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Value function iteration as a solution method for the Ramsey model
Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2008
Persistent link: https://www.econbiz.de/10003688879
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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/10009511761
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Regime shifts and uncertainty in pollution control
Zeeuw, Aart de; 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/10009489041
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On the applicability of global approximation methods for models with jump discontinuities in policy functions
Görtz, Christoph; Mirza, Afrasiab - 2014
We show that the standard Value Function Iteration (VFI) algorithm has difficulties approximating models with jump discontinuities in policy functions. We find that VFI fails to accurately identify the location and size of jump discontinuities while other methods - such as the Endogenous Grid...
Persistent link: https://www.econbiz.de/10010366210
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Relative performance evaluation in a multi-plant firm
Luporini, Annalisa (contributor) - 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/10002738411
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Exploiting symmetry in high-dimensional dynamic programming
Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2021
We propose a new method for solving high-dimensional dynamic programming problems and recursive competitive equilibria with a large (but finite) number of heterogeneous agents using deep learning. The "curse of dimensionality" is avoided due to four complementary techniques: (1) exploiting...
Persistent link: https://www.econbiz.de/10012581353
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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/10011987941
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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 … Mathematics Competition ; mathematics education …
Persistent link: https://www.econbiz.de/10009571739
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Speaking in numbers : the effect of reading performance on math performance among immigrants
Isphording, Ingo Eduard; Piopiunik, Marc; … - 2015
This paper is the first to estimate a causal effect of immigrant students' reading performance on their math performance. To overcome endogeneity issues due to unobserved ability, we apply an IV approach exploiting variation in age-at-arrival and the linguistic distance between origin and...
Persistent link: https://www.econbiz.de/10011384332
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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/10012694062