Calculations of The Change of State of a Gas By Integrating The Partial Derivatives

It will not be denied that the calculations of the change of state for a gas is highly important in most engineering applications. For determining the gas’s properties such as the pressure (P), the volume (V) and the temperature (T), engineers and scientists uses the Boyle’s, Charles’s and Gay-Lussac’s (B-C-G) law of P1V1/T1=P2V2/T2. Although the B-C-G law provides the accurate property values of a gas, it give no detailed information embedded in the process when a gas changes its state. In this study, the author theoretically carried out the integrations of the partial differentials when differentiating the B-C-G law, which has not been tried by anyone up to now. The integration results of this study were thoroughly compared with the experimentally measured data and it was confirmed that the integration methods suggested in this study accurately provides the differential properties on ΔP, ΔV and ΔT. In addition to it, through the stepwise analysis of the integration of the partial differentials, it revealed that the efficiency in the change of state of a gas inherently exists higher than the Carnot cycle, which is operating between the same conditions. Therefore, the results of this study can be lead to the conclusion that all changes of state of all materials inevitably accompanies an energy loss and it is a natural phenomenon.

The Impact of Increased Density on Residential Property Values in Sydney, New South Wales

This paper investigates the impact of high-density development on low-density residential property values in Sydney, New South Wales (NSW). To do so, it conducts a literature review to ascertain the existing knowledge surrounding the study of property valuation and its economic and societal implications. Limitations within academia were identified and addressed as the objectives of this research. Subsequently, the key objective of this research is to “study the sociological factors dictating the attractiveness of low-density (LD) properties within proximity to high-density (HD) local characteristics.” In addressing this objective, research questions explore the interactions of an area’s local characteristics, its residents’ property types and the perceptions surrounding these interactions. This research studies property value through the lens of market perceptions, as the price of land is a basic indicator of the attractiveness, economic value and amenities accessible to a specific site. Through this seminal understanding, the research methodology was formed in which a questionnaire was completed by Sydney residents, providing data for analysis and discussion. The primary research question determines that “low-density residents perceive high-density local characteristics to be attractive”. Through this determination and its associated discussion, this study proposes that ‘if high-density local characteristics are able to be utilised by low-density properties, low-density residents will consider these properties to be more valuable’.

Socio-Ecological Dimensions of Spontaneous Plants on Green Roofs

Green roofs have the potential to provide socio-ecological services in urban settings that lack vegetation and open space. However, implementation of green roofs is limited by high construction and maintenance costs. Consequently, green roof projects often disproportionately benefit wealthy communities and can further marginalise disadvantaged communities by increasing property values and housing costs. Vegetation cover on green roofs is crucial to their provisioning of socio-ecological services. Evidence suggests that green roof plantings change over time, especially with limited maintenance, and are replaced with spontaneous “weedy” species. This is often perceived as a failure of the original green roof design intent and spontaneous species are usually removed. However, where good coverage is achieved, spontaneous vegetation could provide beneficial services such as stormwater mitigation, habitat provision, and climate regulation. While social norms about “weediness” may limit the desirability of some spontaneous species, research suggests that their acceptability on green roofs increases with coverage. As spontaneous species can establish on green roofs without irrigation and fertiliser, reduced input costs could help facilitate adoption particularly in markets without an established green roof industry. Construction costs may also be reduced in hot and dry climates where deeper substrates are necessary to ensure plant survival, as many spontaneous species are able to colonise shallow substrates and can regenerate from seed. If implemented based on socio-ecological need, green roofs with spontaneous vegetation coverage may apply less pressure to property values and housing costs than conventionally planted green roofs, increasing the resilience of urban communities while limiting gentrification.

Real Estate Values and Urban Quality: A Multiple Linear Regression Model for Defining an Urban Quality Index

Urban quality, real estate values and property taxation are different factors that participate in defining how a city is governed. Real estate values are largely determined by the characteristics of urban environments in which properties are located and, thus, by quality of the location. Beginning with these considerations, this paper explores the theme of urban quality through a study of property values that seeks to define all physical (and thus measurable) characteristics that participate in defining urban quality. For this purpose, a multiple linear regression model was developed for reading the residential real estate market in the city of Pescara (Italy). In addition to the intrinsic characteristics of a property (floor area, period of construction/renovation, level, building typology and presence of a garage), input also included extrinsic data represented by the Urban Quality Index. Scientific literature on this theme tells us that many independent variables influence real estate prices, although all are linked to a set of intrinsic characteristics (property-specific) and to a set of extrinsic characteristics (specific to the urban context in which the property is located) and, thus, to the quality of urban environments. The index developed was produced by the analytical and simultaneous reading of four macrosystems with the greatest impact on urban quality: environment, infrastructure, settlement and services (each with its own subsystems). The results obtained made it possible to redefine proportional ratios between various parts of the city of Pescara, based on a specific Urban Quality Index, and to recalculate market property values used to calculate taxes in an attempt to resolve the inequality that persists in this field.

