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-state reliability models. Dynamic programming is used to identify a best test-and-redesign strategy and is shown to be presently …
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-state reliability models. Dynamic programming is used to identify a best test-and-redesign strategy and is shown to be presently …
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We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...
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