Showing 1 - 10 of 107
Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria...
Persistent link: https://www.econbiz.de/10014190651
In this work we solve in a closed form the problem of an agent who wants to optimise the inter-temporal utility of both his consumption and leisure by choosing: (i) the optimal inter-temporal consumption, (ii) the optimal inter-temporal labour supply, (iii) the optimal share of wealth to invest...
Persistent link: https://www.econbiz.de/10012870842
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10012959549
Regarding complex networks, one of the most relevant problems is to understand and to explore community structure. In particular it is important to define the network organization and the functions associated to the different network partitions. In this context, the idea is to consider some new...
Persistent link: https://www.econbiz.de/10012968269
In recent literature a relevant problem has been the relationship between career/personal contact networks and different career paths. In addition the recent advances in social capital theory have shown the way in which networks impact on personal careers. In particular women's careers appear to...
Persistent link: https://www.econbiz.de/10013033280
The present work applies several advanced spectral methods to the analysis of macroeconomic fluctuations in three countries of the European Union: Italy, The Netherlands, and the United Kingdom. We focus here in particular on singular-spectrum analysis (SSA), which provides valuable spatial and...
Persistent link: https://www.econbiz.de/10013060721
Capacity Remuneration Mechanisms (CRM) can be used in power markets to overtake marketfailures, reaching security of supply. However, investment in capacity is a dynamic process, thatdepends on the evolution of prices and costs overtime. In our paper we study the capacity remuneration value...
Persistent link: https://www.econbiz.de/10014080940
We put forward a model of private goods with externalities. Agents derive benefit from communicating with each other. In order to communicate they need to have a language in common. Learning languages is costly. In this setting no individually rational and feasible Groves mechanism exists. We...
Persistent link: https://www.econbiz.de/10014167264
We apply the advanced time-and-frequency-domain method of singular spectrum analysis to study business cycle dynamics in a set of nine U.S. macroeconomic indicators. This method provides a robust way to identify and reconstruct shared oscillations, whether intermittent or modulated. We address...
Persistent link: https://www.econbiz.de/10014169050
The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It has generally a wide multiplicity of equilibria that we refine through stochastic stability. In this paper we show that, depending on how we define perturbations, i.e. the...
Persistent link: https://www.econbiz.de/10013136154