(GAS) model is employed for modeling the dynamics of the day-ahead and month-ahead spot market prices, as well as the time …

. First, empirical data are often characterized by time-varying volatility and fat tails; therefore we use Gaussian GAS … consistently underestimate the value of project flexibility and in general lead to overly conservative investment decisions in the … presence of time dependent stochastic structures. …

I show that the irreversibility of dying coupled with gradual information acquisition over time on the likely arrival … pandemic.The case for lockdown strategies becomes stronger the more likely vaccine discovery is, and the less uncertainty …

timing of investment. We model investment using a Stone-Geary production function (Leontief and Cobb-Douglas are special …

and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy …

themselves. Fragmentation, demand uncertainty, and investment costs determine the timing of acquisitions. …