We develop a hybrid algorithm using Genetic Algorithms (GA) and Simulated Annealing (SA) to solve multi-objective step function maximization problems. We then apply the algorithm to a specific economic problem which is taken out of the corporate governance literature. -- numerical computation ;...

The economic dimension of sport in the European Union was calculated by developing a Multi-Regional Sport Satellite Account for the former 27 Member States. It turned out that the sport industry creates about 1.76% of Gross value added and 2.12% of employment within the European Union. Thus,...

The economic dimension of sport in the European Union was calculated by developing a Multi-Regional Sport Satellite Account for the former 27 Member States. It turned out that the sport industry creates about 1.76% of Gross value added and 2.12% of employment within the European Union. Thus,...

We develop a hybrid algorithm using Genetic Algorithms (GA) and Simulated Annealing (SA) to solve multi-objective step function maximization problems. We then apply the algorithm to a specific economic problem which is taken out of the corporate governance literature.

In many emerging economies pension programs of public sector workers are more generous than pension programs of private sector workers. In this paper we investigate public pension reforms that improve efficiency and welfare by reallocating government resources from non-productive public pensions...