We study the identification of dynamic discrete choice models with hyperbolic discounting using a terminating action. We provide novel identification results for both sophisticated and naive agents’ discount factors and their utilities in a finite horizon framework under the assumption of a...

The new inventory policy proposed in this research is based on a dynamic order. The newly proposed policy can govern the inventory system since it selects how many items to reorder depending on the system levels. In this research the proposed policy is called a ”dynamic order” it allows the...

We propose a dynamic model where the real estate market generates wealth segregation within a town. The model develops on the Schelling’s checkerboard dynamics with one main difference: agents are fully characterized by their wealth, which changes with the progress of the model dynamics. The...

The Australian economy is constantly affected by technological, demand and policy shocks from home and abroad. The opportunities and challenges presented by these shocks create demand for government advice on the likely effects on households, firms and the Australian economy, and in turn...

Dollar stores have become the fastest-growing retail format in the United States. However, there is considerable controversy regarding their entry, particularly into markets without grocery stores, and concerns that dollar-store entry decisions are motivated by preemptive incentives. In this...

This paper presents a dynamic model averaging approach for forecasting nominal exchange rates, which is a novel approach in exchange rate forecasting literature. This framework encompasses most of the approaches commonly used in the forecasting literature. We focus on nine major trading currency...