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This paper analyzes an entry timing game with uncertain entry costs. Two firms receive costless signals about the cost of a new project and decide when to invest. We characterize the equilibrium of the investment timing game with private and public signals. We show that competition leads the two...
Persistent link: https://www.econbiz.de/10009368492
This article is dedicated to the analysis of the first innovation survey of the Tunisian firms. Starting from basic … mechanisms of innovation processes, we test a set of conjectures adapted to a developing country like Tunisia. We analyze the … from external knowledge sources in order to exhibit significant innovation propensities. The large size is also a necessary …
Persistent link: https://www.econbiz.de/10008793447
What is the debate on Learning Organizations all about? In this paper we propose to demonstrate that the necessity to … years, makes of learning a condition of survival for any organization, whether individual, company, school or nation. More …-time Learning Organization? How can people forget their stifling Industrial-Era education and recover their natural strive to reach …
Persistent link: https://www.econbiz.de/10008796094
What is the debate on Learning Organizations all about? In this paper we propose to demonstrate that the necessity to … years, makes of learning a condition of survival for any organization, whether individual, company, school or nation. More …-time Learning Organization? How can people forget their stifling Industrial-Era education and recover their natural strive to reach …
Persistent link: https://www.econbiz.de/10010549161
In this paper, we apply two optimization methods to solve an optimal control problem of a linear neutral differential equation (NDE) arising in economics. The first one is a variational method, the second follows a dynamic programming approach. Due to the infinite dimensionality of the NDE, the...
Persistent link: https://www.econbiz.de/10008869309
This paper studies groundwater management in the presence of rainwater harvesting (RWH). We propose a two-state model that takes into account the standard dynamics of the aquifer and the dynamics of the storage capacity and we assume that the collection of rainwater reduces the natural recharge....
Persistent link: https://www.econbiz.de/10009323284
In this paper, we make use of the Sobolev space W1,1(R+, Rn) 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 order ideal...
Persistent link: https://www.econbiz.de/10010750791
The Kyoto Protocol, which came in force in February 2005, allows countries to resort to «supplementary activities» consisting particularly in carbon sequestration in agricultural soils. Existing papers studying the optimal carbon sequestration recognize the importance of the temporality of...
Persistent link: https://www.econbiz.de/10010750832
In this paper, we make use of the Sobolev space W1,1 (R+,Rn) toderive at once the Pontryagin conditions for the standard optimalgrowth model in continuous time, including a necessary and sufficienttransversality condition. An application to the Ramsey model is given.We use an order ideal...
Persistent link: https://www.econbiz.de/10010750853
We study the optimal dynamics of an AK economy where population is uniformly distributed along the unit circle. Locations only differ in initial capital endowments. Spatio-temporal capital dynamics are described by a parabolic partial differential equation. The application of the maximum...
Persistent link: https://www.econbiz.de/10011026062