The Infinite Horizon Case
Maximizing Revenue with Dynamic Cloud Pricing: The Infinite Horizon Case
... an infinite horizon revenue maximization framework to tackle the dynamic pricing problem in an infrastructure ...the infinite horizon ...
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Infinite Horizon Discrete Time Control Problems for Bounded Processes
... b β t Φ x t , u t p t1 , f t x t , u t ≥ β t Φ x t , u t p t1 , f t x t , u t , for all t, for all u t ∈ U, c lim t→ ∞ p t 0. Comments For continuous time problems, one does not need conditions to obtain a strong ...
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An infinite horizon model of dynamic membership of international environmental agreements
... The model is extremely simple and there are many possible lines for further research. One obvious question is how global welfare in this variable membership model would compare with global welfare in a fixed membership ...
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On equilibrium existence in infinite horizon economies
... particular case in which assets are numerarie, to assure equilibrium existence it suffices to have utility functions which are quasi-linear in the commodity used as ...
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Infinite horizon economies with borrowing constraints
... finite horizon economies, it is enough to assure that the discounted value of individual wealth is finite (using as deflators the cluster point of the Kuhn-Tucker multipliers corresponding to finite horizon ...
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Monetary Equilibria over an Infinite Horizon.
... this case, a lower bound on the overall price level guarantees solvency of every individual and posi- tivity of transfers at all date-events, while state prices remain indeterminate, up to consistency with nominal ...
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Infinite Horizon Sparse Optimal Control
... of infinite horizon, optimal control problems with L p -penalties, p ∈ (0, 1], in the ...convex case when p = 1. In the nonconvex case, existence results are presented systems which are affine ...
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Convergence of trajectories in infinite horizon optimization
... unbounded horizon may be infinite or diverge, a discounting factor is applied in the definition of the total ...be infinite. In this case, different optimality criteria apart from minimal ...
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Robust Consumption-Investment Problem on Infinite Horizon
... stochastic factor. The investor trades between these assets and is supposed to consume part of his wealth. Instead of supposing that this is the exact model, we assume here that the trader knows only that the correct ...
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Collateral, default penalties and infinite horizon equilibrium
... the case promises are not traded, whether the expectations about delivery rates are consistent with the default attitude (the relation between penalty coefficients and marginal utilities of income) of agents on ...
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A maximum principle for infinite horizon delay equatations
... infinite horizon with the trivial transversality conditions were treated by Haadem, Øksendal, and Proske ...infinite case would be a zero limit condition, meaning in the economic sense that one more unit of ...
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Dividend taxation in an infinite horizon general equilibrium model
... When the government increases the tax rate (τ) on dividends, the net dividends decrease but the production level increases. Hence, the total amount of good may decrease or increase. It is natural to study the optimal ...
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Rational land and housing bubbles in infinite-horizon economies
... particular case of our productive asset is when every agents share the same and linear ...this case, one unit purchased at each date delivers an exogenous amount of consumption good (a real dividend) at the ...
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An Algorithm for Infinite Horizon Lot Sizing with Deterministic Demand
... We could use the stopping rule specified in the algorithm and solve finite horizon problems by the Wagner- Whitin algorithm, modified for the case of discounting of future cost. Nevertheless, our algorithm ...
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Human Health and Aging over an Infinite Time Horizon
... To abstract from the dynamics originated by changes in individual wealth and to focus on the role of health deficits accumulation, let r = q + ρ. In such a case, the shadow price of capital η does not vary over ...
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On Infinite Horizon Optimal Stopping of General Random Walk
... from above by a function of the form (3.3). However, he makes no comment on whether or not the actual value of the problem is of the same form or on its connection to the Martin boundary theory. 4 Continuous Pasting vs. ...
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Infinite horizon stopping problems with (nearly) total reward criteria
... for infinite horizon stopping problems even with a constant discount ...undiscounted case is the integral part of the functional which is interpreted as a penalty for a long wait before stopping – an ...
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The compromise efficiency vs egalitarianism among generations with an infinite horizon
... of infinite utility ...and case-studies cover: extensions of restricted non-substitution; or Hammond Equity-related principles; together with the usual Anonymity ...
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Optimality criteria for deterministic discrete time infinite horizon optimization
... an infinite horizon is complicated by the criterion issue of imposing preferences over the collection of associ- ated cost ...the case where the infinite stream of cost flows is discounted, ...
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Stochastic Infinite Horizon Forecasts for Social Security and Related Studies
... the case of mortality forecasts, this ideal case holds quite well, using the Lee-Carter ...the case of fertility, there are strong theoretical reasons to expect the central tendency to have changed ...
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