Dynamic programming is the essential tool in dynamic economic analysis. Problems such as portfolio allocation for individuals and optimal economic growth are typical examples. Numerical methods typically approximate the value function. Recent work has focused on making numerical methods more...

CCS (carbon dioxide capture and storage) is an issue which has received increasing attention in the debate on climate change over the last years because of its relative technical simplicity and a large expected potential in reducing carbon dioxide emissions. The coexistence of both strong...