. It shows that introducing inertia, in the form of the"cost in time"of available options, changes significantly the … high and their inertia significant. Also, the best strategy to reach a short-term target is different depending on whether …

is higher and their inertia is great. The best strategy to reach a short-term target depends on whether this target is …

inertia), the treatment of uncertainty, and the decision framework (one-shot vs. sequential). …

Current debates on climate mitigation emphasize the role of the inertia of the economic system. Our aim in this paper … is to study more in depth how sectorally differentiated inertia impacts on optimal C02-emission abatement policies. Using … the STARTS model, we show that optimal abatement levels and costs differ sensibly among sectors. Differential inertia is …

inertia, each sector having a limited abatement potential. It defines economic inertia as the conjunction of technical inertia … economic inertia, optimal abatement efforts (in dollars per ton) are bell-shaped and trigger a transition toward a low …

their income - the higher the risk aversion, the more stable the cooperatives and the lower the segregation. Learning can … high or low-risk, and while they are learning, they tend to create cooperatives that can last. Eventually we worked on the …

private agents are gradually learning their uncertain environment. When agents update their beliefs about the parameters that … under adaptive learning are significantly larger than under rational expectations. In our benchmark case calibrated using US … data on leverage, debt-to-GDP and land value-to-GDP ratios for 1996Q1-2008Q4, learning amplifies leverage shocks by a …

data when the agent's beliefs about the model are updated through linear learning algorithms. We find that learning in this … learning algorithm is recursive least squares, long memory arises when the coefficient on expectations is sufficiently large … endogenous variable is determined exogenously. Finally, this property of learning is used to shed light on some well …