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Sequential Search With Ordinal Ranks and Cardinal Values: An Infinite Discounted Secretary Problem
Palley, Asa Benjamin - 2009
We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...
Persistent link: https://www.econbiz.de/10009450709
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ESSAYS IN EMPIRICAL INDUSTRIAL ORGANIZATION
Chesnes, Matthew William - 2009
of refineries partially offsets the large reduction in consumer surplus. As the theory predicts, these shocks have a …
Persistent link: https://www.econbiz.de/10009450802
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The Economics of Nuclear Power
Horst, Ronald L - 2006
We extend economic analysis of the nuclear power industry by developing and employing three tools. They are 1) compilation and unification of operating and accounting data sets for plants and sites, 2) an abstract industry model with major economic agents and features, and 3) a model of nuclear...
Persistent link: https://www.econbiz.de/10009450940
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A comparison of five robust regression methods with ordinary least squares: relative efficiency, bias and test of the null hypothesis
Anderson, Cynthia - 2001
A Monte Carlo simulation was used to generate data for a comparison of five robust regression estimation methods with ordinary least squares (OLS) under 36 different outlier data configurations. Two of the robust estimators, Least Absolute Value (LAV) estimation and MM estimation, are...
Persistent link: https://www.econbiz.de/10009475082
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Learning processes of dynamically optimizing heterogeneous agents
Gerlach, Philipp - 2011
theory tries to explain how rational expectations could be the outcome of optimising behaviour. However, in the face of …
Persistent link: https://www.econbiz.de/10009454934
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A Representation of Partially Ordered Preferences
Seidenfeld, Teddy; Schervish, Mark J.; Kadane, Joseph B. - 1995
, de Finetti, Savage and Anscombe and Aumann in giving axioms for a theory of robust preferences. We establish that …
Persistent link: https://www.econbiz.de/10009441010
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Simulating Statistical Power Curves with the Bootstrap and Robust Estimation
Herrington, Richard S. - 2001
to power planning (Cohen, 1988) usually focus on normal theory settings and in general do not make available … that: 1) bootstrap confidence intervals using Mestimators gave shorter confidence intervals than the normal theory … normal theory counterpart when the data had heavy tailed distributions; 3) the smoothed bootstrap controls type I error rate …
Persistent link: https://www.econbiz.de/10009475066
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Strategic power plant investment planning under fuel and carbon price uncertainty
Geiger, Ansgar - 2011
The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of...
Persistent link: https://www.econbiz.de/10009434605
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Optimal growth and uncertainty: learning
Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2009
We introduce learning in a Brock-Mirman environment and study the effect of risk generated by the planner's econometric activity on optimal consumption and investment. Here, learning introduces two sources of risk about future payoffs: structural uncertainty and uncertainty from the anticipation...
Persistent link: https://www.econbiz.de/10009440907
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MODELLING THE DYNAMICS OF PRODUCTION ADJUSTMENT TO SHORT-TERM MARKET SHOCKS
Niemi, Jarkko K.; Lehtonen, Heikki - 2008
Models of agricultural economics typically operate at an annual basis or in a static equilibriumframework where inputs, outputs and their prices may change considerably. Production dynamics,however, imply that models relying on spatial and temporal aggregation do not capture the effects...
Persistent link: https://www.econbiz.de/10009443254