Search Results - subject:"Value function"

EVALUATION MODEL FOR MULTIATTRIBUTES–MULTIAGENTS DECISION MAKING: SATISFICING GAME APPROACH

TCHANGANI, AYELEY P. - In: International Journal of Information Technology & … 08 (2009) 01, pp. 73-91

value function. As any decision problem is almost always a matter of tradeoff, among attributes characterizing alternatives … derivation of rejectability measure) and agents opinions in the framework of satisficing game theory and secondly a value … function is built on that measures. Agents opinions with regard to attributes will be expressed locally by weighting them by …

Persistent link: https://www.econbiz.de/10004971640

Turnovers and Housing Price Dynamics: Evidence from Singapore Condominium Market

Tu, Yong; Ong, Seow; Han, Ying - In: The Journal of Real Estate Finance and Economics 38 (2009) 3, pp. 254-274

Recent real estate literature has not only proposed a few theories to explain the puzzling macro feature of the positive correlation between price and transaction volume, but also attempted to identify the causal relationships between them. However, there is little empirical evidence to...

Persistent link: https://www.econbiz.de/10010866952

Optimal dynamic production from a large oil field in Saudi Arabia

Gao, Weiyu; Hartley, Peter; Sickles, Robin - In: Empirical Economics 37 (2009) 1, pp. 153-184

Persistent link: https://www.econbiz.de/10005061341

Numerical Solutions to Dynamic Portfolio Problems: The Case for Value Function Iteration using Taylor Approximation

Garlappi, Lorenzo; Skoulakis, Georgios - In: Computational Economics 33 (2009) 2, pp. 193-207

Persistent link: https://www.econbiz.de/10005701709

Monetary equilibrium and the differentiability of the value function

Aliprantis, C.D.; Camera, G.; Ruscitti, F. - In: Journal of Economic Dynamics and Control 33 (2009) 2, pp. 454-462

In this study we offer a new approach to proving the differentiability of the value function, which complements and … analysis. Journal of Political Economy 113, 463-484]. For this type of environments we demonstrate that the value function is …

Persistent link: https://www.econbiz.de/10005204969

Volume and Price Patterns Around a Stock's 52-Week Highs and Lows: Theory and Evidence

Huddart, Steven; Lang, Mark; Yetman, Michelle H. - In: Management Science 55 (2009) 1, pp. 16-31

We provide large sample evidence that past price extremes influence investors' trading decisions. Volume is strikingly higher, in both economic and statistical terms, when the stock price crosses either the upper or lower limit of its past trading range. This increase in volume is more...

Persistent link: https://www.econbiz.de/10009218333

Turning from Crime: A Dynamic Perspective

Sickles, Robin C.; Williams, Jenny - School of Economics, University of Adelaide - 1999

's social capital stock. Euler equations exclusive of the value function cannot be obtained from the first-order conditions of … estimation because the value function is not specified completely by parameterizing the utility function. We overcome this issue … using a nested fixed-point algorithm within the estimation procedure to numerically approximate the value function. …

Persistent link: https://www.econbiz.de/10008527455

A general equilibrium world with price and quantity signals : a duality approach

Hilgers, Bodo; Wacker, Ulrich - 1999

Our contribution offers a methodological exhibition of general equilibrium models with price and quantity signals. By the application of optimal value functions the household as well as the firm behaviour is modelled. The concepts of virtual prices and virtual quantities allow us to express...

Persistent link: https://www.econbiz.de/10009491598

The European unemployment problem in a globalized world : wage rigidities, welfare and involuntary low-skilled labour unemployment

Hilgers, Bodo; Wacker, Ulrich - 1999

In a general equilibrium model of a small open economy with a nontraded goods sector involuntary low-skilled labour unemployment is introduced by an exogenously given wage rate, orientating ourselves by what has been called in the literature the 'European scenario'. By the concept of constrained...

Persistent link: https://www.econbiz.de/10009491599

Thou shalt buy and hold

Shiryaev, Albert; Xu, Zuoquan; Zhou, Xun Yu - In: Quantitative Finance 8 (2008) 8, pp. 765-776

An investor holding a stock needs to decide when to sell it over a given investment horizon. It is tempting to think that she should sell at the maximum price over the entire horizon, which is however impossible to achieve. A close yet realistic goal is to sell the stock at a time when the...

Persistent link: https://www.econbiz.de/10005495745