The relationships between types of wealth components and consumption
expenditures were investigated as a means of better understanding retired
elderly household well-being. Specifically, the concept of mental account was
used to identify the characteristics of different types of wealth components, and
four mental accounts were identified: flow of investment, current...
Computers have made a great contribution to the
design process in various applications, such as design
analysis and simulation. A new technology called
Computer-aided design (CAD) has helped the designer to
design and build very intricate systems.
While most of CAD software is run on workstations or
microcomputers with one...
This research examines bargaining power in the market for Northeast
Multispecies Days-at-Sea (DAS). In 2004, the DAS system was converted
to a tradable input control system. Characteristics of the program include:
1) trading restrictions based on length and power to limit increases in
output, 2) prohibitions that limit the ability...
Hedonic models reveal the marginal implied prices of attributes; these premia represent the intersection of supply and demand for those attributes. Understanding the demand for these attributes is critical for policy analysis that may influence those attributes. While Rosen (1974) proposes a two-step method to recover demand, Kristofersson and Rickertsen...
The North Atlantic U.S. groundfish and scallop processing industries are a tale of two fisheries. The groundfish processing industry has suffered a steep, almost continual decline in landings starting in 1984 that resulted in 2014 landings that were only 16% of 1983 landings. US scallop landings increased from 5 million...
The success or failure of aquaculture heavily depends on how effectively to manage aquatic animal
diseases. In order to analyze the economic effects of aquatic animal disease control, the specific factors
and magnitudes of benefits and costs are identified with and without the proposed project for the disease
control. These...
Due to its high strength/weight ratio, 7075 aluminum alloy has
been widely used as an aerospace material. However, it has relatively low fatigue strength and low fracture toughness in the T6
condition. Thermomechanical processing, including pre-cyclic loading and stretching at high and ambient temperatures, has been investigated with the aim...
This research combines a utility-theory consistent model of demand for recreational fishing trips with an age-structured stock dynamics model to provide policy relevant advice to managers of the groundfish fishery in the Northeast United States. We provide an overview of the model and describe the challenges encountered with using this...