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Nonlinear Programming Method for Dynamic Programming
Cai, Yongyang - 2013
the linear approach to dynamic programming by using ideas from approximation theory to avoid inefficient discretization …
Persistent link: https://www.econbiz.de/10013082154
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Solving Dynamic Programming Problems on a Computational Grid
Cai, Yongyang - 2013
We implement a dynamic programming algorithm on a computational grid consisting of loosely coupled processors, possibly including clusters and individual workstations. The grid changes dynamically during the computation, as processors enter and leave the pool of workstations. The algorithm is...
Persistent link: https://www.econbiz.de/10013088396
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Dynamic Optimization in Two-Party Models
McKibbin, Warwick J.; Roubini, Nouriel; Sachs, Jeffrey D. - 2021
The goal of this paper is to study the problem of optimal dynamic policy formulation with competing political parties. We study a general class of problems, in which the two competing political parties have quadratic intertemporal objective functions, and in which the economy has a linear...
Persistent link: https://www.econbiz.de/10013218965
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Trade Politics and the Semiconductor Industry
Irwin, Douglas A. - 2021
A coalition of well-organized semiconductor producers along with compliant government agencies (USTR and the Commerce … in all world markets and to help secure 20 percent of the Japanese semiconductor market for foreign firms within five … protectionism.' This paper examines how the U.S. semiconductor industry became the beneficiary of this unique and unprecedented …
Persistent link: https://www.econbiz.de/10013310555
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Transnational Activity and Market Entry in the Semiconductor Industry
Lake, Arthur W. - 2021
This paper has examined the factors that affect the pattern of introduction of semiconductor innovations into the …
Persistent link: https://www.econbiz.de/10013229148
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Price and Quality Dispersion in an Offshoring Market : Evidence from Semiconductor Production Services
Byrne, David M. - 2014
(frictional) price dispersion across suppliers. Using uniquely detailed transaction- level data from the semiconductor industry …. The theory demonstrates how to use the observed price dynamics to adjust prices for unobserved quality differences across …-adjusted index for semiconductor fabrication, and propose a general method for bounding the true constant-quality price index …
Persistent link: https://www.econbiz.de/10013062082
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Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model
Heckman, James J. - 2013
This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool investment significantly boosts cognitive and...
Persistent link: https://www.econbiz.de/10013081261
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The Welfare Gains from Macro-Insurance Against Natural Disasters
Borensztein, Eduardo - 2015
This paper uses a dynamic optimization model to estimate the welfare gains that a small open economy can derive from insuring against natural disasters with catastrophe (CAT) bonds. We calibrate the model by reference to the risk of earthquakes, floods and storms in developing countries. We find...
Persistent link: https://www.econbiz.de/10013013167
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The Economics of Labor Adjustment : Mind the Gap
Cooper, Russell; Willis, Jonathan L. - 2021
We study the inferences about labor adjustment costs obtained by the 'gap methodology' of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function of a manufacturing plant is assumed to depend on the gap between a target and the current level...
Persistent link: https://www.econbiz.de/10013232426
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Nominal Income Targeting in an Open-Economy Optimizing Model
McCallum, Bennett T.; Nelson, Edward - 2021
conducting analysis in a macroeconomic model that is designed to respect both neoclassical theory and empirical regularities …
Persistent link: https://www.econbiz.de/10013236691