FLOORS FOR BREWERIES

Creating and retaining authenticity among craft breweries: a case study of local breweries in Boston, Massachusetts

Brewing has a long history in this country—first making an appearance in 1620 with the landing of the Pilgrims at Plymouth Rock in Massachusetts. Today, beers can be easily categorized into one of two types: 1) industrial, and 2) craft. The focus of this paper is on this second type, the "craft beer" and the so-called "renaissance" it experienced during the 1980s. In 1983, there were only 43 op...

Price Floors for Emissions Trading

Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty, but implementation has potential pitfalls. We argue that the best mechanism for implementing a price floor is to have firms pay an extra fee or tax. This has budgetary advantages and is more compatible with international permit trading ...

Supplying Craft Breweries With Locally Produced Ingredients

Price Floors and Competition

A potential source of instability of many economic models is that agents have little incentive to stick with the equilibrium. We show experimentally that this may matter with price competition. The control variable is a price floor, which increases the cost of deviating from equilibrium. Theoretically the floor allows competitors to obtain higher profits, as low prices are excluded. However, be...

Error Floors of LDPC Codes

We introduce a computational technique that accurately predicts performance for a given LDPC code in the error floor region. We present some results obtained by applying the technique and describe certain aspects of it.