three modified hydrological models can reproduce daily streamflow series with acceptable accuracy. When the threshold value … degree (AAD) are found, when the threshold value increases for both daily-flows and high-flows. However, there is a … significant inconsistence between sensitivity of daily-flows and high-flows to various threshold values of the likelihood function …

, irreversibility, the availability of alternatives, and a comparison with other complex issues. Some implications for an effective …

degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital … partial irreversibility. …

emphasise the importance of flexible modelling in order to capture irreversibility. In particular, we stretch a discrete model … opportunities. Moreover, we take explicit account of how uncertainty interacts with two types of irreversibility: sunk costs …

irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … this literature. A variety of methods have been used to investigate the empirical implication of irreversibility in …