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This paper deals with inertia functions in control theory introduced in Aubin, Bernardo and Saint-Pierre (2004, 2005) and their adaptation to dynamical games. The inertia function associates with any initial state-control pair the smallest of the worst norms over time of the velocities of the...
Persistent link: https://www.econbiz.de/10010861459
This paper deals with inertia functions in control theory introduced in Aubin, Bernardo and Saint-Pierre (2004, 2005) and their adaptation to dynamical games. The inertia function associates with any initial state-control pair the smallest of the worst norms over time of the velocities of the...
Persistent link: https://www.econbiz.de/10009292002
One aim of Viability Theory is to regulate evolutions under uncertainty in order not only to reach a target in finite time, but also to fulfill constraints (known as viability) until this time. Within the framework of finance, in the case of replicating portfolios, the target is defined by the...
Persistent link: https://www.econbiz.de/10005132590
Persistent link: https://www.econbiz.de/10010229692
This study proposes a new framework to tackle the uncertainty that prevails in the exploitation of renewable resources. It deals with the question of how to guarantee both a minimum multi-species harvest and the renewal of resources when their evolutions are uncertain. The problem is twofold: to...
Persistent link: https://www.econbiz.de/10010995471