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optimizer. The mathematical motivation for such hybrid networks is presented, using the Kolmogorov theory of metric entropy. As … options written on the S&P 500 stock index. While option pricing theory typically requires a highly complex statistical model …
Persistent link: https://www.econbiz.de/10010504308
Welfare states influence the social structure of societies as well as inequalities in various ways. The paper presented here discusses whether specific structures of inequality can be identified in different welfare regimes, i.e. whether specific population groups (elderly, unemployed, single...
Persistent link: https://www.econbiz.de/10010217867
Growing population and increase of urbanization have created a phenomenon called urban sprawl in major cities of the world that have imposed many environmental and economic consequences on cities. Recent researches have shown that Urmia urban development process has always been as urban sprawl...
Persistent link: https://www.econbiz.de/10012037312
In this paper a novel compensating circuit, composed of capacitors, one IGBT switch, and a diode bridge is designed and employed within a SOFC distributed generation system connected to a micro-grid. The DG system consists of the FC stack, a Cuk converter, a three phase inverter, the proposed...
Persistent link: https://www.econbiz.de/10012179205
Persistent link: https://www.econbiz.de/10003285439
Although both in US antitrust and European competition law there is a clear evolution to a much broader application of "rule of reason" (instead of per-se rules), there is also an increasing awareness of the problems of a case-by-case approach. The "error costs approach" (minimizing the sum of...
Persistent link: https://www.econbiz.de/10003865832
Considerable public resources are devoted to the establishment and operation of business incubators (BIs), which are seen as catalysts for the promotion of entrepreneurship, innovation activities and regional development. Despite the vast amount of research that has focused on the outcomes or...
Persistent link: https://www.econbiz.de/10003825748
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This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following trade-off: adding a good to the choice set has a positive option value but increases the complexity of the choice problem. The increased complexity is modeled as a reduction of...
Persistent link: https://www.econbiz.de/10003962118