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Sequential Search With Ordinal Ranks and Cardinal Values: An Infinite Discounted Secretary Problem

Palley, Asa Benjamin - 2009

We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...

Persistent link: https://www.econbiz.de/10009450709

ESSAYS IN EMPIRICAL INDUSTRIAL ORGANIZATION

Chesnes, Matthew William - 2009

of refineries partially offsets the large reduction in consumer surplus. As the theory predicts, these shocks have a …

Persistent link: https://www.econbiz.de/10009450802

The Economics of Nuclear Power

Horst, Ronald L - 2006

power involves risk, and accident costs are borne both by plant owners and the public. Authorities regulate the industry and …

Persistent link: https://www.econbiz.de/10009450940

Strategic power plant investment planning under fuel and carbon price uncertainty

Geiger, Ansgar - 2011

The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of...

Persistent link: https://www.econbiz.de/10009434605

Intertemporal asset allocation strategies under inflationary risk

Hsiao, Chih-Ying - 2006

risk and its impact on intertemporal asset allocation strategies. The contributions of this dissertation to the current … literature are as follows.First, in considering inflation risk, Merton's continuous-time framework of the intertemporal model is … for consumption. (ii) A time-varying price level will affect the portfolio strategies because the implied inflation risk …

Persistent link: https://www.econbiz.de/10009452633

Dynamic Demand for New and Used Durable Goods without Physical Depreciation

Ishihara, Masakazu - 2011

This thesis studies the interaction between new and used durable goods without physical depreciation. In product categories such as CDs/DVDs and video games, the competition from used goods markets has been viewed as a serious problem by producers. These products physically depreciate...

Persistent link: https://www.econbiz.de/10009455360

Water scarcity and optimal pricing of water

Sağlam, Yiğit - 2010

In the first chapter, I consider the institutional structures as well as the doctrines typically encountered in the surface water sector. To investigate the sources and methods of government support in the water sector, I categorize different sorts of government support according to the location...

Persistent link: https://www.econbiz.de/10009466095

Dynamic Pricing of Limited Inventories When Customers Negotiate

Ahn, Hyun-Soo - 2010

Although take-it-or-leave-it pricing is the main mode of operation for many retailers, a number of retailers discreetly allow price negotiation when some haggle-prone customers ask for a bargain. At these retailers, the posted price, which itself is subject to dynamic adjustments in response to...

Persistent link: https://www.econbiz.de/10009477224

For sale by owner: When to use a broker and how to price the house

Salant, Stephen W. - 1991

By using a broker, the owner of a house can speed up his search for buyers but must pay a percentage of the sale price as a commission. Nonstationarities inherent in the housing market may make it optimal to market a house “by-owner” at the outset and to retain a broker only if the house...

Persistent link: https://www.econbiz.de/10009477288

Staffing decisions for heterogeneous workers with turnover

Ahn, Hyun-Soo; Righter, Rhonda; Shanthikumar, J. George - 2005

In this paper we consider a firm that employs heterogeneous workers to meet demand for its product or service. Workers differ in their skills, speed, and/or quality, and they randomly leave, or turn over. Each period the firm must decide how many workers of each type to hire or fire in order to...

Persistent link: https://www.econbiz.de/10009477350