A unique integrated modelling system has been developed and applied for environmental assessment studies in connection with the Gabcikovo hydropower scheme along the Danube. The modelling system integrates model codes for describing the reservoir (2D flow, eutrophication, sediment transport),...

The principle of converting solar energy directly into electricity is now practically feasible. In order to obtain a reliable source of power from such an intermittent power supply as the sun, some form of storage is necessary. Several methods of storage are reviewed. The particular advantages...

Previous research on mortgage default has focused on the costs, benefits, and characteristics of the mortgagor. In such studies default rates have been taken as a measure of mortgage risk. In this paper we present a model where the position of the lender affects the default-foreclosure process....

This paper extends the existing research on real estate investment trust (REIT) operating efficiencies. We estimate a stochastic-frontier panel-data model specifying a translog cost function, covering 1995 to 2003. The results disagree with previous research in that we find little evidence of...

Most previous empirical research estimates a greater than 20% discount associated with the sale of foreclosed properties. Under the assumption that the real estate market is somewhat efficient, such a large discount would be counterintuitive. We argue, and empirically show, that the estimated...

While the impact of tax policy and other economic variables on the total amount of construction has been widely studied, this paper proposes that these variables also affect the size distribution of the properties constructed. The basic intuition is that there is a lower bound to the...