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Optimization Over Graphs
Kwon, Suehyun - 2019
This paper defines isomorphism for network formation that is not mathematically isomorphic. Once the pattern of network formation is characterized, one can test for (i) location fixed effects, (ii) heterogeneity, (iii) private information allowing for long-term contracts. The paper provides...
Persistent link: https://www.econbiz.de/10012892085
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Dynamic Ic and Dynamic Programming
Kwon, Suehyun - 2019
This paper develops a dynamic programming method when the one-stage deviation principle in the sense of mechanism design literature doesn’t hold. The commonly used dynamic programming method is valid only if the one-stage deviation principle in the sense of mechanism design literature is...
Persistent link: https://www.econbiz.de/10012889686
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Small Group Instruction to Improve Student Performance in Mathematics in Early Grades : Results from a Randomized Field Experiment
Bonesrønning, Hans; Finseraas, Henning; Hardoy, Inés; … - 2021
years. The intervention includes students aged 7-9 and consists of pulling students from their regular mathematics classes … into small, homogenous groups for mathematics instruction for 3 to 4 hours per week, for two periods of 4-6 weeks per … their performance in mathematics by .16 standard deviations at the end of the school year and by .06 standard deviations in …
Persistent link: https://www.econbiz.de/10013312078
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Optimally Controlling an Epidemic
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2021
We propose a flexible model of infectious dynamics with a single endogenous state variable and economic choices. We characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically is followed by policies to stimulate activity....
Persistent link: https://www.econbiz.de/10013314771
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Dynamic Programming on a Quantum Annealer : Solving the RBC Model
Fernández-Villaverde, Jesús; Hull, Isaiah - 2023
We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization. Quantum annealers attempt to solve an NP-hard problem by starting in a quantum superposition of all...
Persistent link: https://www.econbiz.de/10014347831
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Value function iteration as a solution method for the Ramsey model
Heer, Burkhard; Maußner, Alfred - 2008
Value function iteration is one of the standard tools for the solution of the Ramsey model. We compare six different ways of value function iteration with regard to speed and precision. We find that value function iteration with cubic spline interpolation between grid points dominates the other...
Persistent link: https://www.econbiz.de/10010275799
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Regime shifts and uncertainty in pollution control
de Zeeuw, Aart; Zemel, Amos - 2012
We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in the damage coefficient. The model allows the full dynamic characterization of the optimal emission policies under uncertainty. The results, that imply prudent behavior due to...
Persistent link: https://www.econbiz.de/10010280838
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Characterizing the sustainability problem in an exhaustible resource model
Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - 2012
The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...
Persistent link: https://www.econbiz.de/10010281450
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Relative performance evaluation in a multi-plant firm
Luporini, Annalisa - 2005
We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...
Persistent link: https://www.econbiz.de/10010261151
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Heterogeneity in high math achievement across schools: Evidence from the American Mathematics Competition
Ellison, Glenn; Swanson, Ashley - 2012
achievement. Data from the American Mathematics Competitions is used to produce counts of high-scoring students from more than two …
Persistent link: https://www.econbiz.de/10010283594