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| Kerr, William A.. |
| In recent years the United States has actively begun to engage in the negotiation of bilateral and regional trade agreements, a significant change from its long-standing commitment to the exclusive use of multilateral institutions for trade liberalization. While the "unequal economic power" effects of the strategic use of trade policy are well understood, the long-run implications of the creation of a queue for bilateral negotiations have been less fully explored. It is argued here that queuing creates vested interests that are antipathetic to multilateralism and threaten to erode the value of the WTO's "club good." As a result, the new two-track approach of the United States to trade negotiations may not be a sustainable policy. |
| Tipo: Journal Article |
Palavras-chave: Bilateralism; Club good; Queuing; International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/23865 |
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| Batabyal, Amitrajeet A.. |
| In this paper I propose and develop a new framework for modeling groundwater management issues. Specifically, I apply the methods of queuing theoryfor the first time, to the best of my knowledgeto model a groundwater management problem from a long-run perspective. I characterize two simple management regimes as two different kinds of queues and then show how to pose a manager's decision problem as an optimization problem using queuing theoretic techniques. I solve for certain fundamental quantities, such as the expected system size, and then discuss the economic meaning and relevance of the queuing concepts being used. I close by discussing possible extensions to my basic models. Published in Ecological Modelling 85 (2-3, 1996):219-27. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Groundwater; Management; Stochastic; Queuing; Theory; Resource /Energy Economics and Policy. |
| Ano: 1995 |
URL: http://purl.umn.edu/28349 |
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