Search Results - subject:"Value function"

A Value Function for Assessing Sustainability: Application to Industrial Buildings

Alarcon, Bibiana; Aguado, Antonio; Manga, Resmundo; … - In: Sustainability 3 (2010) 1, pp. 35-50

different units is the value function. Studies of value function are complex and frequently have limited physical meaning. In …

Persistent link: https://www.econbiz.de/10008777343

Differentiability of the value function in continuous-time economic models

Rincón-Zapatero, Juan Pablo; Santos, Manuel S. - Departamento de Economía, Universidad Carlos III de Madrid - 2010

In this paper we provide some sufficient conditions for the differentiability of the value function in a class of … differentiability of the value function is used to prove Bellman's equation as well as the existence and continuity of the optimal …

Persistent link: https://www.econbiz.de/10008672252

Differentiability of the Value Function in Continuous–Time Economic Models

Juan Pablo Rinc ́on–Zapatero; Santos, Manuel S. - Department of Economics, School of Business - 2010

In this paper we provide some sufficient conditions for the differentiability of the value function in a class of … differentiability of the value function is used to prove Bellman’s equation as well as the existence and continuity of the optimal …

Persistent link: https://www.econbiz.de/10008684778

Investment under Risk with Discrete and Continuous Assets

Elbers, Chris; Gunning, Jan Willem; Vigh, Melinda - 2009

, then propose a solution method that relies on value function iteration. Finally, in an example we show how our algorithm …

Persistent link: https://www.econbiz.de/10010325850

Investment under Risk with Discrete and Continuous Assets

Elbers, Chris; Gunning, Jan Willem; Vigh, Melinda - Tinbergen Instituut - 2009

, then propose a solution method that relies on value function iteration. Finally, in an example we show how our algorithm …

Persistent link: https://www.econbiz.de/10011256814

Experienced Utility versus Decision Utility: Putting the 'S' in Satisfaction

Carter, Steven; McBride, Michael - Department of Economics, University of California-Irvine - 2009

Recent research distinguishes an individual's decision utility, inferred from her observed choices, from her experienced utility, which more closely matches the notion of happiness. Using various estimation techniques with a unique experimental data set, we test whether post-choice satisfaction...

Persistent link: https://www.econbiz.de/10005003893

Labour Values and the Theory of the Firm: Part I: The Competitive Firm

Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2009

Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new …

Persistent link: https://www.econbiz.de/10008502745

Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz

Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2009

Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new …

Persistent link: https://www.econbiz.de/10008550068

A viability theory approach to a two-stage optimal control problem of technology adoption

KRAWCZYK, Jacek B.; SEREA, Oana-Silvia - Center for Operations Research and Econometrics (CORE), … - 2009

strategies before and after the change. For the change, or switch, to occur the "new technology" value function needs to dominate … the "old technology" value function, after the switch. We charaterise the value function using the fact that its hypograph …

Persistent link: https://www.econbiz.de/10008494364

Are People Really Risk Seeking for Losses?

Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2009

a specific form of the probability weighting function to estimate the power factor of the value function. Using … used, the power factor takes on values between 1.04 and 1.10. This, however, makes the value function convex, which …

Persistent link: https://www.econbiz.de/10008587468