In the previous section we studied equilibrium in a particularly simple world – an endowment economy. This was useful for getting intuition about what determined the real interest rate, but lacked realism. In this section we endogenize supply. The concept of equilibrium is identical to before, but the set up is more interesting. Now we have firms that produce output using capital and labor, and...

Angelica essential oil (AO), a major pharmacologically active component of Angelica sinensis (Oliv.) Diels, possesses hemogenesis, analgesic activities and sedative effect. The application of AO in pharmaceutical systems had been limited because of its low oxidative stability. The AO-loaded gelatin-chitosan microcapsules with prevention from oxidation were developed and optimized using response...

sustainability is a concept that emphasizes substantially on investments conservation (natural, social and economic) toward intra-generation equity. when sustainable development is achieved an overlapping is created between ecological, economic and social classes. the goal of this study is to measure and evaluate watershed sustainability. in order to evaluate sustainability in zidasht basin 1, ...

This paper presents a model to study impacts public policies and other exogenous variables (technological, market, and economic variables beyond designer’s control) on optimum vehicle designs and on Greenhouse Gas (GHG) emissions in the US transportation sector. The overall model consists of a government model and an enterprise model. The inputs to the overall model are public policies, exogeno...

The optimum conditions for the formation of E- and Z-ajoene from garlic juice mixed with soybean oil were determined using response surface methodology. A central composite design was used to investigate the effects of three independent variables temperature (°C, X 1), reaction time (hours, X 2), and oil volume (multiplied by weight, X 3). The dependent variables were Z-ajoene (Y 1) and E-ajoen...