Economics of disaster recovery and earthquake insurance: Five essays on New Zealand

<p>The Canterbury earthquake sequence (2010-2011) was the most devastating catastrophe in New Zealand‘s modern history. Fortunately, in 2011 New Zealand had a high insurance penetration ratio, with more than 95% of residences being insured for these earthquakes. This dissertation sheds light on the functions of disaster insurance schemes and their role in economic recovery post-earthquakes. The first chapter describes the demand and supply for earthquake insurance and provides insights about different public-private partnership earthquake insurance schemes around the world. In the second chapter, we concentrate on three public earthquake insurance schemes in California, Japan, and New Zealand. The chapter examines what would have been the outcome had the system of insurance in Christchurch been different in the aftermath of the Canterbury earthquake sequence (CES). We focus on the California Earthquake Authority insurance program, and the Japanese Earthquake Reinsurance scheme. Overall, the aggregate cost of the earthquake to the New Zealand public insurer (the Earthquake Commission) was USD 6.2 billion. If a similar-sized disaster event had occurred in Japan and California, homeowners would have received only around USD 1.6 billion and USD 0.7 billion from the Japanese and Californian schemes, respectively. We further describe the spatial and distributive aspects of these scenarios and discuss some of the policy questions that emerge from this comparison. The third chapter measures the longer-term effect of the CES on the local economy, using night-time light intensity measured from space, and focus on the role of insurance payments for damaged residential property during the local recovery process. Uniquely for this event, more than 95% of residential housing units were covered by insurance and almost all incurred some damage. However, insurance payments were staggered over 5 years, enabling us to identify their local impact. We find that night-time luminosity can capture the process of recovery; and that insurance payments contributed significantly to the process of local economic recovery after the earthquake. Yet, delayed payments were less affective in assisting recovery and cash settlement of claims were more effective than insurance-managed repairs. After the Christchurch earthquakes, the government declared about 8000 houses as Red Zoned, prohibiting further developments in these properties, and offering the owners to buy them out. The government provided two options for owners: the first was full payment for both land and dwelling at the 2007 property evaluation, the second was payment for land, and the rest to be paid by the owner‘s insurance. Most people chose the second option. Using data from LINZ combined with data from Stats NZ, the fourth chapter empirically investigates what led people to choose this second option, and how peer effect influenced the homeowners‘ choices. Due to climate change, public disclosure of coastal hazard information through maps and property reports have been used more frequently by local government. This is expected to raise awareness about disaster risks in local community and help potential property owners to make informed locational decision. However, media outlets and business sector argue that public hazard disclosure will cause a negative effect on property value. Despite this opposition, some district councils in New Zealand have attempted to implement improved disclosure. Kapiti Coast district in the Wellington region serves as a case study for this research. In the fifth chapter, we utilize the residential property sale data and coastal hazard maps from the local district council. This study employs a difference-in-difference hedonic property price approach to examine the effect of hazard disclosure on coastal property values. We also apply spatial hedonic regression methods, controlling for coastal amenities, as our robustness check. Our findings suggest that hazard designation has a statistically and economically insignificant impact on property values. Overall, the risk perception about coastal hazards should be more emphasized in communities.</p>

Economics of disaster recovery and earthquake insurance: Five essays on New Zealand

