Showing 1 - 10 of 88
In the past China's rural areas, home to 70% of its population, suffered energy shortages.China's indigenous energy resources are limited, with the exception of coal.The widespread use of coal requires large investments in production and transport -making it costly-, and degrades the...
Persistent link: https://www.econbiz.de/10011090918
We present the results of a survey-experiment using a representative sample of the Dutch population in which we relate respondents' opinion about the tax deductibility of mortgages to their estimates about other people's opinion.The experiment employs three treatment variables: monetary...
Persistent link: https://www.econbiz.de/10011091243
We introduce an accurate, easily implementable, and fast algorithm to compute optimal decisions in discrete-time long-horizon welfaremaximizing problems. The algorithm is useful when interest is only in the decisions up to period T, where T is small. It relies on a flexible parametrization of...
Persistent link: https://www.econbiz.de/10011090289
The Expectation-Maximization (EM) algorithm is a well-established estimation procedure which is used in many domains of econometric analysis. Recent application in a discrete choice framework (Train, 2008) facilitated estimation of latent class models allowing for very exible treatment of...
Persistent link: https://www.econbiz.de/10011090356
We consider a class of stochastic mathematical programs with complementarity constraints, in which both the objective and the constraints involve limit functions or expectations that need to be estimated or approximated.Such programs can be used for modeling average or steady-state behavior of...
Persistent link: https://www.econbiz.de/10011090408
The class of neighbour games is the intersection of the class of assignment games (cf. Shapley and Shubik (1972)) and the class of component additive games (cf. Curiel et al. (1994)). For assignment games and component additive games there exist polynomially bounded algorithms of order p4 for...
Persistent link: https://www.econbiz.de/10011090443
demand), we show that at the equilibrium either one or a mixture of two technologies is used. Such a mixture consists of a … observed demand, this fixed merit order is used to determine the total number of technologies used so that all demand is …, different demand levels impose different prices for a unit of emission allowance, and consequently there is no fixed merit order …
Persistent link: https://www.econbiz.de/10011090469
This paper studies how the HP-Filter should be adjusted, when changing the frequency of observations. The usual choices in the literature are to adjust the smoothing parameter by multiplying it with either the square of the observation frequency ratios or simply with the observation frequency....
Persistent link: https://www.econbiz.de/10011090751
Random matching models with different states are an important class of dynamic games; for example, money search models, job search models, and some games in biology are special cases.In this paper, we investigate the basic structure of the models: the existence of equilibria, the global...
Persistent link: https://www.econbiz.de/10011090770
Harsanyi and Selten (1988) have proposed a theory of equilibrium selection that selects a unique Nash equilibrium for … any non-cooperative N-person game. The heart of their theory is given by the tracing procedure, a mathematical … algorithms, it is easily implemented on a computer. To show our results we apply methods from the theory of simplicial algorithms …
Persistent link: https://www.econbiz.de/10011090834