No abstract available. / Thesis (M.Comm.)-University of Natal, Pietermaritzburg, 1998.

This thesis explored the opportunities to reduce energy demand and renewable energy feasibility at an off-grid science “community” called the Experimental Lakes Area (ELA) in Ontario. Being off-grid, ELA is completely dependent on diesel and propane fuel supply for all its electrical and heating needs, which makes ELA vulnerable to fluctuating fuel prices. As a result ELA emits a large amount of greenhouse gases (GHG) for its size. Energy efficiency and renewable energy technologies can reduce energy consumption and consequently energy cost, as well as GHG. Energy efficiency was very important to ELA due to the elevated fuel costs at this remote location. Minor upgrades to lighting, equipment and building envelope were able to reduce energy costs and reduce load. Efficient energy saving measures were recommended that save on operating and maintenance costs, namely, changing to LED lights, replacing old equipment like refrigerators and downsizing of ice makers. This resulted in a 4.8% load reduction and subsequently reduced the initial capital cost for biomass by $27,000, by $49,500 for wind power and by $136,500 for solar power. Many alternative energies show promise as potential energy sources to reduce the diesel and propane consumption at ELA including wind energy, solar heating and bio-mass. A biomass based CHP system using the existing diesel generators as back-up has the shortest pay back period of the technologies modeled. The biomass based CHP system has a pay back period of 4.1 years at $0.80 per liter of diesel, as diesel price approaches $ 2.00 per liter the pay back period reduces to 0.9 years, 50% the generation cost compared to present generation costs. Biomass has been successfully tried and tested in many off-grid communities particularly in a small-scale off-grid setting in North America and internationally. Also, the site specific solar and wind data show that ELA has potential to harvest renewable resources and produce heat and power at competitive rates compared to diesel and propane.

No description available.

The purpose of this study has been to specify and estimate a complete demand system for fresh fruits in Canada. The Almost Ideal Demand System (AIDS) is used as the functional form to accomplish the purpose of this study. Fresh fruit was assumed to be weakly separable from all other goods at the first stage of the budgeting process and a conditional demand analysis for fresh fruit was carried out at the second stage of the budgeting process, treating total expenditure as an exogenous variable. At the second stage, expenditure on fresh fruit is allocated to five groups: apples, bananas, grapefruit, oranges, and other fresh fruit. The other fresh fruit group includes: apricots, blueberries, cherries, grapes, lemons, pineapples, and strawberries. The second stage allocation was estimated utilising Zellner's iterative SURE procedure with homogeneity and symmetry conditions imposed on the restricted model. Data used in this study were obtained from Statistics Canada and consist of thirty-four observations from 1960--1993. / Results of the likelihood ratio test failed to reject the restricted model at 5% significant level. The R-square and Durbin-Watson test statistics indicated that the fit of the model is satisfactory. This study showed that a system of fresh fruit demand is inelastic to total expenditure, own-price, and cross-price effects. All the expenditure elasticity estimates were positive and significant over the study period, and indicate that apples, grapefruit, and oranges were relatively normal goods, while bananas and other fresh fruit category were relative luxury goods. Apples and oranges, grapefruit and other fruit category, oranges and other fruit category, bananas and other fresh fruit category are substitutes; and apples and other fresh fruit category, oranges and the other fruits category are complements.

Using household level scanner data for 2006, 2007, and 2008, this dissertation consists of four studies, which present household- and market-level analyses of food safety issues concerning the 2007 Peter Pan recall on the demand for peanut butter at the category level and at the brand level. Findings of the first study suggested that the recall had a statistically significant positive effect on the demand for peanut butter at the category level. At the brand level, spillover effects were evident in that the demand for Jif was positively affected, while the demand for Skippy was negatively affected. The second study examined structural change in the demand for peanut butter using demand system models corresponding to the pre-recall and the post-recall periods. Matrices of own-price, cross-price, and expenditure elasticities were calculated for both recall periods, and upon comparison, there were statistical differences in the corresponding estimated elasticities. In general, most price elasticities in the post-recall period were larger in absolute value than the comparable elasticities in the pre-recall period. The third study investigated the impact of household socio-economic characteristics associated with choices to purchase peanut butter across the pre- and the post-recall periods. Four choice scenarios were no buy-no buy, buy-no buy, no buy-buy, and buy-buy. Socio-economic characteristics considered included age, employment, education, race, ethnicity, presence of male and/or female household head, region, age and presence of children in the household, household size, and income. While the results varied by brand, region was the socio-demographic characteristic that was consistently significant among the choice scenarios for the respective peanut butter brands. Conditional on households purchasing peanut butter in both the pre- and the post-recall periods, the final analysis examined the influence of the same aforementioned socio-economic variables as well as the change in the own price on the change in the quantity purchased. The results varied across brands, but the principal drivers of the conditional change in the quantity purchased were the change in the own price and the age and presence of children in the household.

