Department of Defense profit policy and capital investment in the military aircraft industry
Article Abstract:
Time series analysis of data from four military aerospace contractors sheds light on the impact of two Department of Defense policies on military aircraft investments. Progress payments offered by the agency for labor and material reimbursement did not serve as an incentive for labor and material substitution for production capital. However, there exists a positive relationship between the facilities capital markup rate and capital investment. The results suggest that such policies have successfully led the defense sector in catching up with the private sector.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
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"Swap" covered interest parity in long-date capital markets
Article Abstract:
The covered interest parity condition in long-date capital markets was evaluated using the currency swap as the forward-exchange risk hedge. Focus is on the extent to which transaction costs affect parity deviations. Net deviations were found to be neither rare nor short-lived even if transaction costs usually account for parity deviations. An analysis of the covered interest parity's variance structure shows that profit opportunities diminish and eventually disappear through time.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1996
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Valuing the characteristics of natural gas vehicles: an implicit markets approach
Article Abstract:
Mathematical models were constructed to evaluate consumer surplus losses stemming from government legislation requiring the substitution of gasoline cars with natural gas cars. Results indicate that costs of the natural gas cars are far greater than the immediate health benefits of such reductions. The costs of this government policy appear to match those of alternative approaches for reducing vehicular emissions.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1996
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