scholarly journals On the shady side of economics

1999 ◽  
Vol 2 (2) ◽  
pp. 207-221 ◽  
Author(s):  
J. H. Van Heerden ◽  
J. N. Blignaut ◽  
N. S. Groenendijk
Keyword(s):  
Market Failure ◽  
Crime Rates ◽  
Point Of View ◽  
Empirical Comparison ◽  
Economic Point ◽  
Gary Becker ◽  
Economic Tools

This paper explains fraud from an economic point of view, using traditional economic tools and reasoning. It is shown how a supply-of-fraud function can be defined and estimated for individuals, and subsequently aggregated to derive crime rates for societies. Another approach is to explain the behaviour of fraudsters as rent-seekers, à la mode Gary Becker, and the problem of fraud may be seen as a case of market failure too. The paper also discusses some effects of fraud on society, and gives an empirical comparison between countries.

The Externalities of New Energy Industry and Correction Suggestions

2011 ◽  
Vol 347-353 ◽  
pp. 1295-1298
Author(s):  
Bin Xia ◽  
Ting Gao
Keyword(s):  
Resource Allocation ◽  
Market Failure ◽  
Point Of View ◽  
Energy Industry ◽  
Energy Structure ◽  
Economic Point ◽  
Allocation Efficiency ◽  
New Energy ◽  
Output Efficiency ◽  
The Cost

At present, the development of new energy industry has the great significance in optimizing the energy structure and energy security and increasing energy supply in China. In the new energy industry development process existing obvious external effectiveness, make the competition market resources allocation efficiency losses, resulting in deviating from the Pareto optimal state that cause "market failure". According to the general principles that externalities cause resource allocation misconduct eliminate, from an economic point of view that this article point out that the decrease of the cost of production and the increased output efficiency could play the same role in resource allocation efficiency improvements, and through government intervention to make the necessary corrections to optimize the allocation of resources to ensure the development of new energy industries.

scholarly journals Sustainability of Biogas Based Projects: Technical and Economic Analysis

2019 ◽  
Vol 93 ◽  
pp. 03001
Author(s):  
Valeria Annibaldi ◽  
Federica Cucchiella ◽  
Massimo Gastaldi ◽  
Marianna Rotilio ◽  
Vincenzo Stornelli
Keyword(s):  
Process Monitoring ◽  
Net Present Value ◽  
Stable Process ◽  
Point Of View ◽  
Plant Performance ◽  
Electronic Systems ◽  
Economic Point ◽  
Incentive Policies ◽  
Transformation Of Organic Matter ◽  
Economic Tools

Biomethane is a renewable gas produced by the transformation of organic matter. It can lead to emissions reduction and it contributes to increasing methane production. Incentive policies favour its development and for this reason, the objective of this paper is to investigate the economic performance of biomethane plants and their process monitoring by electronic systems. Mathematical modeling is here presented to study the financial feasibility of biomethane plants in function of the size (100 m3/h, 250 m3/h, 500 m3/h, 1000 m3/h), the feedstock used (organic fraction of municipal solid waste and a mixture of 30% maize and 70% manure residues on a weight basic) and the destination for final use (fed into the grid, destined for cogeneration or sold as vehicle fuel). From an economic point of view the plant performance is studied by economic tools as Net Present Value and Discounted Payback Time and the uncertainty analysis is implemented using Monte Carlo method. Moreover, from a technical point of view, process monitoring is analyzed to understand what happens in a biomethane plant and help to maintain a stable process. The results show that the profitability of biomethane plants is verified in several scenarios presenting losses only if subsidies were removed.

Sophie Laws, with Caroline Harper and Rachel Marcus. Research for Development: A Practical Guide. New Delhi: Vistaar Publications. 2003. xiii+475 pages. Paperback. Indian Rupees 450.00.

