Now showing items 1-4 of 4
Monte Carlo Valuation of natural gas investments
This paper deals with the valuation of energy assets related to natural gas. In particular, we evaluate a baseload Natural Gas Combined Cycle (NGCC) power plant and an ancillary instalation, namely a Liquefied Natural Gas ...
Adam Smith on labour and value: challenging the standard interpretation
This paper has two parts. In the first I critically analyze Smith’s refutation of the labor theory of value in book I, chapter 6 of his “Wealth of Nations”. My thesis is that Smith’s refutation is unsound and that Ricardo ...
A noncooperative view on two consistent aiport cost sharing rules
This paper provides a noncooperative understanding of the nucleolus and the egalitarian allocation for airport cost problems. We find that every Nash equilibrium of the noncooperative game has the nucleolus as outcome while ...
The Language Game: A Game-Theoretic Approach to Language Contact
We study a society inside which two official languages, the majority language A and the minority language B, are in contact and compete for the same social functions. We propose a non-cooperative game to capture some ...