Motivated by weak small-sample performance of the censored regression quantile estimator proposed by Powell (1986a), two- and three-step estimation methods were introduced for estimation of the censored regression model under conditional quantile restriction. While those stepwise estimators have...

What role do personal values play in the practice of economists? By means of a survey among economists working inside and outside academia in the Netherlands we present novel insights into their personal value structure, how they differ from the average citizen, and how it impacts their economic...

We develop a generalized production framework with endogenous production techniques that serve to organize raw factor inputs in an efficient manner. We establish a positive relationship between production flexibility and cost efficiency. By allowing firms to differ in technology scales, capital...

If more productive firms grow relatively fast, an industry performs better, even when no firm exhibits technical or efficiency change. In other words, the two well-known sources of productivity growth - technology and efficiency - can be augmented by a third one, namely the industrial...

In this article we analyze how the presence of thresholds influences multi agent decision making situations. We introduce a class of discounted autonomous optimal control problems with threshold effects and discuss tools to analyze these problems. Later, using these results we investigate two...

This paper addresses the robust counterparts of optimization problems containing sums of maxima of linear functions and proposes several reformulations. These problems include many practical problems, e.g. problems with sums of absolute values, and arise when taking the robust counterpart of a...

This article uses a sequentialized experimental design to select simulation input combinations for global optimization, based on Kriging (also called Gaussian process or spatial correlation modeling); this Kriging is used to analyze the input/output data of the simulation model (computer code)....

This research involves the combination of spare parts management and reverse logistics. At the end of the product life cycle, products in the field (so called installed base) can usually be serviced by either new parts, obtained from a Last Time Buy, or by repaired failed parts. This paper,...

In many fields, we come across problems where we want to optimize several conflicting objectives simultaneously. To find a good solution for such multi-objective optimization problems, an approximation of the Pareto set is often generated. In this paper, we consider the approximation of Pareto...

In this article we derive necessary and sufficient conditions for the existence of Pareto optimal solutions for an N player cooperative infinite horizon differential game. Firstly, we write the problem of finding Pareto candidates as solving N constrained optimal control subproblems. We derive...