This paper takes a discrete-time adaptation of the continuous−time matching economy described in Pissarides (1990, 2000), and computes the solution to the dynamic planning problem. The solution is shown to be completely characterized by a first−order, non−linear map. We show that the map...

We derive a method to econometrically estimate the tariff equivalent and foregone trade effectsof a prohibitive technical barrier to trade (TBT) based on Wales and Woodland’s Kuhn-Tuckerapproach to corner solutions in consumer choice. The method overcomes the lack of observeddata on bilateral...

Rubik’s Cube is a popular three-dimensional mechanical puzzle developed inthe 1970’s. The aim of the puzzle is to restore a scrambled cube such that eachof the six faces of the cube is a solid color. This paper proposes an evolutionaryoptimization solver that finds a sequence of turns which...

The decline in oil prices, combined with high costs which are slow to deflate, has brought forward the date when some fields on the Norwegian continental shelf (NCS) will cease production. Measures are therefore urgently required to extend the producing life of these fields and to improve their...

Drilling expenses has increased sharply in recent years. The productivity of drilling operations - in terms of meters drilled per day - significantly influences exploration costs. This study analyzes the effect of different types of learning on offshore drilling productivity. The econometric...

What would be the effect of CO2 pricing on global oil supply and demand? This paper introduces a model describing the interaction between conventional and non-conventional oil supply in a Hotelling framework and under CO2 constraints. The model assumes that non-conventional crude oil enters the...

What would be the effect of CO2 pricing on global oil supply and demand? This paper introduces a model describing the interaction between conventional and non-conventional oil supply in a Hotelling framework and under CO2 constraints. The model assumes that nonconventional crude oil enters the...