The ongoing transition of former communist countries from planned to market economies has been one of the most important economic phenomena in the last few decades. Among these, China is one of the largest and fastest growing emerging economies in the world since the reforms initiated in the late 1980s. China’s economic growth has been phenomenal. Therefore, understanding China’s energy economy is crucial in the new millennium for politicians, businessmen and energy economists. In particular, China’s energy policy directions will bring about both challenges and opportunities to the world in terms of an increasing share of primary energy consumption and investment in the energy industry. However, after surveying the literature, it is surprising to find that a few major areas of China’s energy economics are missing and the views on China’s energy economics are already out dated. Therefore, given the size and growth of its economy and the effect of its energy consumption on global energy markets, reviewing China’s energy situation and filling the missing literatures are essential for those who are interested in and concerned about China’s economic development in the new millennium. This study was motivated after conducting a survey of the literature on the study of China’s energy economy and reviewing China’s energy situation in the new millennium. The goal of the research is focused on providing readers the most important and the newest information on China’s energy economy. The study consists of three introductory sections and three core sections. The former includes a survey of literature, China’s energy situation in the new millennium, institutional evolution and changing energy prices. The latter includes tests for the emergence of an energy market in China, factor substitution and demand for energy, and technological change and the determinants of energy intensity. The main findings are as follows. China’s energy economy is still underdeveloped. It is crucial to review China’s energy situation in the new millennium. Energy, industrial deregulation and price reforms have been fast in China since the early 1990s. Empirical investigations have found evidence for the emergence of an energy market economy in China. The estimates demonstrate that there appears to be significant substitution possibilities between energy and labor when compared with international findings. Significant effects of substitution mainly come from the adoption of labor-intensive technology. Coal and electricity are significantly substitutable, while the demand for energy is elastic, in general. Finally, decomposing energy intensity shows that the budget constraint (a kind of price effect) reduces energy intensity while technological change increases energy intensity. These findings bring us to the following major implications. Firstly, it is important to understand the potential effect of new energy regulation and pricing mechanism on the future directions of China’s energy economy, which suggests that former predictions of China’s energy demand may have to be significantly discounted, and the potential effect on the global energy markets and emissions may need to be re-evaluated. Secondly, significant substitution between energy and labor is potentially good news as China possesses some of the most abundant labor sources in the world. However, because capital more easily substitutes for energy than labor, more policy incentives are needed for labor to substitute for energy. Thirdly, significant substitution between coal-electricity suggests that the effects of environmental taxes, however, may be smaller than expected due to the fact that most primary energy coming from coal. Also any shift from coal to electricity implies more investment in transmission lines rather than railways. Fourthly, energy constraints on energy supply may only slightly impede economic growth in China because the elasticity of substitution between energy and other factors is quite large compared to internationally. Fifthly, while many factors are responsible for the inelasticity of demand for energy, rising income may be one of the most important given the high levels of energy prices. Increasing energy prices may be unable to constrain energy consumption at present. Thus other energy policies need to be considered to encourage or depress certain types of energy consumption. Finally, reducing exports of energy-intensive commodities, reducing the high-level energy-using sectors, lowering capital investment and constraining imports of second-hand and obsolete equipment, would all help reduce growth in energy intensity. Politically, however, this may be at an unacceptable cost to economic growth. Although this study has conducted a series of investigations into the institutional changes and consumption behavior of China’s energy economy, continuous updating required as more data is continually added in a highly dynamic and changing environment. JEL Classifications: D24, O33, Q41.

