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essay is "Perturbation Methods for Markov-Switching Models," which is co-authored with Juan Rubio-Ramirez, Dan Waggoner, and … Tao Zha. This essay develops an perturbation-based approach to solving dynamic stochastic general equilibrium models with …
Persistent link: https://www.econbiz.de/10009475390
obtain explicit convergence rates in matrix norms that show the trade-off between the sparsity of the true model, dimension …
Persistent link: https://www.econbiz.de/10009476576
Nitrate pollution from agriculture is an important environmental problem, caused bythe excessive use of inorganic fertilizers. The internalization of this externality, via a tax onmineral nitrogen, could lead to a second best solution, reducing nitrate emissions. Severalauthors suggest that a...
Persistent link: https://www.econbiz.de/10009442765
We analyze the current state and future requirements of an agricultural income stabilization mechanism in a transition country – namely, the crop insurance system in Kazakhstan. Three objectives will be pursued: First, factors influencing the development of the crop insurance market will be...
Persistent link: https://www.econbiz.de/10009444834
A mathematical programming model is developed and associated to a spatial pattern index (Ripley L function) to analyse the optimal reserve design and implementation for the Little Bustard conservation in Plaine de Niort. The model structure corresponds to three spatial levels, fields, farm and...
Persistent link: https://www.econbiz.de/10009445725
The biological nature of agricultural production processes induce a higher degree ofuncertainty surrounding the economic performance of farm enterprises. This has contributedto the development and acceptance of forms of public intervention aimed at reducing incomevariability that have no...
Persistent link: https://www.econbiz.de/10009445763
A water-crop simulation/mathematical programming model of irrigation water demand in northeastern Colorado is formulated to develop an original concept of derived demand for consumptive use of water. Conventional demand functions for water deliveries are also developed, and the effect of...
Persistent link: https://www.econbiz.de/10009446619
Recently, Branzei, Dimitrov, and Tijs (2003) introduced cooperative interval-valued games. Among other insights, the notion of an interval core has been coined and proposed as a solution concept for interval-valued games. In this paper we will present a general mathematical programming algorithm...
Persistent link: https://www.econbiz.de/10009447478
is modelled using extreme value theory and the joint density of hedge fund index returns is constructed using a copula …
Persistent link: https://www.econbiz.de/10009440952
Since the mid-nineties, agricultural economists discuss the suitability of “weather derivatives” as hedging instruments for volumetric risks in agriculture. Contrary to traditional insurance contracts, the payoffs of such derivatives are linked to weather indices (e.g. accumulated rainfall...
Persistent link: https://www.econbiz.de/10009443690