Narrow search
Showing 1 - 10 of 2,002
Cover Image
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
Cover Image
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
Cover Image
From Separate Accounting to Formula Apportionment : Analysis in a Dynamic Framework
Radulescu, Doina Maria - 2021
This paper analyzes the switch from Separate Accounting to Formula Apportionment in a dynamic framework. The model features both purely domestic corporations and a domestic multinational which invests at home and abroad as well as a purely foreign corporation and a foreign multinational which...
Persistent link: https://www.econbiz.de/10013316813
Cover Image
Collusive Compensation Schemes Aided by Algorithms
Martin, Simon; Schmal, Wolfgang Benedikt - 2021
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10013310765
Cover Image
Smart Cap
Karp, Larry S.; Träger, Christian - 2021
We introduce a “smart” cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty …
Persistent link: https://www.econbiz.de/10012581980
Cover Image
Pricing Climate Risk
Jensen, Svenn; Traeger, Christian P.; Träger, Christian - 2021
the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. …
Persistent link: https://www.econbiz.de/10012657902
Cover Image
Regime shifts and uncertainty in pollution control
de Zeeuw, Aart; Zemel, Amos - 2012
uncertainty. The results, that imply prudent behavior due to uncertainty, are compared with the ambiguous outcomes reported in the …
Persistent link: https://www.econbiz.de/10010280838
Cover Image
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/10012018255
Cover Image
Equilibrium trade in automobile markets
Gillingham, Kenneth; Iskhakov, Fedor; Munk-Nielsen, Anders - 2019
We introduce a computationally tractable dynamic equilibrium model of the automobile market where new and used cars of multiple types (e.g. makes/models) are traded by heterogeneous consumers. Prices and quantities are determined endogenously to equate supply and demand for all car types and...
Persistent link: https://www.econbiz.de/10012052756
Cover Image
Exploiting Symmetry in High-Dimensional Dynamic Programming
Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2021
and Prescott (1971) model of „investment under uncertainty.“ First, we compare the solution against a linear …
Persistent link: https://www.econbiz.de/10012599248