Price uncertainty and the optimal production-location decision

The integrated production-location decision involves the simultaneous choice of facility design (input mix) and plant location. This paper generalizes earlier work by incorporating price uncertainty and risk preferences into the problem. Properties of the optimal solution are characterized, and detailed comparative statics analyses are performed to identify the effects of price uncertainty, risk preferences, and production structure on the optimal solution. These results, which illuminate the economic mechanics and parametric sensitivity of such decisions, can be useful for developing and evaluating national and local public policies. An example of their potential use is given.     

Aspects of innovation: Public policy issues in telecommunications development

The author considers the potential for innovation in various telecommunication technologies. Unfamiliar concepts may be generated by the introduction of a new technology, the uses of technology, abuses and their consequences, and cross-fertilisation with other fields. After discussing possible futures, he analyses the implications of a general model of change associated with the introduction of a major technology, and concludes by stressing the urgent need for research aimed at anticipating desirable and undesirable impacts.