In this paper we illustrate the possible normative relevance of the links between human capital and financial assets via an example related to growth. When the financial structure is complete, growth is indeterminate because individual allocations between human capital and a tradable asset are...

Recently Aardal et al. have successfully solved some small difficult equality constrained integer programs by using basis reduction to reformulate the problems as inequality constrained integer programs in a different space. Here we adapt theirmethod to solve integer programs that are larger,...

This article deals with the estimation of the parameters of an -stable distribution by the indirect inference method with the skewed-t distribution as an auxiliary model. The latter distribution appears as a good candidate for an auxiliary model since it has the same number of parameters as the...

In this paper we extend the smoothing technique [7], [9] onto the problems of Semidefinite Optimization. For that, we develop a simple framework for estimating a Lipschitz constant for the gradient of some symmetric functions of eigenvalues of symmetric matrices. Using this technique, we can...

We show that the complexity to solve linear programming problems, using standard linear algebra, can be reduced to O([n3/lnn]L) operations, where n is the number of variables in a standard form problem with integer data of bit size L. Our technique combines partial updating with a preconditioned...

Most recently proposed bandwidth selectors in kernel density estimation have been developed with intent to reduce the large sampling variability of Least Squares Cross-Validation. Their asymptotic superiority has been shown in many papers. Some of those selectors have even the fastest n-1/ 2...