Present value models of house prices assert that in the absence of self-fulfilling bubbles, a house price is equal to the present discount value of all future rents, which implies a linear relationship between house price and rent, and hence a stable price-to-rent ratio. Using a Markov switching...

Solar water heater has been commercialized during the last two decades in Taiwan. The government initiated the incentive programs during 1986–1991 and 2000–2004. This created an economic incentive for the end-users. The total area of solar collectors installed was more than one million...