2003 ◽  
Vol 42 (2) ◽  
pp. 170-172
Author(s):  
Mir Annice Mahmood
Keyword(s):  
Policy Research ◽  
Point Of View ◽  
Basic Question ◽  
New Delhi ◽  
Economic Point ◽  
Scarce Resources ◽  
Is Research ◽  
The Subject ◽  
Development Workers

To implement any successful policy, research about the subject-matter is essential. Lack of knowledge would result in failure and, from an economic point of view, it would lead to a waste of scarce resources. The book under review is essentially a manual which highlights the use of research for development. The book is divided into two parts. Part One informs the reader about concepts and some theory, and Part Two deals with the issue of undertaking research for development. Both parts have 11 chapters each. Chapter 1 asks the basic question: Is research important in development work? The answer is that it is. Research has many dimensions: from the basic asking of questions to the more sophisticated broad-based analysis of policy issues. The chapter, in short, stresses the usefulness of research which development workers ignore at their own peril.

Bleak Weather for Sun-Shine AG: A Case Study of Impairment of Assets

2014 ◽  
Vol 30 (2) ◽  
pp. 113-126 ◽  
Author(s):  
Dominic Detzen ◽  
Tobias Stork genannt Wersborg ◽  
Henning Zülch
Keyword(s):  
Real Life ◽  
Accounting Standards ◽  
Point Of View ◽  
Professional Judgment ◽  
Economic Point ◽  
Instructional Resource

ABSTRACT This case originates from a real-life business situation and illustrates the application of impairment tests in accordance with IFRS and U.S. GAAP. In the first part of the case study, students examine conceptual questions of impairment tests under IFRS and U.S. GAAP with respect to applicable accounting standards, definitions, value concepts, and frequency of application. In addition, the case encourages students to discuss the impairment regime from an economic point of view. The second part of the instructional resource continues to provide instructors with the flexibility of applying U.S. GAAP and/or IFRS when students are asked to test a long-lived asset for impairment and, if necessary, allocate any potential impairment. This latter part demonstrates that impairment tests require professional judgment that students are to exercise in the case.

The Role of Economic Evaluation in Dissemination and Implementation Research

2017 ◽  
Author(s):  
Ramesh Raghavan
Keyword(s):  
Service Providers ◽  
Implementation Strategies ◽  
Cost Effective ◽  
Point Of View ◽  
Dissemination And Implementation ◽  
Economic Point ◽  
Open Questions ◽  
Public Health Organizations ◽  
Quality Health ◽  
Dissemination And Implementation Research

This chapter presents an overview of how D&I research can be evaluated from an economic point of view. Dissemination and implementation imposes costs upon knowledge purveyors, provider organizations, public health organizations, and payers (including governments). However, whether these added costs will result in improved service delivery and, perhaps more importantly, client outcomes and improvements in population health remain as open questions. If emerging studies reveal that defined implementation strategies are more cost effective than “usual” implementation, then policymakers and service providers will need to resource these added costs of implementation in order to assure the success and sustainability of high-quality health services over the long term.

scholarly journals The “Zero Miles Product” Concept Applied to Biofuel Production: A Case Study

Energies ◽  
2021 ◽  
Vol 14 (3) ◽  
pp. 565
Author(s):  
Nikolaj Kaae Kirk ◽  
Clara Navarrete ◽  
Jakob Ellegaard Juhl ◽  
José Luis Martínez ◽  
Alessandra Procentese
Keyword(s):  
Sugar Content ◽  
Point Of View ◽  
Biofuel Production ◽  
Transport Costs ◽  
Economic Point ◽  
Product Concept ◽  
Energy Demands ◽  
Production Platform ◽  
High Sugar Content

To make biofuel production feasible from an economic point of view, several studies have investigated the main associated bottlenecks of the whole production process through approaches such as the “cradle to grave” approach or the Life Cycle Assessment (LCA) analysis, being the main constrains the feedstock collection and transport. Whilst several feedstocks are interesting because of their high sugar content, very few of them are available all year around and moreover do not require high transportation’ costs. This work aims to investigate if the “zero miles” concept could bring advantages to biofuel production by decreasing all the associated transport costs on a locally established production platform. In particular, a specific case study applied to the Technical University of Denmark (DTU) campus is used as example to investigate the advantages and feasibility of using the spent coffee grounds generated at the main cafeteria for the production of bioethanol on site, which can be subsequently used to (partially) cover the campus’ energy demands.

