As the complexity of modern day life increases with astonishing rapidity, the complexity of the problems the policymaker must face increases at a correspondingly rapid rate. Traditional intuitive methods of decision-making ...

This paper develops a rule for calculating a discount rate to value risky projects. The rule assumes that the asset risk can be measured by a single index (e.g., beta), but makes no other assumptions about specific ...

This investigation has attempted to provide acurrent estimate of the oil potential of the northern North Sea from which estimates of exploration investment, development investment, and accruing cash-flows can be ...

Energy policy in the US is characterized by two motivations: to stem the flow of currency to the oil producing nations, and to prevent energy prices rising as much as it is now being feared they will. Conservation has been ...

The demand for electricity by primary aluminum smelters is estimated econometrically. Cross section data is used, including plant data for the U.S. and Norway and a national average for Japan. The data are sampled for ...