-
Optimal response to a shift in regulatory regime: The case of the US nuclear ...
This paper studies the impact of the March 1979 Three Mile Island (TMI) accident on the regulation of nuclear power plants (NPPs) and its consequences for the operating... -
An investigation of the harvest decision of timber firms in the south-east Un...
In the forestry literature, stochastic extensions of the classic Faustmann model have become the predominant models of optimal harvesting on even-aged timber stands. A recent... -
An empirical model of asset replacement in dairy production (replication data)
Throughout the US dairy farm industry, observed rates of dairy cow replacement consistently exceed the rates prescribed as optimal by dairy economists. We attempt to uncover the... -
Analysing incomplete individual employment histories using indirect inference...
In this paper we apply the Indirect Inference method to estimate the parameters of a semi-Markov transition model when the data are subject to a complex form of censoring. There... -
Estimating a nonlinear rational expectations commodity price model with unobs...
This paper is concerned with the estimation of a model in which a possibly serially correlated stochastic process, the harvest of an agricultural commodity, generates a... -
Estimation of equilibrium wage distributions with heterogeneity (replication ...
Equilibrium search models generalize the one-sided models used earlier by endogenizing the wage offer distribution. Attempts to estimate versions of these equilibrium n search... -
Real-time pricing of electricity for residential customers: Econometric analy...
Under real-time pricing, a network operator sets the price level for a period according to a predefined scheme which depends on the state of demand and costs, and announces this...