scholarly journals Comparison between Concentrated Solar Power and Gas-Based Generation in Terms of Economic and Flexibility-Related Aspects in Chile

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 1063
Author(s):  
Catalina Hernández Moris ◽  
Maria Teresa Cerda Guevara ◽  
Alois Salmon ◽  
Alvaro Lorca
Keyword(s):  
Natural Gas ◽  
Solar Power ◽  
Renewable Energy Sources ◽  
Cost Effective ◽  
Hybrid Plant ◽  
Point Of View ◽  
Concentrated Solar Power ◽  
Economic Point ◽  
Hybrid Plants ◽  
Cost Of Energy

The energy sector in Chile demands a significant increase in renewable energy sources in the near future, and concentrated solar power (CSP) technologies are becoming increasingly competitive as compared to natural gas plants. Motivated by this, this paper presents a comparison between solar technologies such as hybrid plants and natural gas-based thermal technologies, as both technologies share several characteristics that are comparable and beneficial for the power grid. This comparison is made from an economic point of view using the Levelized Cost of Energy (LCOE) metric and in terms of the systemic benefits related to flexibility, which is very much required due to the current decarbonization scenario of Chile’s energy matrix. The results show that the LCOE of the four hybrid plant models studied is lower than the LCOE of the gas plant. A solar hybrid plant configuration composed of a photovoltaic and solar tower plant (STP) with 13 h of storage and without generation restrictions has an LCOE 53 USD/MWh, while the natural gas technology evaluated with an 85% plant factor and a variable fuel cost of 2.0 USD/MMBtu has an LCOE of 86 USD/MWh. Thus, solar hybrid plants under a particular set of conditions are shown to be more cost-effective than their closest competitor for the Chilean grid while still providing significant dispatchability and flexibility.

scholarly journals Landslide Awareness System (LAwS) to Increase the Resilience and Safety of Transport Infrastructure: The Case Study of Pan-American Highway (Cuenca–Ecuador)

2021 ◽  
Vol 13 (8) ◽  
pp. 1564
Author(s):  
Pietro Miele ◽  
Mariano Di Di Napoli ◽  
Luigi Guerriero ◽  
Massimo Ramondini ◽  
Chester Sellers ◽  
...  
Keyword(s):  
Point Of View ◽  
Transport Infrastructure ◽  
Slope Failures ◽  
Network Systems ◽  
Socioeconomic Impacts ◽  
Economic Point ◽  
Infrastructure Monitoring ◽  
Ground Deformations ◽  
Pan American

In most countries, landslides have caused severe socioeconomic impacts on people, cities, industrial establishments, and lifelines, such as highways, railways, and communication network systems. Socioeconomic losses due to slope failures are very high and they have been growing as the built environment expands into unstable hillside areas under the pressures of growing populations. Human activities as the construction of buildings, transportation routes, dams, and artificial canals have often been a major factor for the increasing damage due to slope failures. When recovery actions are not durable from an economic point of view, increasing the population’s awareness is the key strategy to reduce the effects of natural and anthropogenic events. Starting from the case study of the Pan-American Highway (the Ecuadorian part), this article shows a multi-approach strategy for infrastructure monitoring. The combined use of (i) DInSAR technique for detection of slow ground deformations, (ii) field survey activities, and (iii) the QPROTO tool for analysis of slopes potentially prone to collapse allowed us to obtain a first cognitive map to better characterize 22 km of the highway between the cities of Cuenca and Azogues. This study is the primary step in the development of a landslide awareness perspective to manage risk related to landslides along infrastructure corridors, increasing user safety and providing stakeholders with a management system to plan the most urgent interventions and to ensure the correct functionality of the infrastructure.

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