Search Results - subject:"Nonconvexity"

Endogenous market structure and the cooperative firm

Hueth, Brent; Moschini, GianCarlo - In: Economics Letters 124 (2014) 2, pp. 283-285

When the threat of entry by followers includes cooperative firms, the maximum fixed cost that a profit maximizing leader can endure is endogenous. The aggressive strategy required for entry-deterrence curtails the leader’s expected profit and can discourage its initial entry. In such...

Persistent link: https://www.econbiz.de/10010933295

The inefficiency of private adaptation to pollution in the presence of endogenous market structure

Eisenack, Klaus - In: Environmental and resource economics 57 (2014) 1, pp. 81-99

Persistent link: https://www.econbiz.de/10010240032

Endogenous market structure and the cooperative firm

Hueth, Brent; Moschini, GianCarlo - In: Economics letters 124 (2014) 2, pp. 283-285

Persistent link: https://www.econbiz.de/10010493634

Computing General Equilibrium Models with Occupational Choice and Financial Frictions

Antunes, António; Cavalcanti, Tiago; Villamil, Anne - Department of Economics, National University of Singapore - 2006

a repayment incentive constraint. The incentive constraint induces a non-convexity. The paper proves that the …

Persistent link: https://www.econbiz.de/10005543401

Computing General Equilibrium Models with Occupational Choice and Financial Frictions

AntÃƒÂ³nio Antunes; Cavalcanti, Tiago; Villamil, Anne - East Asian Bureau of Economic Research (EABER) - 2006

a repayment incentive constraint. The incentive constraint induces a non-convexity. The paper proves that the …

Persistent link: https://www.econbiz.de/10009363947

Global search perspectives for multiobjective optimization

Lovison, Alberto - In: Journal of Global Optimization 57 (2013) 2, pp. 385-398

Extending the notion of global search to multiobjective optimization is far than straightforward, mainly for the reason that one almost always has to deal with infinite Pareto optima and correspondingly infinite optimal values. Adopting Stephen Smale’s global analysis framework, we highlight...

Persistent link: https://www.econbiz.de/10010845791

A general framework for convexity analysis in deterministic global optimization

Kearfott, Ralph; Castille, Jessie; Tyagi, Gaurav - In: Journal of Global Optimization 56 (2013) 3, pp. 765-785

In previous work, we, and also Epperly and Pistikopoulos, proposed an analysis of general nonlinear programs that identified certain variables as convex, not ever needing subdivision, and non-convex, or possibly needing subdivision in branch and bound algorithms. We proposed a specific...

Persistent link: https://www.econbiz.de/10010845843

Ecological threshold and ecological economic threshold: Implications from an ecological economic model with adaptation

Uehara, Takuro - In: Ecological Economics 93 (2013) C, pp. 374-384

critical issues regarding an ecological economic system: system boundary, non-convexity, and adaptation. The paper elucidates …

Persistent link: https://www.econbiz.de/10011043602

Non-existence of competitive equilibria with dynamically inconsistent preferences

Gabrieli, Tommaso; Ghosal, Sayantan - In: Economic Theory 52 (2013) 1, pp. 299-313

This paper shows the robust non-existence of competitive equilibria even in a simple three period representative agent economy with dynamically inconsistent preferences. We distinguish between a sophisticated and naive representative agent. Even when underlying preferences are monotone and...

Persistent link: https://www.econbiz.de/10010634232

On economic efficiency under non-convexity

Chavas, Jean-Paul; Briec, Walter - In: Economic Theory 50 (2012) 3, pp. 671-701

This paper investigates economic efficiency under non-convexity. The analysis relies on a generalization of the … separating hyperplane theorem under non-convexity. The concept of zero-maximality is used to characterize Pareto efficiency under … non-convexity. We show the existence of a separating hypersurface that can be used to provide a dual characterization of …

Persistent link: https://www.econbiz.de/10010593361