Showing 1 - 10 of 2,198
Persistent link: https://www.econbiz.de/10011287152
Persistent link: https://www.econbiz.de/10003605723
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...
Persistent link: https://www.econbiz.de/10009419703
Persistent link: https://www.econbiz.de/10014513924
In this paper we analyze the relative importance and mutual behavior of two competing base-load electricity generation options that each are capable of contributing significantly to the abatement of global CO2 emissions: nuclear energy and coal-based power production complemented with CO2...
Persistent link: https://www.econbiz.de/10008824510
Persistent link: https://www.econbiz.de/10001974337
In matching markets the number of blocking pairs is often used as a criterion to compare matchings. We argue that this … changes, nor will it capture the satisfaction of the players with the matching. As an alternative, we set up two principles … objection against the given matching according to a bargaining set characterization of the set of stable matchings. We prove …
Persistent link: https://www.econbiz.de/10009126070
This paper shows that the framework proposed by Barberis and Huang (2009) to incorporate narrow framing and loss aversion into dynamic models of portfolio choice and asset pricing can be extended to also account for probability weighting and for a value function that is convex on losses and...
Persistent link: https://www.econbiz.de/10003970464
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367
Persistent link: https://www.econbiz.de/10012214234