Bucket pricing entails a prepaid price and a maximum consumption limit, which requires consumers to make advance purchase decisions before their consumption needs are fully revealed. We propose a dynamic model that involves how consumers form expectations of future consumption needs, learn to...

"We survey and evaluate selected participatory tools that have been proven effective in natural resources management and research during our extensive experience with forest communities. We first establish a framework for our analysis by identifying a set of criteria for evaluating each tool....

"Dr. Anderson's article provides a concise description of classical and Bayesian analyses regarding resource issues. It is a reassuring account of the cognitive difficulties associated with Bayesian results (at least reassuring to those of us who have had such difficulties and wondered if we...

[This item is a preserved copy. To view the original, visit http://econtheory.org/] We study a game of strategic experimentation with two-armed bandits where the risky arm distributes lump-sum payoffs according to a Poisson process. Its intensity is either high or low, and unknown to the...

Thesis (Ph. D.)--University of Rochester. William E. Simon Graduate School of Business Administration, 2008.

Based on a previous study by Amador and Weill (2009), I study thediffusion of dispersed private information in a large economy subject to a”catastrophe risk” state. I assume that agents learn from the actions of oth-ers through two channels: a public channel, that represents learning...

Unchecked anthropogenic climate change has the potential to destroy human lives and wealth on an unprecedented scale. This dissertation analyzes from an economic perspective various public policy options to correct the market failures caused by climate change.The widespread adoption of...

University of Minnesota Ph.D. dissertation. August 2009. Major: Economics. Advisor: Narayana Kocherlakota. 1 computer file (PDF); iv, 65 pages, appendices A-B.

The predictability of the US-based international mutual fund returns has receivedrenewed consideration in recent academic studies. This dissertation extends recent research byexploring the 2,479 daily return observations covering the period from January 4, 1993 toOctober 31, 2002 for all...

Diese Dissertation setzt sich zusammen aus drei separaten Aufsätzen, welche sich aus empirischer Sicht mit verschiedenen Aspekten der Zusammenhänge zwischen Finanzmärkten und der Makroökonomie beschäftigen. Kapitel 1 ("Long Horizon Consumption Risk and the Cross-Section of Returns: New...