This paper examines irreversible investment in a project with uncertain returns, when there is an advantage to being the first to invest and externalities to investing when others also do so. We show that the possibility of pre-emption can have significant qualitative and quantitative effects on the relationship between uncertainty and investment. In a single-agent real options model, the trigg...

Rapid advances in processor performance have shifted the performance bottleneck to I/O systems. The relatively slow rate of improvement in I/O is due in part to a lack of quantitative performance analysis of software and hardware alternatives. Using a new self-scaling I/O benchmark, we provide such an evaluation for 11 hardware conÞgurations using 9 variations of the Unix operating system. In c...

[1] We develop a methodology for estimating the performance of international regulatory regimes in the context of transboundary surface waters. Our performance metric relies on assessments, over time, of actual performance, counterfactual performance, and optimal performance. The metric is of practical relevance as a diagnostic tool for policy evaluation. Thus it provides a starting point for p...

This article proposes a Serious Game about 'Set-Based Concurrent Engineering', which is one of the elements of lean practices in product design and development. Although Set-Based Concurrent Engineering is becoming popular in academia, in practice, understanding and adoption of it are low. Thus, the game presented in this article is designed to bring hands-on experience to practitioners to unde...