Showing 1 - 10 of 42
Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...
Persistent link: https://www.econbiz.de/10009466981
There is growing consensus on the view that corruption hurts economic performance by reducing private investment, by adversely affecting the quantity and quality of public infrastructure, by reducing tax revenue, and by reducing human capital accumulation. In addition to inefficiency effects –...
Persistent link: https://www.econbiz.de/10009468223
Successful cap and trade programs for SO2 and NOx in the US allocate allowances to large emitters based on a historic base line for a period of up to thirty years. National Allocation Plans in Europe allocate CO2 allowances in an iterative approach first for a three then for a five-year period....
Persistent link: https://www.econbiz.de/10009442016
equilibrium. I estimate the structural parameters of the model using the NLSY 97 data, via a three-step estimation procedure to …
Persistent link: https://www.econbiz.de/10009439060
Managers in the music industry closely monitor both radio airplay of an album as well as the album's sales. Their interest in radio airplay is due to the belief that airplay can increase an album’s sales. Therefore it is natural for managers to attempt to influence radio airplay so as to...
Persistent link: https://www.econbiz.de/10009441155
In ecological population management, years of animal counts are fit to nonlinear, dynamic models (e.g. the Ricker model) because the values of the parameters are of interest. The yearly counts are subject to measurement error, which inevitably leads to biased estimates and adversely affects...
Persistent link: https://www.econbiz.de/10009468234
There is little available information on sector-specific sales and employment impacts of a large-scale solar space and water heating industry. This study identifies those sectors of the economy which would be most affected by increased solar utilization and estimates the magnitude of the...
Persistent link: https://www.econbiz.de/10009468721
simulating a time-varying set of available alternatives. Our estimation method uses store-level data on sales and partial …
Persistent link: https://www.econbiz.de/10009475399
The estimation of dynamic stochastic general equilibrium (DSGE) models is the subject of a rapidly growing literature … reduced-form model. I show that both terms can be derived analytically. This result is useful for the estimation of DSGE …
Persistent link: https://www.econbiz.de/10009476557
This paper presents both estimation and simulation as optimization problems that differ in the optimization criteria …, minimization of a local expected loss for estimation and reproduction of global statistics (semivariogram, histogram) for … simulation ignoring local constraints, but not as accurate as E-type estimation. Flow simulation results show that accounting for …
Persistent link: https://www.econbiz.de/10009476997