In this paper I develop Cyclic Value Function Iteration (CVFI), which is an adjustment to standard value function iteration. When using this algorithm, the inclusion of cyclic variables of any size into the state space of an infinite horizon dynamic structural model does not increase the...

The North Korean economy has been a statistical black hole for decades but is undergoing substantial transformations. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea’s during the next three decades, during which trend...

Dieser Beitrag untersucht den Begriff der Initiative in Strategie und operativer Kunst aus spieltheoretischer Perspektive. Wir modellieren dazu den Unterschied zwischen den beiden Wirkmechanismen der Initiative: der Einflussnahme auf gegnerisches Verhalten zum einen und der Beschneidung der...

We study the effect of large-scale land acquisitions on the risk of ethnic tensions for a sample of 133 countries for the 2000-2012 period. Running a series of fractional response models, we find that more land grabbing activity is associated with a higher risk of ethnic tensions, indicating...

We study the effect of large-scale land acquisitions on the risk of ethnic tensions for a sample of 133 countries for the 2000-2012 period. Running a series of fractional response models, we find that more land grabbing activity is associated with a higher risk of ethnic tensions, indicating...