We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...

In spite of a manager's best attempts, a managed rangeland may hit an irreversible state in which it provides neither consumptive nor non-consumptive services to humans. Therefore, given a particular time based management regime, it is useful to know how long it takes for a rangeland to hit the...

In spite of a manager's best attempts, a managed rangeland may hit an irreversible state in which it provides neither consumptive nor non-consumptive services to humans. Therefore, given a particular time based management regime, it is useful to know how long it takes for a rangeland to hit the...

Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...

Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...