<p>The Canterbury earthquake sequence (2010-2011) was the most devastating catastrophe in New Zealand‘s modern history. Fortunately, in 2011 New Zealand had a high insurance penetration ratio, with more than 95% of residences being insured for these earthquakes. This dissertation sheds light on the functions of disaster insurance schemes and their role in economic recovery post-earthquakes. The first chapter describes the demand and supply for earthquake insurance and provides insights about different public-private partnership earthquake insurance schemes around the world. In the second chapter, we concentrate on three public earthquake insurance schemes in California, Japan, and New Zealand. The chapter examines what would have been the outcome had the system of insurance in Christchurch been different in the aftermath of the Canterbury earthquake sequence (CES). We focus on the California Earthquake Authority insurance program, and the Japanese Earthquake Reinsurance scheme. Overall, the aggregate cost of the earthquake to the New Zealand public insurer (the Earthquake Commission) was USD 6.2 billion. If a similar-sized disaster event had occurred in Japan and California, homeowners would have received only around USD 1.6 billion and USD 0.7 billion from the Japanese and Californian schemes, respectively. We further describe the spatial and distributive aspects of these scenarios and discuss some of the policy questions that emerge from this comparison. The third chapter measures the longer-term effect of the CES on the local economy, using night-time light intensity measured from space, and focus on the role of insurance payments for damaged residential property during the local recovery process. Uniquely for this event, more than 95% of residential housing units were covered by insurance and almost all incurred some damage. However, insurance payments were staggered over 5 years, enabling us to identify their local impact. We find that night-time luminosity can capture the process of recovery; and that insurance payments contributed significantly to the process of local economic recovery after the earthquake. Yet, delayed payments were less affective in assisting recovery and cash settlement of claims were more effective than insurance-managed repairs. After the Christchurch earthquakes, the government declared about 8000 houses as Red Zoned, prohibiting further developments in these properties, and offering the owners to buy them out. The government provided two options for owners: the first was full payment for both land and dwelling at the 2007 property evaluation, the second was payment for land, and the rest to be paid by the owner‘s insurance. Most people chose the second option. Using data from LINZ combined with data from Stats NZ, the fourth chapter empirically investigates what led people to choose this second option, and how peer effect influenced the homeowners‘ choices. Due to climate change, public disclosure of coastal hazard information through maps and property reports have been used more frequently by local government. This is expected to raise awareness about disaster risks in local community and help potential property owners to make informed locational decision. However, media outlets and business sector argue that public hazard disclosure will cause a negative effect on property value. Despite this opposition, some district councils in New Zealand have attempted to implement improved disclosure. Kapiti Coast district in the Wellington region serves as a case study for this research. In the fifth chapter, we utilize the residential property sale data and coastal hazard maps from the local district council. This study employs a difference-in-difference hedonic property price approach to examine the effect of hazard disclosure on coastal property values. We also apply spatial hedonic regression methods, controlling for coastal amenities, as our robustness check. Our findings suggest that hazard designation has a statistically and economically insignificant impact on property values. Overall, the risk perception about coastal hazards should be more emphasized in communities.</p>

You Won't be My Neighbor: Opposition to High Density Development

Virtually every city in the United States bans multifamily homes in at least some neighborhoods, and in many cities most residential land is restricted to single family homes. This is the case even though many metropolitan areas are facing skyrocketing housing costs and increased environmental degradation that could be alleviated by denser housing supply. Some scholars have argued that an unrepresentative set of vocal development opponents are the culprits behind this collective action failure. Yet, recent work suggests that opposition to density may be widespread. In this research note, I use a conjoint survey experiment to provide evidence that preferences for single-family development are ubiquitous. Across every demographic subgroup analyzed, respondents preferred single-family home developments by a wide margin. Relative to single family homes, apartments are viewed as decreasing property values, increasing crime rates, lowering school quality, increasing traffic, and decreasing desirability.

Analyzing the Influence of Metro Stations on Commercial Property Values in Delhi: A Hedonic Approach

The effect of proximity to a transit system on property values has become a key issue of debate regarding public infrastructure and economic development. This article aims to examine the impact of selected stations along the Blue line of Delhi Mass Rapid Transit System (MRTS) on commercial property prices. The research analyzed 1,413 commercial property parcels sold before and after the commissioning of Blue line in 2005. Hedonic Price Analysis (HPA) was used to estimate the effects of proximity to the metro rail on commercial property values. The method was applied to two time periods, i.e., from 2000-2004 and 2005-2008, coinciding with planning and construction (pre-commissioning phase and the operation phase (post-commissioning phase) of metro rail using actual sale prices of commercial units. The results indicate that a station node shows a negative trend during the planning and construction period. However, the operation period has produced a significant price premium associated with commercial properties, connected with improved accessibility. The coefficients indicate that MRTS has induced an increase in prices from INR 732.80 to INR 246.19, and its radius of impact covers an area of approximately 1/2 km from the stations. The methodology and results provide insight with a specific focus on commercial real estate values in other metropolitan cities developing and expanding MRTSs.

Deconstructing the New Zealand Transport Agency Economic Evaluation Manual: Bringing the best research on transportation and its economic benefit into the applied New Zealand context

<p>This paper explores the New Zealand Transport Agency Economic Evaluation Manual from the perspective of best practices in international literature. Drawing upon research from the international community and policy-focused bodies like the OECD, the paper seeks to improve the NZTA EEM’s quality by employing hedonic and revealed-preference methods to create a more accurate tool to derive the value of certain transport investments. The paper finds that the value of time in New Zealand is far too low, the discount regime improperly reflects the nature of such investments, cycling benefits are undervalued, and property values are not accounted for as well as they could be. The paper then applies these findings to the recently-completed Public Transport Spine Study in Wellington, New Zealand to illustrate the importance of accurate economic evaluation of transport investments.</p>