Harold Hotelling’s 1931 article on the economics of exhaustible resources is considered groundbreaking in history nonrenewable resource analysis. innovation has been characterized by comparing his work with other contributions dealing conservation issues. It also connected to earlier depreciation, published 1925, for using same kind mathematical formalism. This further explores this second rese...

This paper explores the green building attributes that significantly influenced rental depreciation for conventional buildings from expert perspectives using Malaysia as a case study. The objectives of this study include: (1) identifying and (2) prioritizing via Analytic Hierarchy Process (AHP) technique. To achieve these objectives, firstly identified literature guidelines. were then validated...

Information has proven to be an important barrier in industrial energy efficiency improvement. Voluntary government programs aim to assist industry to improve energy efficiency by supplying information on opportunities. ENERGY STAR supports the development of strong strategic corporate energy management programs, by providing energy management information tools and strategies. This paper summa...

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We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the precrisis destinations of firms’ exports. Because the shocks were unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other outcomes. We find that firms whose expo...

In The Big Problem of Small Change, Sargent and Velde apply a cashin-advance model to the history of coinage and to contemporary thought about coinage. They assert that their model accounts for puzzling observations involving the depreciation and disappearance of small coins. I question its usefulness for that purpose and for other issues pertaining to coinage. My main concern is that their mod...

" Is it any depreciation of the great military geniuses of the past to say that, if suddenly plunged into the midst of a modern engagement, they would be worse than worthless, that, without the requisite knowledge and experience, their genius would be useless? Yet do we not desiderate that same genius for our own leaders, without which all their knowledge and experience are of no avail ?..... "...

This paper addresses two questions: (i) how do governments actually pay for the Þscal costs associated with currency crises; and (ii) what are the implications of different Þnancing methods for post-crisis rates of inßation and depreciation? We study these questions using a general equilibrium model in which a currency crisis is triggered by prospective government deÞcits. We then use our model...