Linear Methods are often used to compute approximate solutions to dynamic models, as these models often cannot be solved analytically. Linear methods are very popular, as they can easily be implemented. Also, they provide a useful starting point for understanding more elaborate numerical...

This paper presents an equation of the dynamic path of prices in a monopolistically competitive market in which firms sell to both old and new customers. Both types are able to search for the lowest price, given search costs, where the expected number of searches is given by the inverse of the...

Wind power is the largest renewable energy source which produces a negligible amount of greenhouse gas (GHG) emissions, has gained enormous attention in the electricity generation sector over the past decade in the United States. In this study, a Data Envelopment Analysis (DEA) is implemented to...

It is widely recognized that the policy objectives of fiscal and monetary policymakers usually have different time horizons, and this feature may not be captured by traditional econometric techniques. In this paper, we first decompose U.S macroeconomic data using a time-frequency domain...

This paper considers the problem of changing prices over time to maximize expected revenues in the presence of unknown demand distribution parameters. It provides and compares several methods that use the sequence of past prices and observed demands to set price in the current period. A Taylor...

Wind power is one of the most promising renewable energy sources that has gained enormous attention, especially in the electricity generation sector over the past decade in the United States. In this study Data Envelopment Analysis (DEA) is implemented to quantitatively evaluate the relative...

The Energy Independence Security Act aims to increase the production of renewable fuels in order to improve the energy efficiency of the United States of America. This legislation set the biofuel production goal at 136.3 million m3 by 2022, with approximately 79 million m3 derived from advanced...

We develop a sequential trade model of Iceberg order execution in a limit order book. The Iceberg-trader has the freedom to expose his trading intentions or (partially) shield the true order size against other market participants. Order exposure can cause drastic market reactions ('market...

The aim of the article is to build a model describing the relationship between the economic growth and military activity of the USA. The model is a proposition of a formal, abstract and deductive approach towards the abovementioned relationship between war and economic growth, based on the...

We develop a sequential trade model of Iceberg order execution in a limit order book. The Iceberg-trader has the freedom to expose his trading intentions or (partially) shield the true order size against other market participants. Order exposure can cause drastic market reactions ("market...