Internet of Things (IoT) seems a viable way to enable the Smart Cities of the future. iNUIT (Internet of Things for Urban Innovation) is a multi-year research program that aims to create an ecosystem that exploits the variety of data coming from multiple sensors and connected objects installed on the scale of a city, in order to meet specific needs in terms of development of new services (physi...

According to “Hotelling rule” price of an “exhaustible resource” exceeds its marginal cost of production in perfect competition equilibrium by amount equal to the opportunity cost of depleting the resource now rather than next periods. This cost is called “scarcity rent”. Oil price exceeds its marginal extraction costs significantly. This can be attributed two different sources: effect of scarc...

The relationship between oil reserves and oil extraction has recently become of interest to research community. Current empirical literature lacks an identification strategy that addresses endogeneity problem. This study takes advantage of (arguably) exogenous reserves discoveries to identify the effect of size of reserves on oil production. Our findings show that although in general oil produc...

The present study was aimed to investigate the effects of oil price shocks on discretionary fiscal policies in selected OPEC countries during 1980-2015. In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positiv...

The Internet is now a central enabler for sharing sustainability information. Yet, such enablement complicated through an exponentially increasing array of What lacking in the digital economy are objective and transparent mechanisms to provide reliable assessments published information timely efficient manner. In addressing limitation, this research proposes automated mechanism measuring transp...

Alternative market structures are distinguishable by the degree of parallel action exhibited by producers. We show that the correlation between output levels varies systematically with the degree of interdependence among firms, and establish an ordering among alternative behavioral hypotheses (Cournot, Stackelberg, Edgeworth/Bertrand, collusion, and perfect competition). Because the ordering is...