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Emission taxes and feed-in subsidies in the regulation of a polluting monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - In: SERIEs - Journal of the Spanish Economic Association 12 (2021) 2, pp. 255-279
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the same good with a technology that employs a polluting input and a clean technology. In the first part of the paper, we show that the efficient solution can be implemented...
Persistent link: https://www.econbiz.de/10014496051
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Bayesian comparative statics
Mekonnen, Teddy; Leal Vizcaíno, René - In: Theoretical Economics 17 (2022) 1, pp. 219-251
We study how changes to the informativeness of signals in Bayesian games and single-agent decision problems affect the distribution of equilibrium actions. Focusing on supermodular environments, we provide conditions under which a more precise private signal for one agent leads to an...
Persistent link: https://www.econbiz.de/10013189084
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On the complex dynamics of a bounded rational monopolist model
Sarafopoulos, Georges - In: International Journal of Business and Economic Sciences … 8 (2015) 1, pp. 113-120
Purpose - The main purpose of this paper is to investigate the dynamic behavior of a bounded rational monopolist with a general nonlinear demand and quadratic cost functions reflecting diseconomies of scales. Design/methodology/approach - We suppose that locally the monopoly firm uses a gradient...
Persistent link: https://www.econbiz.de/10011516723
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Roads & SDGs, tradeoffs and synergies: Learning from Brazil's Amazon in distinguishing frontiers
Pfaff, Alexander S. P.; Robalino, Juan; Reis, Eustaquio J. - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-11, pp. 1-26
To reduce SDG tradeoffs in infrastructure provision, and to inform searches for SDG synergies, the authors show that roads' impacts on Brazilian Amazon forests varied significantly across frontiers. Impacts varied predictably with prior development - prior roads and prior deforestation - and,...
Persistent link: https://www.econbiz.de/10011807722
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Methods of measuring the effectiveness of logistics activities
Dmuchowski, Robert - In: Contemporary Economics 15 (2021) 3, pp. 309-320
Companies which wish to operate on the market must constantly discover and shape new potentials and abilities to create benefits that might ensure them long-term increase in efficiency and development. One of the ways to gain economic advantage is to reduce costs in all possible areas of their...
Persistent link: https://www.econbiz.de/10014544577
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Industrial policy from a systems-of-innovation perspective
Edquist, Charles; Chaminade, Cristina - In: EIB Papers 11 (2006) 1, pp. 108-132
This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by … the innovation process and the division of labour between private and public actors in carrying out SI activities. In this … context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the …
Persistent link: https://www.econbiz.de/10010273365
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A Markov decision process approach to optimal control of a multi-level hierarchical manpower system
Udom, Akaninyene U. - In: CBN Journal of Applied Statistics 04 (2013) 2, pp. 31-49
A recurrent problem in manpower control is how to attain the desired structural configuration in an optimal way, since it is possible to reach a desired structural configuration using different control inputs. The major aim of this paper is to develop a Markov Decision Process for optimal...
Persistent link: https://www.econbiz.de/10011482589
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Dynamic pricing for inventories with reference price effects
Chenavaz, Régis; Paraschiv, Corina - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-64, pp. 1-16
This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The authors propose an optimal control model, maximizing the intertemporal profit with consumers sensitive to the selling price and to a reference price. The optimal dynamic...
Persistent link: https://www.econbiz.de/10011917556
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Dynamic pricing with reference price dependence
Chenavaz, Régis - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-22, pp. 1-17
A firm that accounts for consumer behavior sets the selling price of a product considering the reference price of consumers. In the literature, a reference price is usually modeled as depending on past selling prices. That is, past selling prices implicitly constrain the current selling price of...
Persistent link: https://www.econbiz.de/10011534814
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Selection wages and discrimination
Schlicht, Ekkehart - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-6, pp. 1-30
Applicants for any given job are more or less suited to fill it, and the firm will select the best among them. Increasing the wage offer attracts more applicants and makes it possible to raise the hiring standard, thereby improving the productivity of the staff. Wages that optimize on the...
Persistent link: https://www.econbiz.de/10010299945