Climate change not only impacts production and market consumption but also the relative scarcity of nonmarket goods, such as environmental amenities. We study fundamental drivers resulting price changes, their potential magnitude, implications for climate policy in Nordhaus’s Dynamic Integrated Climate-Economy (DICE) model, thereby addressing one its key criticisms. propose plausible ranges the...

Traffic flow is modeled by a conservation law describing the density of cars. It is assumed that each driver chooses his own departure time in order to minimize the sum of a departure and an arrival cost. There are N groups of drivers, The i-th group consists of κi drivers, sharing the same departure and arrival costs φi(t), ψi(t). For any given population sizes κ1, . . . , κn, we prove the exi...

Organizations are increasingly seeking to enhance performance and efficiency and establish new capabilities by integrating previously developed software systems. As organizations undertake the integration of multiple software systems, they often have little idea of how much it will cost or how long it will take. Little research has been performed to date on how cost drivers for integration diff...

The risks of fatal vehicle crash for young drivers rise precipitously with more drinking, reaching a 100-fold increase in risk for youths with 6+ drinks. Considerable external damage arises from drunk driving, providing firm logic for government intervention. If the 'cost' of an alcohol tax is the foregone consumer surplus of drinkers, then the cost per life saved using higher alcohol taxes is ...

Young drivers, especially males, have relatively more accidents than other drivers. Young driver accidents also have somewhat different characteristics to those of other drivers; they include single vehicle accidents involving loss of control; excess speed for conditions; accidents during darkness; accidents on single carriageway rural roads; and accidents while making cross-flow turns (i.e. tu...

This study discusses a diagnostic approach to examining the lifecycle support system of a weapon system—specifically illustrating the approaches for the US Navy Phalanx Closein Weapon System (CIWS). The study gauges the status of current readiness and analyzes a snapshot of cost structures. The study identifies the program’s influential cost factors and system performance drivers. As a diagnost...

We consider a specific advanced traveler information systems (ATIS) whose objective is to reduce drivers’ travel time uncertainty with recurrent network congestion through provision of traffic information. Since the provided information is still partial or imperfect, drivers equipped with an ATIS cannot always find the shortest travel time route and thus may not always comply with the advice pr...

Treatment of wounds of different aetiologies constitutes a major part of the total health care budget. It is estimated that 1·5-2 million people in Europe suffer from acute or chronic wounds. These wounds are managed both in hospitals and in community care. The patients suffering from these wounds report physical, mental and social consequences of their wounds and the care of them. It is often ...