This paper is concerned with the ability of speculation to generate a currency crisis. We consider a game-theoretic setting between a unit mass of speculators and a government that holds foreign currency reserves. We analyze conditions under which the speculators may be able to force the government to devaluate the currency. Among these conditions, we analyze the role of heterogeneous beliefs, ...

Utilization management of Persian Gulf oil and gas reserves is important, because of the importance of this area owing to the fact that it comprised 60% of the proven oil reserves and 40% of the proven gas reserves of the world and it determines the world's oil and gas strategies. By using game theory, this paper seeks to achieve the best strategy that Iran could use in confronting other partne...

Avian camera trap image data from two game reserves in southwestern South Sudan produced three new country records, four other range extensions, and one filled a distributional gap between north-west Ethiopia eastern Central African Republic. The study took place at Bangangai (31 traps, January 2015–February 2016) Bire Kpatuos Game Reserves (52 September 2015–August 2017). A total of 40 species...

Reliable and efficient operation of deregulated electricity markets requires supply and demand elasticity. This paper presents incentive control of spinning reserves in electricity multi-markets using game theory. Interruptible load contracts (ILC) could reduce the amount of spinning reserve requirements during system contingencies such as transmission congestion. It is shown that the power uti...

We assessed the degree of damage of two common plant species, marula Sclerocarya birrea and the mountain aloe or flat-flowered aloe Aloe marlothii in two neighboring game reserves along a fenceline with respect to the presence of African elephants Loxodonta africana. One of these reserves, Thornybush, had 40-50 elephants while the other reserve, the Wits Rural facility, contained no elephants, ...

In a deregulated electricity market such as the California WEPEX, spinning reserves must be explicitly identified as an ancillary service and priced. Additionally, scheduling coordinators who match suppliers and demands may either self-provide spinning reserves, or rely on the Independent System Operator (ISO) to provide reserves at the spot price. The deregulated market structure makes explici...

The effective management of marine fisheries is an ongoing challenge at the intersection of biology, economics, and policy. One way in which fish stocks-and their habitats-can be protected is through the establishment of marine reserves, areas that are closed to fishing. Although the potential economic benefits of such reserves have been shown for single-owner fisheries, their implementation qu...

Under certain conditions reserves can pose a threat to wildlife conservation by increasing the transmission of parasites and pathogens. In this study, I investigated associations between reserve characteristics including area, density and species richness and parasite infection rates in impala (Aepyceros melampus). Using coprological methods to measure gastrointestinal parasitism rates of impal...

In a deregulated electricity market such as the California WEPEX, spinning reserves must be explicitly identified as an ancillary service and priced. Additionally, scheduling coordinators who match suppliers and demands may either self-provide spinning reserves, or rely on the Independent System Operator (ISO) to provide reserves at the spot price. The deregulated market structure makes explici...