Showing 41 - 50 of 53
We consider an optimization problem in a given region Q where an agent has to decide the price p(x) of a product for every x ∈ Q. The customers know the pricing pattern p and may shop at any place y, paying the cost p(y) and additionally a transportation cost c(x, y) for a given trans-...
Persistent link: https://www.econbiz.de/10011074428
In this paper we consider a class of BSDEs with drivers of quadratic growth, on a stochastic basis generated by continuous local martingales. We first derive the Markov property of a forward-backward system (FBSDE) if the generating martingale is a strong Markov process. Then we establish the...
Persistent link: https://www.econbiz.de/10011166466
Persistent link: https://www.econbiz.de/10010960549
Based on evolutionist theories and project management knowledge, a connectionist model based on genetic algorithm is built to simulate innovation process in organizations. Transformation and selection produce micro dynamics to create macro behavior in the agents' population. Results clarify...
Persistent link: https://www.econbiz.de/10010905187
We establish explicit socially optimal rules for an irreversible investment decision with time-to-build and uncertainty. Assuming a price sensitive demand function with a random intercept, we provide comparative statics and economic interpretations for three models of demand (arithmetic...
Persistent link: https://www.econbiz.de/10011082468
It is shown that backward-forward procedure which selects solutions in dynamic models with rational expectations may fail to give a solution when the lags are of order two.
Persistent link: https://www.econbiz.de/10010755895
As diversity in the marketplace increases through immigration, examples of intolerance, confrontation, and even violence by nationals toward immigrant small business owners have begun to appear in popular press worldwide. This study examines how a simple and potentially unintended service...
Persistent link: https://www.econbiz.de/10010706531
Background: Even if health status of immigrants constitutes an important public health issue, the literature provides … differences in health status of immigrants between host countries or whether they are because of differences in health status of … pooled sample of immigrants and one of natives, controlling for socio-economic status and country of origin. Results: After …
Persistent link: https://www.econbiz.de/10011072344
Persistent link: https://www.econbiz.de/10011072542
and insurance survey, this study explores inequalities in health care utilization between immigrants and natives. Our … non-linear decomposition. Estimation results reveal that for equivalent health care needs, immigrants present a lower …
Persistent link: https://www.econbiz.de/10011073461