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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...
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. Further, the definition and determination of temperature is dependent on theory and not on standard mechanical units. It is …
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Legumes, which currently show low production levels in the European Union, can reduce negative environmental externalities of agricultural systems by lowering nitrogen (N) fertilization and increasing protein self-sufficiency. This has led to the introduction of coupled support in France, in...
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This paper identifies a fundamental challenge in the development of input-output databases of the world economy … intended for analysis of alternative scenarios with a model of the world economy. Primary data sources for individual economies …-output/linear programming model of the world economy, the World Trade Model (WTM). The desirable properties of the resulting WTM/RCOT model are …
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