Using a dynamic model of the control of an infectious disease, we derive the conditions under which eradication will be …

This note reports a replication study of Falk and Kosfeld's (2006) medium control treatment. In the experimental game …, the principal decides whether or not to control the agent by imposing a compulsory transfer of 10 units. Like the original … study, we observe that control entails hidden costs. Unlike the original study, we do not observe that the hidden costs of …

By means of some simple examples from economics, we elucidatecertain solution tools for the solution of optimal control …

Halbleiterindustrie. Zusätzlich berücksichtigen wir explizit die Dynamik über den Produktlebenszyklus. Unsere Ergebnisse zeigen, daß diese … zeigen, daß (ii) Lerneffekte, Skalenerträge und Spillovereffekte über den Produktlebenszyklus variieren. Lerneffekte sind am … Ende des Produktlebenszyklus größer, wenn neue Produkttechnologien entwickelt werden. Skalenerträge sind zunehmend und …

The present paper is concerned with the optimal control of stochastic differential equations, where uncertainty stems … imposing any boundedness condition at all. It is finally shown that, under very mild assumptions, an optimal Markov control is …