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We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it...
Persistent link: https://www.econbiz.de/10011513031
Economics and innovation scholars have long recognized the potential of public procurement to trigger innovation. To …? This paper addresses these issues by providing a literature survey of research on public procurement of innovation (PPI …: i) Does PPI spur innovation? ii) How should PPI be designed to best spur innovation? iii) What are the main barriers to …
Persistent link: https://www.econbiz.de/10013499115
-experimental set-up and exploit time and regional variations at the municipal level. The authors find that the deployment of wind power …
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Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view, focusing on economies where society values the well-being of future generations more than private actors. Employing analytical and...
Persistent link: https://www.econbiz.de/10012596760
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periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and … 'physical time.' …
Persistent link: https://www.econbiz.de/10013326949
This paper introduces a reinforcement learning based approach to compute optimal interest rate reaction functions in …
Persistent link: https://www.econbiz.de/10012792732
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