A dynamic model of a regional energy system has been developed to support sustainable waste treatment with greenhouse gases (GHG) mitigation, addressing the possibility for development towards a regional fossil fuel-free society between 2011 and 2030. The model is based on conventional mixed...

One of the by-products from bioethanol production using woody materials is lignin solids, which can be utilized as feedstock for combined heat and power (CHP) production. In this paper, the influence of integrating a drying process into a biomass-based polygeneration system is studied, where the...

A regional model for sustainable biogas electricity production was formulated and tested for a Finnish province, North-Savo. By using the model the aim was to support decision making for reducing greenhouse gas (GHG) emissions and increasing renewable energy (RE) production in the studied region...

The key feature of the modern U.S. personal bankruptcy law is to provide debtors a financial fresh start through debt discharge. The primary justification for the discharge policy is to preserve human capital by maintaining incentives for work. In this paper, we test this fresh start argument by...

This paper develops a general equilibrium model of both taste-based and statistical discrimination in credit markets. We find that both types of discrimination have similar predictions for intergroup differences in loan terms. The commonly held view has been that if there exists taste-based...

It is commonly supposed in public and academic discourse that inflation and big government are related. We show that economic theory delivers such a prediction only in special cases. As an empirical matter, inflation is significantly positively related to the size of government mainly when...

The key feature of the modern U.S. personal bankruptcy law is to provide debtors a financial fresh start through debt discharge. The primary justification for the discharge policy is to preserve human capital by maintaining incentives for work. In this paper, we test this fresh start argument by...

A frictionless, structural view of default has the unrealistic implication that recovery rates on bonds, measured at default, should be close to 100 percent. This suggests that standard "frictions" such as default delays, corporate-valuation jumps, and bankruptcy costs may be important drivers...

It is commonly supposed in public and academic discourse that inflation and big government are related. The authors show that economic theory delivers such a prediction only in special cases. As an empirical matter, inflation is significantly positively related to the size of government mainly...

A large literature has examined factors leading to filing for personal bankruptcy, but little is known about household borrowing after bankruptcy. Using data from the Survey of Consumer Finances, we find that relative to comparable nonfilers, bankruptcy filers generally have more limited access...