Bush v. Gore and the Effect of New Source Review on Power Plant Emissions

New Source Review (NSR) is a Clean Air Act regulation that requires electric utilities to meet emission standards when making modifications to existing power plants. The regulation increases the cost of replacing worn out parts, and limits the firm’s scope of potential capital investments. Such restrictions may lead to greater retirements and lower utilization, adversely affecting profits. Prior to the 2000 presidential election, investors expected Bush to have a narrower interpretation of NSR than Gore. Therefore, we use changes in stock prices to estimate the effect on profits of differences in NSR policy. Our results indicate that investors expected the average boiler to be $38 million more valuable under the Bush administration. Over the boilers’ lifetimes, the additional utilization will have increased emissions by 19 million tons of sulfur dioxide, 5.9 million tons of nitrogen oxides and 980 million tons of carbon dioxide, relative to natural gas generation.      

基于实物期权的房地产最优开发时机

本文主要利用实物期权定价理论,结合房地产实际投资状况,通过处理房地产开发项目的单位价格和单位建设成本之间的相互影响,建立了关于价格与成本之间的房地产最优投资决策时机模型,探讨了房地产开发的最适时机的选择问题。     

FDI流量变化对中国宏观经济的影响分析

改革开放以来,我国利用FDI的总额不断增长,规模不断扩大,为经济发展作出了极大贡献。为了解FDI对我国经济的具体影响,文章利用我国1983—2008年统计资料中的时间序列数据,利用VAR模型分析FDI对我国经济发展的影响和贡献。     

基于JIT思想对汽车玻璃生产线WIP的控制策略

本文分析了汽车玻璃加工生产线的生产流程,生产车间不同种类的在制品(WIP)数量很庞大,为此研究生产线的瓶颈工序,得到瓶颈工序生产线的切换时间对WIP库存的影响,研究生产线的切换时间、工序之间的生产节拍比和WIP库存数三者之间的关系,结合JIT和WIP库存控制策略来保证生产线的流畅生产,归纳出关键的工序节拍比下所需的WIP库存数的动态变化情况,从而动态地控制WIP库存的变化并最大程度地降低车间的WIP库存。     

Suburban Nongrowth Policies

Because work time and its control are unevenly distributed, it shapes opportunities across different groups in society, both reflecting and reinforcing existing forms of inequality. Work time flexibility is seen by many as a way to promote gender equality by increasing the ability of women to exercise some control over their work time, thus facilitating their ability to participate in paid work while maintaining families. Yet, flexibility may take on very different meanings in different contexts, particularly with respect to the degree of control workers have over important aspects of their working time. This paper examines the meaning and distribution of work time flexibility for women in the United States. The paper begins with a brief discussion of the social construction and gendered nature of work time, and the complex and evolving distribution of work time in the United States. Measures of flexibility that seek to capture different aspects of workers' control over work time are then defined and examined through recent data for male and female workers from the General Social Survey (GSS).     

我国土地储备机构发展状况分析

通过对全国土地储备机构相关数据的分析,揭示了我国土地储备机构在时间、区域与不同城市等级上的分布情况,结合土地储备制度发展的背景,推演出我国土地储备制度发展的动力机制,即地方政府的利益诉求与国家政策推动的交互作用,并指出我国土地储备发展的重点应由机构的建立转移到内涵的丰富上。     

Is There a Causal Effect of Working Part‐Time on Current and Future Wages?

In this paper, I study the causal effects of part‐time work on current and future wages. To estimate these effects, I use a random effects model with a wage equation capturing the employment history and a dynamic multinomial probit component for the choice of employment status. Exclusion restrictions from the institutional context are exploited to support identification. The results suggest that working part‐time with few hours has a large causal effect on current wages, but more extensive part‐time work does not reduce current wages. However, both types of part‐time work lead to negative long‐term wage effects.