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In this paper we present a budget-constrained optimal control model aimed at finding the optimal enforcement profile for a street-level, illicit drug crackdown operation. The objective is defined as minimizing the number of dealers dealing at the end of the crackdown operation, using this as a...
Persistent link: https://www.econbiz.de/10014173237
This paper presents a dynamic game model of international terrorism. The time horizon is finite, about the size of one presidency, or infinite. Quantitative and qualitative analysis of incentive Stackelberg strategies for both decision-makers of the game (“The West” and “International...
Persistent link: https://www.econbiz.de/10009441058
Most nations have responded to the COVID-19 pandemic by locking down parts of their economies to reduce infectious spread. The optimal timing of the beginning and end of the lockdown, together with its intensity, is determined by the tradeoff between economic losses and improved health outcomes....
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Since the end of the seventies Skiba points have been studied in infinite time optimal control problems with multiple steady states. At such a Skiba point the decision maker is indifferent between choosing trajectories that approach different steady states. This paper extends this theory towards...
Persistent link: https://www.econbiz.de/10011190665
Software can be distributed closed source (proprietary) or open source (developed collaboratively). While a firm cannot sell open source software, and so loses potential sales revenue, the open source software development process can have a substantial positive impact on the quality of a...
Persistent link: https://www.econbiz.de/10010871026
We present a novel model of corruption dynamics in the form of a nonlinear optimal dynamic control problem. It has a tipping point, but one whose origins and character are distinct from that in the classic Schelling (1978) model. The decision maker choosing a level of corruption is the chief or...
Persistent link: https://www.econbiz.de/10010871138
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