Chance Constrained Model of Water Reservoir: Bounds on the Long-Run Distribution of the Water Stock

In this model, treating water release as a deterministic decision variable facilitated the transformation of the chance constraints into deterministic form. This was done for a fairly generalized profit function and without assuming an a priori specific form for the decision rule. Moreover, an approximation for the long-run distribution of the stock of water in the reservoir was derived that provided reasonable bounds for the expected value of the distribution. Such an approximation facilitates the design of an insurance scheme that internalizes the risk from the inflow's uncertainty. It also provides a rule of thumb against which a judgment as to whether too much or too little water is being stored

The Effect of a Random Planning Horizon on Production and Investment for Petroleum Reservoir -- A Note on Kuller's and Cumming's Model

There have been several formulations of models for crude oil production which tried to identify the elements of user cost and show their effect on production and investment decisions. In this chapter, previous results are extended by incorporating the uncertainty regarding the date of arrival of the backstop technology in the model. This uncertainty adds a new element to the user cost identified previously and is shown to affect the production and investment decisions

On the Retrospective Effect of Economic Conditions in Congressional Elections: A Simultaneous Equation Model Approach

In this paper, a simultaneous equation model is employed to investigate the relative effects of: (1) economic conditions, (2) incumbency, and (3) recognition of the presidential party’s candidate on the dual decisions of the individuals to participate and vote in congressional elections. My finding is decidedly negative regarding the effect of economic conditions on both turnout and voting for the presidential party. I have, however, established the relative effects of both incumbency and recognition

The Decline of Competition in Congressional Elections: Mayhew May Still be Right

Several theories have been advanced to explain the reduction in the number of competitive congressional districts during the past decade. Among these is Mayhew’s theory, which attributes the reduction to the increasing control of campaign resources by incumbents. Ferejohn presents evidence which casts doubt on Mayhew’s thesis. In this paper, Ferejohn’s evidence is examined within the framework of a simultaneous equation model. I conclude that Mayhew’s thesis, although bloodied by Ferejohn’s attack, is still very much alive

Chance Constrained Dynamic Programming Model of Water Reservoir with Joint Products

[No abstract

On the Retrospective Effect of Economic Conditions in Congressional Elections: A Simultaneous Equation Model Approach

In this paper, a simultaneous equation model is employed to investigate the relative effects of: (1) economic conditions, (2) incumbency, and (3) recognition of the presidential party’s candidate on the dual decisions of the individuals to participate and vote in congressional elections. My finding is decidedly negative regarding the effect of economic conditions on both turnout and voting for the presidential party. I have, however, established the relative effects of both incumbency and recognition

Chance Constrained Model of Water Reservoir: Bounds on the Long-Run Distribution of the Water Stock

In this model, treating water release as a deterministic decision variable facilitated the transformation of the chance constraints into deterministic form. This was done for a fairly generalized profit function and without assuming an a priori specific form for the decision rule. Moreover, an approximation for the long-run distribution of the stock of water in the reservoir was derived that provided reasonable bounds for the expected value of the distribution. Such an approximation facilitates the design of an insurance scheme that internalizes the risk from the inflow's uncertainty. It also provides a rule of thumb against which a judgment as to whether too much or too little water is being stored

The Decline of Competition in Congressional Elections: Mayhew May Still be Right

Several theories have been advanced to explain the reduction in the number of competitive congressional districts during the past decade. Among these is Mayhew’s theory, which attributes the reduction to the increasing control of campaign resources by incumbents. Ferejohn presents evidence which casts doubt on Mayhew’s thesis. In this paper, Ferejohn’s evidence is examined within the framework of a simultaneous equation model. I conclude that Mayhew’s thesis, although bloodied by Ferejohn’s attack, is still very much alive

The Effect of a Random Planning Horizon on Production and Investment for Petroleum Reservoir -- A Note on Kuller's and Cumming's Model

There have been several formulations of models for crude oil production which tried to identify the elements of user cost and show their effect on production and investment decisions. In this chapter, previous results are extended by incorporating the uncertainty regarding the date of arrival of the backstop technology in the model. This uncertainty adds a new element to the user cost identified previously and is shown to affect the production and investment decisions

Chance Constrained Dynamic Programming Model of Water Reservoir with Joint Products

[No abstract