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COVID-19 has profoundly changed the way that we study and work. For students, especially primary and middle school students, online education has become a solution to learning problems. However, online and offline education have their own characteristics and different learning efficiencies in...
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We construct the first algorithm for the perfect foresight solution of otherwise linear models with occasionally binding constraints, with fixed terminal conditions, that is guaranteed to return a solution in finite time, if one exists. We also provide a proof of the inescapability of the "curse...
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We present the first necessary and sufficient conditions for there to be a unique perfect-foresight solution to an otherwise linear dynamic model with occasionally binding constraints, given a fixed terminal condition. We derive further results on the existence of a solution in the presence of...
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