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Exploring Dual Discount Rates for Ecosystem Services: Evidence from a Marine Protected Area Network
(2019)
This paper presents a joint estimation of the willingness to pay for conservation
activities aimed at preserving the flow of ecosystem services provided by a marine
protected area network and respondents’ personal discount ...
THE VANISHING DISCOUNT APPROACH FOR THE AVERAGE CONTINUOUS CONTROL OF PIECEWISE DETERMINISTIC MARKOV PROCESSES
(APPLIED PROBABILITY TRUST, 2009)
This work is concerned with the existence of an optimal control strategy for the long-run average continuous control problem of piecewise-deterministic Markov processes (PDMPs). In Costa and Dufour (2008), sufficient ...
SINGULARLY PERTURBED DISCOUNTED MARKOV CONTROL PROCESSES IN A GENERAL STATE SPACE
(SIAM PUBLICATIONSPHILADELPHIA, 2012)
This paper studies the asymptotic optimality of discrete-time Markov decision processes (MDPs) with general state space and action space and having weak and strong interactions. By using a similar approach as developed by ...
Integral equations for the aggregate claim amount
(Centro de Investigaciones en Matemática Pura y Aplicada (CIMPA) y Escuela de Matemática, San José, Costa Rica., 2011)
Long-term Yields Implied by Stochastic Discount Factor Decompositions
(Sociedade Brasileira de Econometria, 2019)
Singular Perturbation for the Discounted Continuous Control of Piecewise Deterministic Markov Processes
(SPRINGER, 2011)
This paper deals with the expected discounted continuous control of piecewise deterministic Markov processes (PDMP`s) using a singular perturbation approach for dealing with rapidly oscillating parameters. The state space ...
An Essay on stochastic discount factor decomposition
(2018)
In this work, we use the framework developed by Christensen (2017) and Hansen and Scheinkman (2009) to study the long-term interest rates in the US and Brazil. In our first set of results, we assess Christensen (2017) ...