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On the estimation of distributional household wealth : addressing under-reporting via optimization problems with invariant Gini coefficient

Engel, Janina; Ohlwerter, Dennis; Scherer, Matthias - 2023

optimization problem that aims at preserving for each wealth instrument the level of inequality measured by the Gini coefficient … wealth discrepancies across the households. Finally, based on the German HFCS, we compare the findings with another approach … may reallocate households' wealth beyond the observed discrepancies, thereby leading to Gini coefficients that exceed the …

Persistent link: https://www.econbiz.de/10014482886

Stochastic ordering of stationary distributions of linear recurrences : further results and economic applications

Di Pietro, Christian; Pietroluongo, Mariafortuna; … - In: Economies : open access journal 11 (2023) 4, pp. 1-10

distributions. While useful in studies of ergodic wealth accumulation processes and the persistence of inequality, our results can … capital income and earnings taxation on expected wealth concentration over higher quantiles as well as on conditional upper … tail dispersion of wealth holdings, qualifying previous results that solely rely on the determination of Pareto exponents. …

Persistent link: https://www.econbiz.de/10014318759

An Optimal Fair Job Assignment Problem

Yang, Zaifu - 2003

We study the problem of how to allocate a set of indivisible objects like jobs or houses and an amount of money among a group of people as fairly and as efficiently as possible. A particular constraint for such an allocation is that every person should be assigned with the same number of objects...

Persistent link: https://www.econbiz.de/10014120927

A Heuristic Approach to Explore : The Value of Perfect Information

Shahrokhi Tehrani, Shervin - 2019

How do people make choices in a dynamic stochastic environment when they face uncertainty about the return of their choices? The classical approach to this problem is to assume consumers use dynamic programming to obtain the optimal decision rule. However, this approach has two drawbacks. First,...

Persistent link: https://www.econbiz.de/10012870784

Application of projection method in a model of endogenous growth

Kejak, Michal - 1995

Persistent link: https://www.econbiz.de/10000915319

My New Idea for Optimized Combinatorial Techniques

Annamalai, Chinnaraji - 2022

. This paper presents a new theorem with binomial coefficient for researchers working in the theory of computation …

Persistent link: https://www.econbiz.de/10014082510

Index Tracking : A Stock Selection Model using Particle Swarm Optimization

Chen, Ren-Raw - 2022

Index tracking has long been of interest for both industry of fund management andacademia. Various methods have been proposed and tested and various issues arediscussed throughout the past 30 years. Yet one issue remains unresolved is how toperform stock selection optimally. In this paper, I...

Persistent link: https://www.econbiz.de/10014084400

Wafer Defect Inspection Optimization : Models, Analysis and Algorithms

Shi, Zhongshun; Qin, Ming; Chen, Weiwei; Gao, Siyang; … - 2019

The prevalence of electronic devices has propelled the tremendous growth of the semiconductor industry in the past half century. The manufacturing of semiconductor wafers is a long and delicate process, where defect points may occur and cause the failure of the entire circuit. As more advanced...

Persistent link: https://www.econbiz.de/10014106782

The Market Resources Method for Solving Dynamic Optimization Problems

Kabukcuoglu Dur, Ayşe - 2017

We introduce the market resources method (MRM) for solving dynamic optimization problems. MRM extends Carroll's (2006) endogenous grid point method (EGM) for problems with more than one control variable using policy function iteration. The MRM algorithm is simple to implement and provides...

Persistent link: https://www.econbiz.de/10012968950

Diversification Benefits of Commodities : A Stochastic Dominance Efficiency Approach

Daskalaki, Charoula - 2017

We revisit the question whether commodities should be included in investors' portfolios. We employ for the first time a stochastic dominance efficiency (SDE) approach to construct optimal portfolios with and without commodities and we evaluate their comparative performance. SDE circumvents the...

Persistent link: https://www.econbiz.de/10012970724