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1,169
Revisiting the Cost Escalation Curse of Nuclear Power: New Lessons from the French Experience. Interdisciplinary Institute for Innovation,
, 2012
"... Abstract Since the first wave of nuclear reactors in 1970 to the construction of Generation III+ reactors in Finland and France in 2005 and 2007 respectively, nuclear power seems to be doomed to a cost escalation curse. In this paper we reexamine this issue for the French nuclear power fleet. Using ..."
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Cited by 8 (0 self)
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Abstract Since the first wave of nuclear reactors in 1970 to the construction of Generation III+ reactors in Finland and France in 2005 and 2007 respectively, nuclear power seems to be doomed to a cost escalation curse. In this paper we reexamine this issue for the French nuclear power fleet
14 | Third Quarter 2013 Revisiting the Nuclear Power Construction Costs Escalation Curse
"... Nuclear power competitiveness depends on its capital costs, inasmuch as they represent, on average, 80 % of the levelized cost of electricity. However, from the first wave of nuclear reactors constructed back in the late 60’s and 70’s, to the on-going construction of Generation III+ reactors in Finl ..."
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in Finland and France, nuclear power seems to be doomed to a cost escalation curse.
The Swing voter’s Curse
- American Economic Review
, 1996
"... We analyze two-candidate elections in which some voters are uncertain about the realization of a state variable that affects the utility of all voters.. We demonstrate the existence of a swing voter's curse: less informed indifferent voters strictly prefer to abstain rather than vote for either ..."
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Cited by 187 (3 self)
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We analyze two-candidate elections in which some voters are uncertain about the realization of a state variable that affects the utility of all voters.. We demonstrate the existence of a swing voter's curse: less informed indifferent voters strictly prefer to abstain rather than vote
Knee-deep in the big muddy: a study of escalating commitment to a chosen course of action. Organizational Behavior and Human Performance 16
, 1976
"... It is commonly expected that individuals will reverse decisions or change behaviors which result in negative consequences. Yet, within investment decision contexts, negative consequences may actually cause decision makers to increase the commitment of resources and undergo the risk of further negati ..."
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Cited by 246 (1 self)
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negative conse-quences. The research presented here examined this process of escalating commitment through the simulation of a business investment decision. Specifi-cally, 240 business chool students participated in a role-playing exercise in which personal responsibility and decision consequences were
The linear programming approach to approximate dynamic programming
- Operations Research
, 2001
"... The curse of dimensionality gives rise to prohibitive computational requirements that render infeasible the exact solution of large-scale stochastic control problems. We study an efficient method based on linear programming for approximating solutions to such problems. The approach “fits ” a linear ..."
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Cited by 225 (16 self)
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The curse of dimensionality gives rise to prohibitive computational requirements that render infeasible the exact solution of large-scale stochastic control problems. We study an efficient method based on linear programming for approximating solutions to such problems. The approach “fits ” a linear
Delegating Decisional Rights for Investment Projects: Lifting the Curse of Unwarranted Escalation?∗ Chee-Wee, Tan†
, 2009
"... Unwarranted escalation of investment projects has been a predominant problem confronting organizations. This study devises a contract in a principal-agent relationship to contain an agent’s unwarranted escalation behavior. We investigate whether the inducement of optimal investment decisions are alw ..."
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Unwarranted escalation of investment projects has been a predominant problem confronting organizations. This study devises a contract in a principal-agent relationship to contain an agent’s unwarranted escalation behavior. We investigate whether the inducement of optimal investment decisions
The Curse of Simultaneity
"... Typical models of strategic interactions in computer science use simultaneous move games. However, in applications simultaneity is often hard or impossible to achieve. In this paper, we study the robustness of the Nash Equilibrium when the assumption of simultaneity is dropped. In particular we prop ..."
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Cited by 8 (1 self)
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of their sequential version is a much more natural prediction, ruling out unreasonable equilibria, and leading to much better quality solutions. We consider three examples of such games: Cost Sharing
On the escalation and de-escalation of conflict
- Games and Economic Behaviour
"... We introduce three extensions of the Hirshleifer-Skaperdas conflict game to study experi-mentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated player ..."
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Cited by 2 (0 self)
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players can lead to lower appropriative efforts and higher overall ef-ficiency. With repeated interaction, appropriative efforts are considerably reduced because some groups manage to avoid fighting altogether, often after substantial initial conflict. To attain peace, players must first engage in costly
The Curse of Inflation
, 2014
"... This paper proposes a model that explains the nonneutrality of money from two well-documented psychological assumptions. The model incorporates into the general-equilibrium monopolistic-competition framework of Blanchard and Kiyotaki [1987] the psychological as-sumptions that (1) consumers dislike p ..."
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paying a price that exceeds some “fair ” markup on firms’ marginal costs, and (2) consumers do not know firms ’ marginal costs and fail to infer them from prices. The first assumption in isolation renders the economy more competitive with-out changing any of its qualitative properties; in particular
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