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A Criterion for Multiperiod Controls in Economic Models with Unknown Parameters.
We show how to enhance the performance of a Smolyak method for solving dynamic economic models. First, we propose a more efficient implementation of the Smolyak method for interpolation, namely, we s...
On 31 March, the Intergovernmental Panel on Climate Change (IPCC) released its latest report on the impacts of climate change on humans and ecosystems (see go.nature.com/ad5v1b). These are real riskst...
Fishery managers face many challenges when setting effective policies. This includes working with fisherman to set the total allowable catch (TAC), preventing overfishing, and monitoring the status of...
Fishery managers face many challenges when setting effective policies. This includes working with fisherman to set the total allowable catch (TAC), preventing overfishing, and monitoring the status of...
This paper presents an approach to calibrating a holistic water resourceseconomic model, which involves essential water resources and economic components in a consistent model. The model is formulate...
This paper presents an approach to calibrating a holistic water resourceseconomic model, which involves essential water resources and economic components in a consistent model. The model is formulate...
This paper presents an approach to calibrating a holistic water resourceseconomic model, which involves essential water resources and economic components in a consistent model. The model is formulate...
A step by step procedure to derive analytically the exact steady state probability density function of well known kinetic wealth exchange economic models is shown. This gives as a result an integro-d...
Exponential distribution is ubiquitous in the framework of multi-agent systems. An alternative approach with an economic motivation to derive the exponential distribution in the framework of iteratio...
This paper presents a novel study on gas-like models for economic systems. The interacting agents and the amount of exchanged money at each trade are selected with different levels of randomness, from...

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