BAYESIAN ANALYSIS OF BUBBLES IN ASSET PRICES

Bayesian Analysis of Bubbles in Asset Prices

We develop a new model where the dynamic structure of the asset price, after the fundamental value is removed, is subject to two different regimes.One regime reflects the normal period where the asset price divided by the dividend is assumed to follow a mean-reverting process around a stochastic long run mean.The second regime reflects the bubble p

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Methodology for generating wildfire hazard map for safety assessment of off-site power systems against wildfires

Nuclear power plants (NPPs) transfer electricity using off-site power systems.Wildfires can disrupt these systems and cause a loss of off-site power, which can impact the operation of NPPs.In South Korea, wildfire Handbags incidents in 2000 and 2022 interrupted the operation of off-site power systems, affecting the NPPs.Furthermore, rising temperat

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