Using only information based on currently-observable market behavior, the paper shows how to make rigorous dynamic welfare comparisons among economies or economic situations having arbitrarily-different endowments and technologies,but sharing a common dynamic preference ordering. The correct...

We study the estimation of the marginal probability density function of an observable process associated to a weak bernoulli deterministic dynamical system. We use the Parzen-Rosenblatt naive kernel estimator and state conditions under which it is consistent in quadratic mean. We then discuss...

This paper studies irreversible investment decisions of a risl neutral regulated firm which has costs of production and of investment known with certainty and constant over time, but subject to uncertainty on exogenous shocks to demand. These shocks follow a geometric Brownian motion. No...

Let X1,...,Xn be observed random variables generated by a chaotic transformation Y such that Xt=Y(Xt-1,...,Xt-m0). We construct and study an estimate of m0 based on X1,...Xn, using the fact that m0 is a breaking point for the regularity of the distribution of (Xt-1,...Xt-m), m=1,2,.... We...

This paper presents recent developments of the dynamic traffic simulation model METROPOLIS. This tool is based primarily on the modeling and analysis of information learning and processing by road users. This simulation tool depicts the morning peak commute in large urban areas. Route choice and...

Social scientists are often concerned with the dynamics of struggles over resources and with the effect of these struggles on the process of development and change. This continuous dynamic game is intended to add to our knowledge of the dynamics of struggles over property.

This paper develops a formal framework based on multivariate spectral techniques for assesssing the performance of multivariate dynamic models whose solution is approximated through simulation. The approach is especially suitable for models that focus on a particular frequency range , such as...

This paper shows an endogenous Stackelberg leader-follower relation that stems purely from commitment, not from chronological order of entry. We consider a symmetric duopoly game with a priori demand uncertainty which resolves after a short term. In the beginning, each supplier is allowed to...