Basic to neoclassical economics is the sanctity of individual choice, the fungibility of economic goods and inputs, and faith in the market system to bring forth substitutes as reiative prices change. These notions are part of what Joseph Schumpeter called the "pre-analytic vision" of neociassicai economics (Daly t995) and they are central to the concept of weak sustainability, a topic of inten...

In the recent past, the field of optofluidics has thrived from the immense efforts of researchers from diverse communities. The concept of optofluidics combines optics and microfluidics to exploit novel properties and functionalities. In the very beginning, the unique properties of liquid, such as mobility, fungibility and deformability, initiated the motivation to develop optical elements or f...

There has been recent controversy about whether aid directed specifically to health has caused recipient governments to reallocate their own funds to non-health areas. At the same time, general budget support (GBS) has been increasing. GBS allows governments to set their own priorities, but little is known about how these additional resources are subsequently used. This paper uses cross-country...

Mental accounting is the set of cognitive operations used by individuals and households to organize, evaluate, and keep track of ®nancial activities. Making use of research on this topic over the past decade, this paper summarizes the current state of our knowledge about how people engage in mental accounting activities. Three components of mental accounting receive the most attention. This ®rs...

A consensus exists that rising income levels and technological development are among key drivers of total health spending. Determinants of public sector health expenditure, by contrast, are less well understood. This study examines a complex relationship across government health expenditure (GHE), sociopolitical risks, and international aid, while taking into account the impacts of national inc...

This paper develops a simulation of Korean dairy policy that is tailored to the data, institutions, and policies in South Korea. It compares potential effects of changes in trade and domestic policy to baseline projections to 2015. Beverage milk continues to be supplied from domestic sources, implying imports compete in the manufacture of tradable products. We model manufactured dairy product s...

Over the last decade, Greater Manchester's city-regional centre has become an important site for build to rent (BTR) housing development in UK. The growth of this new tenure raises empirical and conceptual questions about how far through what means BTR extended post-industrial cities like Manchester, as well theorise global–local relations involved development. Drawing on a self-built database ...

Although it is established that firms sometimes expand abroad to augment their capabilities, previous studies have generally focused on technological determinants of foreign expansion. We analyze capability-seeking aspects of foreign direct investment by examining the relationship between upstream (technological) and downstream (marketing) capabilities and the choice between acquisition and gre...

EPA’s charge from the NEPD included exploring ways to increase the flexibility in the distribution infrastructure, improve fungibility, and provide added gasoline market liquidity. In addition to looking at distribution system impacts, EPA analyzed how the various options could affect the overall supply of gasoline from refineries in the U.S. (i.e., gasoline production capacity). Analyzing the ...