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It is well known that an upper semi-continuous compact- and convex-valued mapping fi from a nonempty compact and convex set X to the Euclidean space of which X is a subset has at least one stationary point, being a point in X at which the image fi(x) has a nonempty intersection with the normal...
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A Cephoid is a Minkowski sum of finitely many prisms in R^n. We discuss the concept of duality for Cephoids. Also, we show that the reference number uniquely defines a face. Based on these results, we exhibit two graphs on the outer surface of a cephoid. The first one corresponds to a maximal...
Persistent link: https://www.econbiz.de/10005344706
Within this paper we compute the Minkowski sum of prisms ("Cephoids") in a finite-dimensional vector space. We provide a representation of a finite sum of prisms in terms of inequalities.
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We model and solve Best Choice Problems in the multiple prior framework: An ambiguity averse decision maker aims to choose the best among a fixed number of applicants that appear sequentially in a random order. The decision faces ambiguity about the probability that a candidate a relatively top...
Persistent link: https://www.econbiz.de/10005344709
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This paper analyzes the stability of capital tax harmonization agreements in a stylized model where countries have formed coalitions which set a common tax rate in order to avoid the inefficient fully non-cooperative Nash equilibrium. In particular, for a given coalition structure we study to...
Persistent link: https://www.econbiz.de/10009652484
This paper analyzes the impact of foreign investments on a small country's economy in the context of international competition. To that end, we model tax and infrastructure competition within a differential game framework between two unequally sized countries. The model accounts for the widely...
Persistent link: https://www.econbiz.de/10009652485