An optimality criterion is a single number that summarizes how good a design is, and it is maximized or minimized by an optimal design. This section discusses in detail the optimality criteria ...
Javier Milei has been in office for less than a year, but he has taken his chainsaw to the government, as he promised. He chopped off half of the government ministries, devalued the peso by 50 percent ...
This title is part of a longer publication history. The full run of this journal will be searched. TITLE HISTORY A title history is the publication history of a journal and includes a listing of the ...
In this chapter we extend the study of the existence, optimality, and local uniqueness of competitive equilibria to a wider class of economies: The class of economies, suggested by Arrow in 1953, in ...
The paper provides a detailed overview of the theoretical structure of the model, including optimization problems of economic agents and first-order optimality conditions. A particular emphasis is put ...
In the DDM, noisy evidence is accumulated into a decision variable until reaching one of the two bounds, representing commitment to one of two choices (e.g., left or right). In general, the average ...