Energy management within microgrids under the presence of large number of renewables such as photovoltaics is complicated due to uncertainties involved. Randomness in energy production and consumption make both the prediction and optimality of exchanges challenging. In this paper, we evaluate the impact of uncertainties on optimality of different r...
Abstract: We present an experimental framework to study the extent to which failures of contingent thinking explain classic anomalies in a broad class of environments, including overbidding in auctions and the Ellsberg paradox. We study environments in which the subject’s choices affect payoffs only in some states, but not in others. We find that a...
Background Evaluating academics is a challenge, and the use of indicators such as scientific impact (i.e. number published papers their citation rate) complex poorly validated. We propose new indicator for academic medical research: “Free lunches” index ( fl -index), computed from sum gifts industry. The -index provides direct straightforward measu...
Individual demand for emerging technologies can be influenced by the demand of other individuals within defined peer groups. These so-called peer effects have been demonstrated in emerging clean energy technologies such as rooftop solar. To date, peer effects have disproportionately driven solar adoption among relatively affluent households. Here, ...
Published in International journal of nursing studies
Extensive research shows associations between increased nurse staffing levels, skill mix and patient outcomes. However, showing that improved staffing levels are linked to improved outcomes is not sufficient to provide a case for increasing them. This review of economic studies in acute hospitals aims to identify costs and consequences associated w...
Do exchange rate movements matter for how markets price foreign currency denominated sovereign bonds? High-frequency bond price data from 1931 show that depreciation against the dollar/gold was associated with elevated risk premia on US dollar/gold public debt. We use a theoretical model to illustrate how foreign currency debt influences exchange r...
status: accepted
The need to monitor aggregate financial stability was made clear during the global financial crisis of 2008-2009, and, of course, the need to monitor individual financial firms from a microprudential standpoint remains. However, linkages between financial firms cannot be observed or measured easily. In this paper, we propose a procedure that genera...
