Search Results - subject:"Non-concavity"

A generalized endogenous grid method for non-concave problems

Fella, Giulio - 2011

This paper extends Carroll's (2006) endogenous grid method and its combination with value function iteration by Barillas and Fernández-Villaverde (2007) to non-concave problems. The method is illustrated using a consumer problem in which consumers choose both durable and non-durable...

Persistent link: https://www.econbiz.de/10010280755

Integrating biodiversity indices into a multi-species optimal control model

Bertram, Christine - 2010

Biodiversity is often adversely affected by human activities. This reduces social welfare but may be external to private economic decisions. Consequently, these external effects on biodiversity need to be considered explicitly in economic models, which is only partly reflected in the literature....

Persistent link: https://www.econbiz.de/10010285371

A generalized endogenous grid method for non-smooth and non-concave problems

Fella, Giulio - In: Review of economic dynamics 17 (2014) 2, pp. 329-344

Persistent link: https://www.econbiz.de/10010473571

A generalized endogenous grid method for non-smooth and non-concave problems

Fella, Giulio - In: Review of Economic Dynamics 17 (2014) 2, pp. 329-344

This paper extends Carroll's (2006) endogenous grid method and its combination with value function iteration by Barillas and Fernandez-Villaverde (2007) to a class of dynamic programming problems, such as problems with both discrete and continuous choices, in which the value function is...

Persistent link: https://www.econbiz.de/10011004635

The Demand for Information: More Heat than Light

Keppo, Jussi; Moscarini, Giuseppe; Smith, Lones - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005090854

The Demand for Information: More Heat than Light

Keppo, Jussi; Moscarini, Giuseppe; Smith, Lones - Cowles Foundation for Research in Economics, Yale University - 2005

small and large sample properties of information, and reveal some fundamental properties of demand: (a) Value 'non-concavity …

Persistent link: https://www.econbiz.de/10005463995

Why is Platform Pricing Generally Highly Skewed?

Schmalensee, Richard - In: Review of Network Economics 10 (2011) 4

Bolt and Tieman (2008) suggested the prevalence of profit function non-concavity may account for the widespread use of …, skewed pricing may simply reflect substantial differences between side-specific demand functions; non-concavity is not … necessary. In the Rochet-Tirole (2003) model, ubiquitous high pass-through rates, which seem implausible, are required for non-concavity …

Persistent link: https://www.econbiz.de/10014619190

A Generalized Endogenous Grid Method for Non-concave Problems

Fella, Giulio - School of Economics and Finance, Queen Mary - 2011

Persistent link: https://www.econbiz.de/10009001853

Open access harvesting of wildlife: the poaching pit and conservation of endangered species

Bulte, Erwin H. - In: Agricultural Economics of Agricultural Economists 28 (2003) 1

We extend the traditional G-S model of open access by defining a non-concave harvesting function. We demonstrate the possible existence of multiple equilibria and perverse comparative statics and show that small changes in the underlying economic parameters may trigger large jumps in species'...

Persistent link: https://www.econbiz.de/10011069457

Integrating biodiversity indices into a multi-species optimal control model

Bertram, Christine - Institut für Weltwirtschaft (IfW) - 2010

Processes of regional economic integration have been shaping the economic relations between countries significantly during the last decades. In addition, an increasing integration of the national economies into the global economy has affected these economic relations, too. In an effort to...

Persistent link: https://www.econbiz.de/10008693813