Part I deals with the estimation of money demand functions. Several non-structural interpretations of the conventionally estimated functions are surveyed and discussed (Chapter 1). An application to Italian data is then presented, focusing on two such interpretations. First (Chapter 2), the role of expectations in determining money demand behaviour is assessed. Since monetary policy regimes have a direct effect on the time-series properties of interest rates, the identification of clear regime changes may provide a powerful test of forward-looking models of money demand. An expectations model is constructed, which is stable in the face of the Italian monetary policy regime change in 1970, when traditional backward-looking money demand functions show remarkable instability. Second (Chapter 3), the existence of multiple long-run relations among the variables relevant to money demand is shown to create problems for the interpretation of single-equation estimates. To obtain a satisfactory specification of the long-run relations and the short-run dynamics of the system around equilibrium, a sequential procedure is devised and applied. In Part II, the controversy between "real" and "monetary" theories of fluctuations is examined (Chapter 4). A "monetary" equilibrium model of the cycle is constructed, extending the original Lucas "island" framework to allow for a powerful role for stabilization policy. The implications of alternative monetary policy regimes are derived and tested on U.S. data, comparing two periods (1922-1940 and 1952-1968) with a different policy stance. Chapter 5 investigates the relative importance of the "money" and "credit" channels of monetary transmission for Italy in the 1982-1994 period, using a structural VAR methodology. Monetary policy is effective, though not through a "credit channel", and independent disturbances to credit supply have sizeable real effects. In Chapter 6 the focus is shifted to anticipated fiscal policy actions and their effect on consumption. A long series of pre-announced income tax changes is examined for the U.K. Consumption reacts to such fiscally-induced disposable income changes only at the implementation dates.

No description available.

<p>My dissertation explores the interactions between the various agents in the pharmaceutical industry and how they are affected by changes in health care policy. In my work, I examine innovation and competition among new brand drugs and the value of prescription drug insurance after patent expiration.</p><p>The second chapter of my dissertation empirically assesses the trade-off between patent breadth and patent length, a topic that has attracted significant theoretical but little empirical attention. I estimate a model of pharmaceutical demand and supply that incorporates insurance and advertising for the antidepressant market. Using these estimates, I consider the potential welfare effects of giving some of the most important product innovations broader but shorter patents, which increases the market power that these innovators have in the short-run but also allows for more rapid entry by generics. My results indicate that in this setting broader patents could increase total welfare by more than 9%, mostly through savings in insurer expenditures. These results are robust to endogenizing the entry of other branded drugs.</p><p>In the third chapter, which stems from research done jointly with Peter Arcidiacono, Paul Ellickson, and David Ridley, I use data from the pharmaceutical industry to estimate demand and supply for prescription drugs across both insured and uninsured consumers, allowing for consumer preferences organized into discrete types. I account for an important characteristic of health care markets: the price paid by insured consumers (copayment) is typically much smaller than the price received by the manufacturer. This analysis highlights how generic-drug availability differentially affects insured and uninsured consumers. In particular, generic entry disproportionately benefits insured consumers, at least in the first year to two years.</p><p>The fourth chapter in my dissertation extends the analysis in Chapter 2 to allow for a more generalized framework. In Chapter 2, the first pharmaceutical product innovation that enters a therapeutic class is assumed to be high-value while those innovations that follow are assumed to provide relatively little, if any, added therapeutic value beyond the first. Using the same data and demand model estimates, I consider the potential welfare effects of allowing these later to be considered high-value products and providing them with greater patent breadth and shorter patent length. My results indicate that in this setting, the modified patent policy could still increase total welfare by more than 8%, mostly through savings in insurer expenditures. These results are also robust to endogenizing the entry of other branded products.</p> / Dissertation

This dissertation investigates people’s responses when access to or the level of local public goods is proposed to or actually changes. By understanding how people respond to potential changes in school assignment, construction of the interstate highway system, and the widening of existing highways, researchers can gain better insight into how to accurately estimate people’s valuation of local public goods and policy makers can pursue effective policies to relieve traffic congestion and mitigate the impact of new highway construction. The first essay examines if information regarding potential school reassignment causes cross-sectional capitalization estimation techniques, most notably the border method, to undervalue people willingness to pay for school quality. Using hedonic regression techniques and home sale data from DeKalb County, Georgia, I find that residents’ expectations of future school quality are important factors in determining the magnitude of school quality capitalization estimates. The second essay explores how the construction of the interstate highway system impacted agricultural land loss in Georgia. Since agricultural land provides many positive externalities while its loss leads to several negative externalities, the results inform policy makers seeking to preserve agricultural land and study the urban form. Using a historical dataset covering 1945 to 2007, I find that each additional highway mile constructed led to the conversion of 468 acres of agricultural land. Finally, the third essay investigates commuter responses to the widening of existing highways in order to evaluate the effectiveness of road construction as a traffic congestion relief measure. The results indicate that the elasticity for the demand of driving with respect to the road supply is 0.522 and that it grows over time. Taken together, the result for the estimated elasticity imply that road construction may provide some congestion relief in the short run but eventually the expanded roads will be just as congested as before. The results of the three essays suggest that researchers and policy makers should take into the consideration how people will respond to potential changes to public goods as well as the short and long term impacts on investments in public goods.