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Some U.S. states have set clean energy goals and targets in an effort to decarbonize their electricity sectors. There are many reasons for such goals and targets, including the increasingly apparent effects of climate change. A handful of…
We study an individual-based model in which two spatially-distributed species, characterized by different diffusivities, compete for resources. We consider three different ecological settings. In the first, diffusing faster has a cost in…
To make medium- and long-term insurance products attractive, it is essential to enable participation in stock market returns. However, to eliminate downside risk, guarantees must be included, which naturally leads to the challenge of…
Investment in renewable electricity generation is highly capital intensive and therefore strongly dependent on financing conditions. In Europe, much of this investment has occurred under public support schemes that resemble long-term public…
Greenhouse gas emissions from the residential sector represent a significant fraction of global emissions. Governments and utilities have designed incentives to stimulate the adoption of decarbonization technologies such as rooftop PV and…
We study the excludable public project model where the decision is binary (build or not build). In a classic excludable and binary public project model, an agent either consumes the project in its whole or is completely excluded. We study a…
With the internet, a massive amount of information on species abundance can be collected under citizen science programs. However, these data are often difficult to use directly in statistical inference, as their collection is generally…
We study a cost sharing problem derived from bug bounty programs, where agents gain utility by the amount of time they get to enjoy the cost shared information. Once the information is provided to an agent, it cannot be retracted. The goal,…
'Evolutionary rescue' is the potential for evolution to enable population persistence in a changing environment. Even with eventual rescue, evolutionary time lags can cause the population size to temporarily fall below a threshold…
Open space grassland is being increasingly farmed or built upon, leading to a ramping up of conservation efforts targeting roadside verges. Approximately half of all UK grassland species can be found along the country's 500,000 km of roads,…
The growing demand in mobile Internet access calls for high capacity and energy efficient cellular access with better cell coverage. The in-band relaying solution, proposed in LTE-Advanced, improves coverage without requiring additional…
We find the minimum probability of lifetime ruin of an investor who can invest in a market with a risky and a riskless asset and can purchase a deferred annuity. Although we let the admissible set of strategies of annuity purchasing process…
Diffusion auction design is a new trend in mechanism design for which the main goal is to incentivize existing buyers to invite new buyers, who are their neighbors on a social network, to join an auction even though they are competitors.…
In this paper, we develop a new method for finding an optimal biddingstrategy in sequential auctions, using a dynamic programming technique. Theexisting method assumes that the utility of a user is represented in anadditive form. Thus, the…
1. Passive acoustic monitoring of biodiversity is growing fast, as it offers an alternative to traditional aural point count surveys, with the possibility to deploy long-term acoustic surveys in large and complex natural environments.…
This paper studies mechanism design for auctions with externalities on budgets, a novel setting where the budgets that bidders commit are adjusted due to the externality of the competitors' allocation outcomes-a departure from traditional…
The climate-driven uncertainty of renewable generation and electricity demand challenges energy security in net-zero energy systems. By introducing a scalable stochastic model that implicitly accounts for 51'840 climate years, this paper…
Sustainable agriculture in the 21st century requires the production of sufficient food while reducing the environmental impact and safeguarding human livelihoods. Many studies have confirmed agricultural diversification practices such as…
The European Union (EU) aims to reach carbon neutrality by 2050. This requires capturing CO2, eventually transporting it to different regions, and either converting it into valuable products or sequestering it underground. Although the…
Auctions have been proposed as a way to provide economic incentives for primary users to dynamically allocate unused spectrum to other users in need of it. Previously proposed schemes do not take into account the fact that the power…