Search Results - subject:"Dynamic optimization"

Pensions and Consumption Decisions: : Evidence From the Lab

van der Heijden, Eline; Meijdam, Lex; Koç, E.; … - Tilburg University, Center for Economic Research - 2015

Pensioners have increasingly more control over their income streams as a result of<br/>pension reforms, which gives them more freedom to save for their old age. We devise an experiment where subjects face a life-cycle optimization task with lifetime uncertainty and a given lifetime income. The aims...

Persistent link: https://www.econbiz.de/10011199231

Nonlinear Effects of Superstar Collaboration: Why the Beatles Succeeded but Broke Up

Yagi, Tadashi - In: Applied Economics and Finance 2 (2015) 2, pp. 103-111

This paper examines the knowledge creation process that takes place in a group of superstar innovators. How does a superstar innovator influence the generation of knowledge in a team? In particular, does the effect increase nonlinearly as the number of talented team members increases? We explore...

Persistent link: https://www.econbiz.de/10011273150

On the transition from nonrenewable energy to renewable energy

Bahini, Yacoub; Van, Cuong Le - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2015

In this paper we use the CMM model (Chakravorty et al., 2006) in discrete time and obtain more results concerning the exhaustion time of Non-Renewable Resource (NRE), the dynamic regimes of energy prices, of the stocks of pollution. We show that NRE is exhausted in finite time and is directly...

Persistent link: https://www.econbiz.de/10011276501

Investment in on-farm reservoirs to align economic returns and ecosystem services

Xu, Ying; Kovacs, Kent; Nalley, Lanier; Popp, Michael - Southern Agricultural Economics Association - SAEA - 2015

Groundwater use plays an important role in agriculture where the lack of timely rainfall can lower yields. Policy makers strive to conserve ecosystem services, such as groundwater supply, while at the same time providing for economic growth. We develop a spatially explicit landscape level model...

Persistent link: https://www.econbiz.de/10011125413

Spatial irrigation management to sustain groundwater and economic returns

Kovacs, Kent; Mattia, Mancini; Christopher, Henry; … - Southern Agricultural Economics Association - SAEA - 2015

Expanding irrigated agriculture and drought in the Lower Mississippi River Basin have led to large-scale withdrawals of groundwater and a consequent decline in the Mississippi River Valley Alluvial Aquifer. Conserving the aquifer, while at the same time providing for economic growth, is a...

Persistent link: https://www.econbiz.de/10011125457

Cost Optimal Joint Management of Interdependent Resources: Groundwater vs. Kiawe (Prosopis pallida)

Burnett, Kimberly; Roumasset, James; Wada, Christopher - University of Hawai'i Economic Research Organization … - 2014

Local and global changes continue to influence interactions between groundwater and terrestrial ecosystems. Changes in precipitation, surface water, and land cover can affect the water balance of a given watershed, and thus affect both the quantity and quality of freshwater entering the ground....

Persistent link: https://www.econbiz.de/10010933387

The Chinese Urban-rural Dual Economic Structure Model and Analysis

XU, Xiuchuan; SHI, Shengping; HUANG, Qinghua - In: Asian Agricultural Research 06 (2014) 01

Based on the characteristics of urban-rural dual economic structure in China, we build a dynamic endogenous urban-rural dual economic model closely linked to China's reality, and carry out mathematical economics analysis of optimized conditions for urban and rural sectors. The main results show...

Persistent link: https://www.econbiz.de/10010918997

Energy, backstop endogeneity, and the optimal use of groundwater

Roumasset, James; Wada, Christopher - Department of Economics, University of Hawaii-Manoa - 2014

To meet the growing demand for freshwater, many regions have increased pumping of groundwater in recent years, resulting in declining groundwater levels worldwide. A promising development is technical change regarding groundwater substitutes such as desalination and wastewater recycling....

Persistent link: https://www.econbiz.de/10011162935

Integrated Groundwater Resource Management

Roumasset, James; Wada, Christopher - Department of Economics, University of Hawaii-Manoa - 2014

General principles of groundwater management for a single aquifer are extended to the management of multiple water resources, including additional aquifers, recycled wastewater, and desalinated seawater. Optimal groundwater extraction can be incentivized by pricing according to the Pearce...

Persistent link: https://www.econbiz.de/10011162937

Estimating the impact of water quality on surrounding property values in Upper Big Walnut Creek Watershed in Ohio for dynamic optimal control

Liu, Hongxing; Gopalakrishnan, Sathya; Browning, Drew; … - Agricultural and Applied Economics Association - AAEA - 2014

well as yearly average secchi disk depth as measurement. A simple dynamic optimization model is included to show the … Hoover Reservoir in the Upper Big Walnut Creek (UBWC) watershed, Ohio. The estimates are fed into a simple dynamic … optimization model which maximizes social welfare while taking into account the damage from production as well as the production …

Persistent link: https://www.econbiz.de/10011068590