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A climate treaty like the one which should replace the Kyoto Protocol after 2012, may have important impacts on the oil, gas and coal markets. The full impact of such a treaty will not be felt before 2030. In this paper one uses a computable general equili ...
This paper develops a DSGE model with housing, risky mortgages, and endogenous default. Housing investment is subject to idiosyncratic risk, and some mortgages are defaulted in equilibrium. An unanticipated increase in the standard deviation of housing inv ...
Auctions are widely used on the Web. Applications range from internet advertising to platforms such as eBay. In most of these applications the auctions in use are single/multi-item auctions with unit demand. The main drawback of standard mechanisms for thi ...
A large body of empirical evidence suggests that beliefs systematically deviate from perfect rationality. Much of the evidence implies that economic agents tend to form forecasts that are excessively influenced by recent changes. We present a parsimonious ...
This paper presents a game-theoretic model for the international negotiations that should take place to renew or extend the Kyoto protocol beyond 2012. These negotiations should lead to a self-enforcing agreement on a burden sharing scheme to realize the n ...
We present an operational framework for the calibration of demand models for dynamic traffic simulations. Our focus is on disaggregate simulators that represent every traveler individually. We calibrate, at a likewise individual level, arbitrary choice dim ...
The issue of climate change adaptation becomes increasingly important in Switzerland, which has already faced higher than average global warming during the last decades. Winter tourism is expected to be one of the Swiss sectors most at risk from climate ch ...
This paper presents a game-theoretic model for the international negotiations that should take place to renew or extend the Kyoto protocol beyond 2012. These negotiations should lead to a self-enforcing agreement on a burden sharing scheme to realize the n ...
The issue of climate change adaptation becomes increasingly important in Switzerland, which has already faced higher than average global warming during the last decades. Winter tourism is expected to be one of the Swiss sectors most at risk from climate ch ...
Based on 6 years of continuous measurements, we have analysed in detail the occupancy, thermal and visual parameters influencing actions on shading devices in order to derive an accurate model for the prediction of their usage in office buildings. This art ...
