This model is the first to solve for the optimal timing of childbirth and number of children in a continuous time framework simultaneously. The model depicts how changes in wage at different stages of an individual’s life influence the timing decision of childbirth and the optimal number of...

The Amazon basin is a key component of the global carbon cycle. The old-growth rainforests in the basin represent storage of ~ 120 petagrams of carbon (Pg C) in their biomass. Annually, these tropical forests process approximately 18 Pg C through respiration and photosynthesis. This is more than...

Industrial manufacturing is based on a variety of energy sources, e.g. electricity, oil, and gas. Electricity appears to be particularly relevant to operate most types of industrial production equipment in an environmentally friendly manner. Aside from production machines, intralogistics...

A manufacturing company's production-related decision-making is to a large extent characterized by machine scheduling and support device operations management. All these industrial equipment types consume energy, often in the form of electricity. This electricity is more and more provided by...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...