Inspired by the question of identifying the start time τ of financial bubbles, we address the calibration of time series in which the inception of the latest regime of interest is unknown. By taking into account the tendency of a given model to overfit data, we introduce the Lagrange...

The Mindanao electric power problem, which led to a crisis situation in summer 2012, is primarily due to inadequate baseload capacity and unbalanced generation capacity mix. The crisis might stage a comeback when the days of relatively cooler weather and heavier rainfall are over and the annual...

This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany's nuclear reactors while...