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Adaptive model-predictive climate policies in a multi-country setting

BRECHET, Thierry; CAMACHO, Carmen; VELIOV, Vladimir M. - Center for Operations Research and Econometrics (CORE), … - 2012

developed as a benchmark case. The concept of MPNE is then enhanced with adaptive learning about the environmental dynamics and …

Persistent link: https://www.econbiz.de/10010662674

Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model

BOUCEKKINE, Raouf; RUIZ-TAMARIT, Ramon - Center for Operations Research and Econometrics (CORE), … - 2004

The special functions are intensively used in mathematical physics to solve differential systems. We argue that their use should be most useful in economic dynamics, notably in the assessment of the transition dynamics of endogenous growth models. We illustrate our argument on the Lucas-Uzawa...

Persistent link: https://www.econbiz.de/10005008230

Bridging the gap between growth theory and the new economic geography: the spatial Ramsey model

BOUCEKKINE, Raouf; CAMACHO, Carmen; ZOU, Benteng - Center for Operations Research and Econometrics (CORE), … - 2006

We study a Ramsey problem in infinite and continuous time and space. The problem is discounted both temporally and spatially. Capital flows to locations with higher marginal return. We show that the problem amounts to optimal control of parabolic partial differential equations (PDEs). We rely on...

Persistent link: https://www.econbiz.de/10005008325

Optimal control in infinite horizon problems: A Sobolev space approach

LE VAN, Cuong; BOUCEKKINE, Raouf; SAGLAM, Cagri - Center for Operations Research and Econometrics (CORE), … - 2004

In this paper, we make use of the Sobolev space W exp.1,1 (R+, R exp.n) to derive at once the Pontryagin conditions for the standard optimal growth model in continuous time, including a necessary and sufficient transversality condition. An application to the Ramsey model is given. We use an...

Persistent link: https://www.econbiz.de/10005043219

Are clean technology and environmental quality conflicting policy goals?

BRECHET, Thierry; MEUNIER, Guy - Center for Operations Research and Econometrics (CORE), … - 2012

In this paper we analyze the effects of an environmental policy on the diffusion of a clean technology in an economy where firms compete on the output market. We show that the share of adopting firms is non-monotonic with the stringency of the environmental policy, and that the adoption of the...

Persistent link: https://www.econbiz.de/10010927698

Environmental innovation and the cost of pollution abatement

BRECHET, Thierry; JOUVET, Pierre-André - Center for Operations Research and Econometrics (CORE), … - 2006

The impact of environmental innovation on the marginal pollution abatement cost at the ﬁrm level is investigated. We … show that the common assumption that innovation reduces the marginal abatement cost is wrong. We draw some implications …

Persistent link: https://www.econbiz.de/10005042965

Technology adoption under embodiment: a two-stage optimal control approach

BOUCEKKINE, RAOUF; SAGLAM, Cagri; VALLÉE, Thomas - Center for Operations Research and Econometrics (CORE), … - 2003

solve a benchmark problem without learning behavior. At the date of switching, the consumption level is shown to drop, as … induced growth advantage. In a second step, we introduce learning. The learning curve involves fixed costs and incentives to … wait as well. Adoption is shown to depend on the growth advantage of switching net of obsolescence and learning fixed costs …

Persistent link: https://www.econbiz.de/10005043528

Technology choice and market structure : strategic aspects of flexible manufacturing

NORMAN, George; THISSE, Jacques-François - Center for Operations Research and Econometrics (CORE), … - 1996

This paper shows that the adoption of flexible manufacturing techniques by firms leads to a tougher price regime. This need not benefit consumers since the tougher regime deters entry and facilitates segmented market structures. The ability of flexible manufacturing to deter entry is moderated...

Persistent link: https://www.econbiz.de/10005008288

Price Discrimination with Costly Consumer Arbitrage

ANDERSON, Simon P.; GINSBURGH, Victor A. - Center for Operations Research and Econometrics (CORE), … - 1994

Consumer arbitrage affects discriminatory pricing across markets in several ways. If all consumers face the same arbitrage costs, a monopolist's profit increases with arbitrage costs, and overall welfare declines with them (if output does not rise). If arbitrage costs differ across consumers, a...

Persistent link: https://www.econbiz.de/10005008428

Monopolistic Competition, Multiproduct Firms and Optimum Product Diversity.

Ottaviano, G.I.P.; Thisse, J.-F. - Center for Operations Research and Econometrics (CORE), … - 1999

This paper tackles the issue of optimum product diversity in an imperfectly competitive market with small of large firms. First, it develops a quadratic utility model of monopolistic competition with horizontal product differentiation which avoids some of the main pitfalls of the S-D-S approach....

Persistent link: https://www.econbiz.de/10005779523

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