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Kantian Optimization : An Approach to Cooperative Behavior

Roemer, John E. - 2013

species, the reigning assumption in economic theory is that individuals optimize in an autarkic manner (as in Nash and …

Persistent link: https://www.econbiz.de/10013073896

Kantian Optimization With Quasi-hyperbolic Discounting

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...

Persistent link: https://www.econbiz.de/10014082673

Chapter 11. Computing All Solutions to Polynomial Equations in Economics

Kubler, Felix; Renner, Philipp; Schmedders, Karl - In: Handbook of computational economics : volume 3, (pp. 599-652). 2014

Multiplicity of equilibria is a common problem in many economic models. In general, it is impossible to devise methods that always find all equilibria for any type of model. A notable exception are models in which all equilibria are solutions to a system of polynomial equations since there are...

Persistent link: https://www.econbiz.de/10014025711

Directional Monotone Comparative Statics

Barthel, Anne-Christine - 2019

same flavor as their counterparts in the standard theory, showing new connections to the standard theory. The results are … highlighted by several applications in consumer theory, producer theory and game theory. These applications were previously … outside the scope of the standard theory of monotone comparative statics …

Persistent link: https://www.econbiz.de/10012894110

A risk based approach to the principal-agent problem

Djehiche, Boualem; Helgesson, Peter - In: Asian journal of economics and banking : AJEB 8 (2024) 3, pp. 310-334

Purpose: We aim to generalize the continuous-time principal-agent problem to incorporate time-inconsistent utility functions, such as those of mean-variance type, which are prevalent in risk management and finance. Design/methodology/approach: We use recent advancements of the Pontryagin maximum...

Persistent link: https://www.econbiz.de/10015163486

Modeling strategic investment decisions in spatial markets

Lorenczik, Stefan; Malischek, Raimund; Trüby, Johannes - 2014

Markets for natural resources and commodities are often oligopolistic. In these markets, production capacities are key for strategic interaction between the oligopolists. We analyze how different market structures influence oligopolistic capacity investments and thereby affect supply, prices and...

Persistent link: https://www.econbiz.de/10010344067

Optimal Multiattribute Screening

Weber, Thomas A. - 2016

We provide a technique for constructing optimal multiattribute screening contracts in a general setting with one-dimensional types based on necessary optimality conditions. Our approach allows for type-dependent participation constraints and arbitrary risk profiles. As an example we discuss...

Persistent link: https://www.econbiz.de/10012978605

Directional Monotone Comparative Statics in Function Spaces

Paul, Uttiya; Sabarwal, Tarun - 2023

results, such as neoclassical growth model, infinite-dimensional consumer theory, and infinite-dimensional, directional Le …

Persistent link: https://www.econbiz.de/10014261796

Has dynamic programming improved decision making?

Rust, John - In: Annual review of economics 11 (2019), pp. 833-858

Persistent link: https://www.econbiz.de/10012623842

Sind Unternehmensplanspiele ein geeignetes Instrument zur Analyse begrenzter Rationalität und tatsächlichen Entscheidungsverhaltens?

Mußhoff, Oliver; Hirschauer, Norbert; Hengel, Philipp - In: German journal of agricultural economics : GJAE 60 (2011) 3, pp. 154-169

Persistent link: https://www.econbiz.de/10009376425