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PhD research bulletin / Tinbergen Institute

Tinbergen Institute - Amsterdam [u.a.] - 6.1994,2 -

Persistent link: https://www.econbiz.de/10000633633

Evolutionary Thinking in Environmental Economics

Bergh, Jeroen C.J.M. van den - Tinbergen Institute - 2007

Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies … potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource …, organizational and technological-evolutionary phenomena. Attention will be drawn to the fact that evolutionary economics shows a …

Persistent link: https://www.econbiz.de/10005144510

Optimal Diversity in Investments with Recombinant Innovation

Bergh, Jeroen C.J.M. van den; Zeppini-Rossi, Paolo - Tinbergen Institute - 2008

We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model...

Persistent link: https://www.econbiz.de/10005144531

Level-Slope-Curvature - Fact or Artefact?

Lord, Roger; Pelsser, Antoon - Tinbergen Institute - 2005

The first three factors resulting from a principal components analysis of term structure data are in the literature typically interpreted as driving the level, slope and curvature of the term structure. Using slight generalisations of theorems from total positivity, we present sufficient...

Persistent link: https://www.econbiz.de/10005144421

On the Extreme Points of Two Polytopes associated with a Digraph and Applications to Cooperative Games

Brink, René van den; Laan, Gerard van der; Vasil'ev, Valeri - Tinbergen Institute - 2004

In this paper we describe the extreme points of two closely related polytopes that are assigned to a digraph. The first polytope is the set of all sharing vectors (elements from the unit simplex) such that each node gets at least as much as each of its successors. The second one is the set of...

Persistent link: https://www.econbiz.de/10005136905

A Dynamic Analysis of Moving Average Rules

Chiarella, Carl; He, Tony; Hommes, Cars H. - Tinbergen Institute - 2005

The use of various moving average (MA) rules remains popular with financial market practitioners. These rules have recently become the focus of a number empirical studies, but there have been very few studies of financial market models where some agents employ technical trading rules of the type...

Persistent link: https://www.econbiz.de/10005136922

Measuring the Power of Nodes in Digraphs

Herings, P. Jean-Jacques; Laan, Gerard van der; Talman, Dolf - Tinbergen Institute - 2001

Many economic and social situations can be represented by a digraph. Both axiomatic and iterative methods to determine the strength or power of all the nodes in a digraph have been proposed in the literature. We propose a new method, where the power of a node is determined by both the number of...

Persistent link: https://www.econbiz.de/10005136985

The Socially Stable Core in Structured Transferable Utility Games

Herings, P. Jean-Jacques; Laan, Gerard van der; Talman, Dolf - Tinbergen Institute - 2004

We consider cooperative games with transferable utility (TU-games), in which we allow for a social structure on the set of players. The social structure is utilized to refine the core of the game. For every coalition the relative strength of a player within that coalition is induced by the...

Persistent link: https://www.econbiz.de/10005137108

On the Optimal Policy for Deterministic and Exponential Polling Systems

Gaujal, Bruno; Hordijk, Arie; Laan, Dinard van der - Tinbergen Institute - 2005

In this paper, we consider deterministic (both fluid and discrete) polling systems with <I>N</I> queues with infinite buffers and we show how to compute the best polling sequence (minimizing the average total workload). With two queues, the best polling sequence is always periodic when the system is...</i>

Persistent link: https://www.econbiz.de/10005137254

On the Optimality of Regularity in Mixing Markovian Decision Rules for MDP Control

Laan, Dinard van der - Tinbergen Institute - 2010

In this paper we study Markov Decision Process (MDP) problems with the restriction that at decision epochs only a finite number of given Markovian decision rules may be applied. The elements of the finite set of allowed decision rules should be mixed to improve the performance. The set of...

Persistent link: https://www.econbiz.de/10008838598