This paper extends the results of Jovanovic and Rosenthal (1988) on the existence of equilibrium in anonymous sequential games. They prove existence in the case where the aggregate distribution of agents' characteristics ...
Quantifying uncertainty in flood forecasting is a difficult task, given the multiple and strongly nonlinear
model components involved in such a system. Much effort has been and is being invested in
the quest of dealing ...
We analyse how progressive taxation and education subsidies affect schooling deci-
sions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic, ...
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic, ...
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic ...
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic ...
Nonphysically firm wind generation connections (i.e., those to which curtailment can apply) may be necessary for significant wind integration to congested transmission networks. A study of factors influencing this associated ...
The COST-731 action is focused on uncertainty propagation in hydro-meteorological forecasting chains. Goals and activities of the action Working Group 2 are presented. Five foci for discussion and research have been ...
This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty, firms decide whether to invest early or wait until
uncertainty has been resolved. A game that captures ...
COST funding allows European scientists establish international links, communicate their work to colleagues and promote international research cooperation. COST731 was established to study the propagation of uncertainty ...