We present an empirical model of optimal operation of nuclear power plants. The optimal
lifetime is the solution to an optimal stopping problem: The plant is closed when the …

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 behaviour …

DURING THE LAST DECADES significant progress has been made in developing and
applying (static) discrete choice models. Some of these analyses were based on earlier …

This paper presents a dynamic programming (DP) model of an electric utility's optimal policy
for operating a nuclear power plant (NPP). The utility chooses the level of capacity utilization …

This study was written while I was a doctoral student in the Graduier tenkolleg Finanz-und
Gutermiirkte at the University of Mannheim; it has been accepted as a doctoral dissertation …

The most popular survey method used in contingent valuations asks" open-ended"
dichotomous choice questions. This method generates grouped or interval-censored data …

In event history analysis, the problem of initial conditions is associated with the first spells
being left-hand censored (LHC). Currently there are two ways of treating the LHC spells: the …

In the econometric analysis of labor market transitions, the data generating process is often
specified as a continuous-time semi-Markovian process with a finite state space. With …

This paper studies a structural model of labor market history in an environment with duration
dependence. We treat the agent's job search effort explicitly as part of the dynamic decision …

Eine Vielzahl ökonomischer Entscheidungen ist diskreter Natur und weist ein
intertemporales, sequentielles Element auf. Beispiele sind das Ersatzproblem für dauerhafte …