Laboratory and field studies of time preference find that discount rates are much greater in the short-run than in the long-run. Hyperbolic discount functions capture this property. This paper solves the decision problem of a hyperbolic consumer who faces stochastic income and a borrowing...

As the incorporation of probabilistic climate change information into UK water resource management gathers apace, understanding the relative scales of the uncertainty sources in projections of future water shortage metrics is necessary for the resultant information to be understood and used...

The further integration of primary care within the wider health system is an imperative for reform in all countries. The aim of this paper is to determine the factors associated with general practitioner (GP) integration using the GP Integration Index which has been recently developed and is...

This paper extends the classic two-armed bandit problem to a many-agent setting in which I players each face the same experi- mentation problem.The main change from the single-agent prob- lem is that an agent can now learn from the current experimentation of other agents.Information is therefore...

This paper develops a model of pricing to deter entry by a sole supplier of a network good. The authors show that the installed user base of a network good can serve a preemptive function similar to that of an investment in capacity if the entrant's good is incompatible with the incumbent's good...