In a distributed file system built on network attached storage, client computers access data directly from shared storage, rather than submitting I/O requests through a server. Without a server marshaling access to data, if a computer fails or becomes isolated in a network partition while holding locks on cached data objects, those objects become inaccessible to other computers until a locking ...

Firms can use capital that they either purchase or lease, but these alternatives are treated differently for tax purposes. This paper derives the demand for leased capital as a function of tax parameters, and uses the model to estimate the responsiveness of leasing to the introduction of bonus depreciation in 2002, finding strong evidence that depreciation allowances influence leasing patterns....

Numerous studies have considered penalty as part of lease contract stipulation, which incurs whenever equipment downtime exceed a predetermined level. Under this stipulation, lessor would then choose maintenance effort level just enough to hinder them from penalty. Since it is used for business purpose, lower equipment downtime would always preferable for the lessee but necessarily for the less...

Operating lease of the aircraft gives the airlines ̄exibility in capacity management. However, airlines pay a risk premium to the leasing companies for bearing part of the risks. Therefore, the airlines face a trade-o€ between ̄exibility of capacity and higher costs. This paper develops a model for the airlines to determine their optimal mix of leased and owned capacity, taking into considerati...

W develop a consumer response model to evaluate and plan pricing and promotions in durable-good markets. We discuss its implementation in the U.S. automotive industry, which “spends” about $45 billion each year in price promotions. The approach is based on a random effects multinomial nested logit model of product (e.g., a vehicle model, such as Hyundai Tucson), and transaction-type choice. Tra...

In this paper, we argue that weak cache consistency mechanisms supported by existing Web proxy caches must be augmented by strong consistency mechanisms to support the growing diversity in application requirements. Existing strong consistency mechanisms are not appealing for Web environments due to their large state space or control message overhead. We focus on the lease approach that balances...

This paper examines the role that land rights play in the decision to either cultivate or lease a given plot. Using data from 2,874 farming households collected in 1997 in rural Thailand, we find that in villages adjacent to forest reserves, where the is a risk of expropriation, plots that are leased are more likely to be titled than those that are self cultivated. In other areas, however, land...

We study leasing variants of the connected facility location problem, in which we wish to connect a set of clients to facilities, and facilities are connected via core edges, whose cost is a scale factor times the cost of a simple edge. We identify two aspects of the problem that can lead to different variants: (a) if there is a single or multiple commodities, and (b) if we lease facilities and...

Financial contracting theories agree that more-liquid assets decrease the expected cost of external financing, thus making leasing more attractive and reducing lessors’ equilibrium return. However, the literature has ambiguous predictions about the effect of liquidity on the maturity of leases. These predictions are further complicated by the existence of two types of lease contracts—operating ...