On the Multi-Kind BahnCard Problem

The BahnCard problem is an important problem in the realm of online decision making. In its original form, there is one kind of BahnCard associated with a certain price, which upon purchase reduces the ticket price of train journeys for a certain factor over a certain period of time. The problem consists of deciding on which dates BahnCards should be purchased such that the overall cost, that is, BahnCard prices plus (reduced) ticket prices, is minimized without having knowledge about the number and prices of future journeys. In this paper, we extend the problem such that multiple kinds of BahnCards are available for purchase. We provide an optimal offline algorithm, as well as online strategies with provable competitiveness factors. Furthermore, we describe and implement several heuristic online strategies and compare their competitiveness in realistic scenarios

Asset Pricing in Created Markets for Fishing Quotas

We investigate the applicability of the present-value asset pricing model to fishing quota markets by applying instrumental variable panel data estimation techniques to 15 years of market transactions from New Zealand’s individual fishing quota market. In addition to the influence of current fishing rents (as measured by lease prices), we explore the effect of market interest rates, risk, and expected changes in future rents on quota asset prices. Controlling for these other factors, the results support a fairly simple relationship between quota asset and contemporaneous lease prices. Consistent with theoretical expectations, the results indicate that quota asset prices are positively related to declines in interest rates, lower levels of risk, expected increases in future fish prices, and expected cost reductions from rationalization under the quota system. However, the magnitude of some interrelationships is muted relative to what theory suggests, possibly due to measurement error.tradable permits, individual transferable fishing quota, asset pricing, fisheries, policy

Property tax shifting under imperfect competition: Theory and application

The objectives of this dissertation are to examine, using hedonic methods, whether site-specific environmental amenities can become sources of market power for property management firms that control them and the extent to which such market power, if present, affects property tax shifting from property owners to property renters. The specific market examined in this dissertation is the vacation rentals market. The key participants in this market are the property owners, the renters and a few property management firms that manage the rental units in return for a fixed percentage commission paid by the owner each time the unit is rented out. In this dissertation, a proposition is derived by theoretically extending hedonic methods to accommodate both market structure and the local public sector. This proposition is then used to empirically examine the role of environmental amenities in creating firm-specific market power and assess the extent to which such market power facilitates property tax shifting. The results of this dissertation indicate that most of the market power exercised by the property management firms is derived from the environmental amenity, namely the lake, and a firm\u27s ability to shift property taxes may be greatly affected by the magnitude of market power it possesses

Xavier University Newswire

https://www.exhibit.xavier.edu/student_newspaper/3301/thumbnail.jp

The Fair Market Value of Public Resources

This Article explores the problem of public resource sales with particular reference to natural resources managed by the federal government. Lands owned by the United States hold trillions of dollars\u27 worth of natural resources. Federal agencies earn billions in annual revenue from resource sales, yet critics assert that billions more could be reaped if resources were sold for a fair price. Although federal law has increasingly required that agencies price resources at fair market value, this requirement is surprisingly difficult to interpret and even more dfficult to implement and enforce. This Article analyzes the various forces that bear on public resource transactions and details the problems that continue to plague these transactions, explaining why federal institutions are commonly unable to satisfy the fair market value standard. It argues that natural resource law should invoke procedural safeguards to protect against the undue influence of incumbent resource users and assure the public a fair return on resource sales. In so doing, it sheds light on how public institutions deal in the marketplace and how public ownership affects the value of property

Business planning; Management advisory services practice aids. Small business consulting practice aid, 06

https://egrove.olemiss.edu/aicpa_guides/1082/thumbnail.jp

The Fair Market Value of Public Resources

This Article explores the problem of public resource sales with particular reference to natural resources managed by the federal government. Lands owned by the United States hold trillions of dollars\u27 worth of natural resources. Federal agencies earn billions in annual revenue from resource sales, yet critics assert that billions more could be reaped if resources were sold for a fair price. Although federal law has increasingly required that agencies price resources at fair market value, this requirement is surprisingly difficult to interpret and even more dfficult to implement and enforce. This Article analyzes the various forces that bear on public resource transactions and details the problems that continue to plague these transactions, explaining why federal institutions are commonly unable to satisfy the fair market value standard. It argues that natural resource law should invoke procedural safeguards to protect against the undue influence of incumbent resource users and assure the public a fair return on resource sales. In so doing, it sheds light on how public institutions deal in the marketplace and how public ownership affects the value of property

Developing business plans; Consulting services practice aid, 96-1

https://egrove.olemiss.edu/aicpa_news/1161/thumbnail.jp

Spartan Daily, September 22, 1999

Volume 113, Issue 16https://scholarworks.sjsu.edu/spartandaily/9445/thumbnail.jp