This research examines the stock markets' evaluation of unrecognized nuclear decommissioning costs (NDC) of investor-owned utilities. Current practice is to defer complete recognition of a liability for nuclear decommissioning until the end of the nuclear facility's life. Many in the industry...

A series of laboratory asset markets is conducted to examine the effect of noisy information releases on security prices. The price reaction to a given information release has been hypothesized to be positively related to the degree of uncertainty just prior to the release and negatively related...

We show that observed choices in discounting experiments are consistent with roughly one-half of the subjects using exponential discounting and one-half using quasi-hyperbolic discounting. We characterize the latent data generating process using a mixture model which allows different subjects to...