Web services represent a promising technology for the development of distributed heterogeneous software systems. In this setting, a major issue is to establish whether two services can be used interchangeably in any context. To this aim, our paper first briefly reviews the results contained in a recent article by the same authors, where a suitable notion of behavioural equivalence for Web servi...

This paper estimates hedonic price models for a sample of 610 vacation rental houses located in the vicinity of a lake and four-season ski-golf resort. Hedonic semilogarithmic regression models are estimated for peak summer and peak winter rentals for 2008. The regression estimates for weekly rental prices are conditioned on explanatory variables for house size, house quality, and locational fe...

This paper analyses the determinants of household farms’ participation in land rental markets in transition countries and what affects their access to land through rental markets. We derive several theoretical hypotheses on the impact of households’ management ability, land endowment, land quality and prices, transaction costs in the land market, rural credit and labour market constraints. We t...

We develop and empirically implement a model of optimal replacement of rental equipment and apply the model to derive detailed optimal replacement strategies for five different types of rental machinery: 1) excavators, 2) high reach forklifts, 3) skid steers, 4) scissor lifts, and 5) telescopic booms. Using data on actual replacements, revenues, maintenance costs, new machine prices and resale ...

This study uses panel data from 1,142 Kenya smallholder households over four survey periods to examine the determinants of participation in land rental markets and to quantify the impact of renting land on households’ crop income and total income. We find that land rental markets in Kenya enhance productivity and are equitable. The results are consistent across different estimation methods and ...

This paper revisits Williams (1997) on the effect of net rental price, asset quality and variable investment costs on the asset redevelopment decision. This paper develops a quasi-analytical method for solving the generalised real renovation option problem by treating the investment cost as having both a variable and a fixed element and then extends the analysis for the case where both the net ...

In this paper by means of a simple system dynamics model, we have addressed a cycle-producing mechanism in the owner-occupied real estate market which has not been discussed in the real estate economics literature before. This mechanism is based on accumulation of supply and demand which arises from specific stock-flow structure of a durable goods market like the owner-occupied market. Comparis...

As is known, sustainability issues represent one of the main challenges companies have to face. Among all, fashion industry considered most impactful, both in terms resource utilization and pollution. Fashion renting a recent business model for reduce their environmental footprint, following circular economy approach. The study aims develop discuss proposed hybrid approach effectively support d...

The multislope ski-rental problem is an extension of the classical ski-rental problem, where the player has several options of paying both of a per-time fee and an initial fee, in addition to pure renting and buying options. Damaschke gave a lower bound of 3.62 on the competitive ratio for the case where arbitrary number of options can be offered. In this paper we propose a scheme that for the ...