network and show that the emergence, evolution and performance of natural gas pipelines brought about by the...