Environmental Quality and Housing Markets: Does Lot Size Matter?

Abstract This paper examines the influence of lot size on willingness to pay for locational environmental attributes for an urban coastal watershed. We compare traditional hedonic price functions with Parsons'(1990) weighting argument to determine whether or not traditional measures overestimate marginal prices. We find that relying on the absolute values of the coefficients associated with these variables could result in misleading estimates of marginal values. The comparisons are important especially if the estimated marginal prices are used to make policy recommendations and the price differentials are large, as they are for this study.Environmental disamenities, hedonic property values, urban watersheds., Consumer/Household Economics, Q25, Q51, Q53,

Ultrasonic characterisation of wheel hub/axle interference fit pressures

Railway wheels are secured onto the axle by means of an interference fit. The wheel is press fitted onto a pre-lubricated axle, and the resulting interference fit induces a contact pressure at the interface. Occasionally railway wheels fail by fatigue, with the initiation point for the failure frequently traced to the interference fit. The aim of this work is to use ultrasonic reflection to non-destructively determine contact conditions in the interference fit. The rough surface contact at the interference fit interface behaves like a spring. If the contact pressure is high the interface is conformal with few air gaps, the stiffness is then high and the transmission of an ultrasonic wave is permitted. However, when pressure is low more air gaps exist, interfacial stiffness is then reduced and more of the ultrasound is reflected. Normalised contact pressure was determined from this stiffness. Maps of the interface have been produced which show the contact pressure to peak at the edges of the fit, and to experience a continuous variation about a mean value elsewhere

Unitary relation between a harmonic oscillator of time-dependent frequency and a simple harmonic oscillator with and without an inverse-square potential

The unitary operator which transforms a harmonic oscillator system of time-dependent frequency into that of a simple harmonic oscillator of different time-scale is found, with and without an inverse-square potential. It is shown that for both cases, this operator can be used in finding complete sets of wave functions of a generalized harmonic oscillator system from the well-known sets of the simple harmonic oscillator. Exact invariants of the time-dependent systems can also be obtained from the constant Hamiltonians of unit mass and frequency by making use of this unitary transformation. The geometric phases for the wave functions of a generalized harmonic oscillator with an inverse-square potential are given.Comment: Phys. Rev. A (Brief Report), in pres

Solar energy conversion

If solar energy is to become a practical alternative to fossil fuels, we must have efficient ways to convert photons into electricity, fuel, and heat. The need for better conversion technologies is a driving force behind many recent developments in biology, materials, and especially nanoscience