Modeling myopia: Application to non-renewable resource extraction

We develop a parsimonious model of myopia with an infinitesimal period of commitment as an extension to a standard dynamic optimization in a continuous-time environment. We clearly distinguish the processes of planning future controls and choosing the current control, which makes the model both anal...

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主要作者: FUJII, Tomoki
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2013
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在線閱讀:https://ink.library.smu.edu.sg/soe_research/1522
https://ink.library.smu.edu.sg/context/soe_research/article/2521/viewcontent/Modeling_Myopia_av.pdf
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機構: Singapore Management University
語言: English