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The impact of electricity storage on wholesale electricity prices
Nyamdash, Batsaikhan; Denny, Eleanor - Volkswirtschaftliche Fakultät, … - 2011
This paper analyzes the impact of electricity storage on the production cost of a power system and the marginal cost of electricity (electricity price) using a unit commitment model. Also real world data has been analyzed to verify the e®ect of storage operation on the electricity price using...
Persistent link: https://www.econbiz.de/10009372490
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Experimental Evidence on Valuation and Learning with Multiple Priors
Qiu, Jianying; Weitzel, Utz - Volkswirtschaftliche Fakultät, … - 2013
. This holds under ambiguity, but not in a comparison treatment under risk. …
Persistent link: https://www.econbiz.de/10011258993
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Genetically modified organisms in agriculture: social and economic implications
Davies, Ben; Richards, Caspian; Spash, Clive L.; … - Volkswirtschaftliche Fakultät, … - 2004
wider context scrutinised to assess potential consequences. Current risk regulation and GM legislation is narrowly defined …
Persistent link: https://www.econbiz.de/10011260900
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Rozmyte zbiory probabilistyczne jako narzędzie finansów behawioralnych
Piasecki, Krzysztof - Volkswirtschaftliche Fakultät, … - 2011
under uncertainty and imprecision risk. In the fifth part fuzzy probabilistic sets are applied for actuarial mathematics. …
Persistent link: https://www.econbiz.de/10011260964
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Individuals’ behaviour with respect to parking alternatives: a laboratory experiment
Bergantino, Angela Stefania; De Carlo, Angela; Morone, … - Volkswirtschaftliche Fakultät, … - 2015
attention has been devoted to understand how risk and uncertainty influence drivers’ behaviours in parking decision. This paper … risk and uncertainty. …
Persistent link: https://www.econbiz.de/10011266116
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Addressing risk challenges in a changing financial environment: the need for greater accountability in financial regulation and risk management
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011
forward to justify the growing importance of risks, well known risk theories such as cultural theory, risk society theory and … governmentality theory. “Socio cultural” explanations which relate to how risk is increasingly becoming embedded in organisations and … presence of risks and uncertainty – both in terms of certain externalities and indeterminacies which are capable of being …
Persistent link: https://www.econbiz.de/10009223349
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Forward dynamic utilities: a new model and new results
Moawia, Alghalith - Volkswirtschaftliche Fakultät, … - 2010
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344
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Preferences estimation without approximation
Moawia, Alghalith - Volkswirtschaftliche Fakultät, … - 2009
We devise an estimation methodology which allows preferences estimation and comparative statics analysis without a reliance on Taylor’s approximations and the indirect utility function.
Persistent link: https://www.econbiz.de/10008633357
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Solution of the Ellsberg paradox by means of the principle of uncertain future
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2008
The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first … an uniform solution of the underweighting of high and the overweighting of low probabilities, of the Allais paradox, risk …
Persistent link: https://www.econbiz.de/10005835901
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Scientific Revolution? A Farewell to EconWPA. MPRA is welcome.
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2006
uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …
Persistent link: https://www.econbiz.de/10005836335