Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ C: Mathematical and Quantitative Methods
/ / C6: Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
/ / / C61: Optimization Techniques; Programming Models; Dynamic Analysis

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This JEL code is mentioned in the following RePEc Biblio entries:

1. Dynamic Stochastic General Equilibrium
2. Solution Methods for DSGE models

2015

• Steg, Jan-Henrik & Thijssen, Jacco, 2015, "Quick or Persistent? Strategic Investment Demanding Versatility," Center for Mathematical Economics Working Papers, Center for Mathematical Economics, Bielefeld University, number 541, Jun.
• Steg, Jan-Henrik, 2015, "Preemptive Investment under Uncertainty," Center for Mathematical Economics Working Papers, Center for Mathematical Economics, Bielefeld University, number 549, Nov.
• Jason Matthew DeBacker, 2015, "Flip‐Flopping: Ideological Adjustment Costs In The United States Senate," Economic Inquiry, Western Economic Association International, volume 53, issue 1, pages 108-128, January, DOI: 10.1111/ecin.12114.
• David Aadland & Frederic P. Sterbenz, 2015, "The Economics Of Emergency Meetings," Economic Inquiry, Western Economic Association International, volume 53, issue 2, pages 1019-1037, April.
• Takashi Kamihigashi, 2015, "Multiple interior steady states in the Ramsey model with elastic labor supply," International Journal of Economic Theory, The International Society for Economic Theory, volume 11, issue 1, pages 25-37, March.
• Diego Amaya & Geneviève Gauthier & Thomas-Olivier Léautier, 2015, "Dynamic Risk Management: Investment, Capital Structure, and Hedging in the Presence of Financial Frictions," Journal of Risk & Insurance, The American Risk and Insurance Association, volume 82, issue 2, pages 359-399, June.
• M. Moretto & G. Rossini, 2015, "Vertical flexibility, outsourcing and the financial choices of the firm," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp1009, Jun.
• Mizrach Bruce, 2015, "A video interview of James Stock," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 19, issue 4, pages 393-395, September, DOI: 10.1515/snde-2015-0036.
• Zuzana Mucka & Michal Horvath, 2015, "Fiscal Policy Matters A New DSGE Model for Slovakia," Discussion Papers, Council for Budget Responsibility, number Discussion Paper No. 1/20, Mar.
• Robert M. Sauer, 2015, "Does it Pay for Women to Volunteer?," CHILD Working Papers Series, Centre for Household, Income, Labour and Demographic Economics (CHILD) - CCA, number 31.
• Bity DIENE & Mbaye DIENE & Luc SOETE, 2015, "Optimal health investment and preferences structure," Working Papers, CERDI, number 201507, Apr.
• Bity DIENE & Mbaye DIENE, 2015, "Human capital productivity and uncertainty," Working Papers, CERDI, number 201508, Apr.
• Rolf Golombek & Arvid Raknerud, 2015, "Exit Dynamics of Start-up Firms: Does Profit Matter?," CESifo Working Paper Series, CESifo, number 5172.
• T. Scott Findley & Frank N. Caliendo, 2015, "Time Inconsistency and Retirement Choice," CESifo Working Paper Series, CESifo, number 5208.
• Yu-Fu Chen & Michael Funke, 2015, "Going Offshore: Investments in German Wind Energy under Uncertainty," CESifo Working Paper Series, CESifo, number 5408.
• Peter Bogetoft & Eskil Heinesen & Torben Tranaes, 2015, "The Efficiency of Educational Production: A Comparison of the Nordic Countries with other OECD Countries," CESifo Working Paper Series, CESifo, number 5514.
• Anna Creti & Alena Kotelnikova & Guy Meunier & Jean-Pierre Ponssard, 2015, "Defining the Abatement Cost in Presence of Learning-by-doing: Application to the Fuel Cell Electric Vehicle," CESifo Working Paper Series, CESifo, number 5596.
• Galina Besstremyannaya & Jaak Simm, 2015, "Robust non-parametric estimation of cost efficiency with an application to banking industry," Working Papers, Center for Economic and Financial Research (CEFIR), number w0217, Aug.
• Markus LEIPPOLD & Nikola VASILJEVIC, 2015, "Pricing and Disentanglement of American Puts in the Hyper-Exponential Jump-Diffusion Model," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-08, Feb, revised Mar 2015.
• Sebastian Herrmann & Johannes Muhle-Karbe & Frank Thomas Seifried, 2015, "Hedging with Small Uncertainty Aversion," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-19, Jul, revised Apr 2017.
• Johannes Muhle-Karbe & Kevin Webster, 2015, "Information and Inventories in High-Frequency Trading," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-35, Sep.
• Carlo Sala & Giovanni Barone-Adesi, 2015, "Conditioning the Information in Portfolio Optimization," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-50, Oct, revised Apr 2016.
• Sebastian Herrmann & Johannes Muhle-Karbe, 2015, "Model Uncertainty, Recalibration, and the Emergence of Delta-Vega Hedging," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-52, Nov, revised Jul 2016.
• Ciprian Necula & Elise Gourier & Robert Huitema & Walter Farkas, 2015, "A Two-Factor Cointegrated Commodity Price Model with an Application to Spread Option Pricing," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-54, Oct, revised Jun 2016.
• Walter Farkas & Ciprian Necula & Boris Waelchli, 2015, "Herding and Stochastic Volatility," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-59, Oct.
• Paul Schneider & Fabio Trojani, 2015, "Divergence and the Price of Uncertainty," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-60, Nov.
• Claire Naiditch & Agnes Tomini & Christian Ben Lakhdar, 2015, "Remittances and incentive to migrate: An epidemic approach of migration," International Economics, CEPII research center, issue 142, pages 118-135.
• Franz Hamann & Jes�s Bejarano & Diego Rodr�guez, 2015, "Monetary policy implications for an oil-exporting economy of lower long-run international oil prices," Borradores de Economia, Banco de la Republica, number 12615, Mar.
• Juli�n David Garc�a-Pulgar�n & Javier G�mez-Restrepo & Daniel Vela-Bar�n, 2015, "An Asset Allocation Framework with Tranches for Foreign Reserves," Borradores de Economia, Banco de la Republica, number 13440, Aug.
• Susana Mejía & Andr�s Ram�rez Hassan, 2015, "Determining the Optimal Selling Time of Cattle: A Stochastic Dynamic Programming Approach," Documentos de Trabajo de Valor Público, Universidad EAFIT, number 13679, Jul.
• Christopher Mejía Argueta & Osman Camilo Soto Cardona & Harol Mauricio G�mez Alb�n & Jenny Patricia Moreno Moreno, 2015, "Análisis del tamano de empaque en la cadena de valor para minimizar costos logísticos: un caso de estudio en Colombia," Estudios Gerenciales, Universidad Icesi.
• Alexander Cotte Poveda & Julian Gutierrez L�pez, 2015, "Incertidumbre y riesgo en los cobros desde el punto penal: un análisis aplicando la teoría de juegos," Serie de Documentos en Economía y Violencia, Centro de Investigaciones en Violencia, Instituciones y Desarrollo Económico (VIDE), number 16606, Dec.
• Jose Luis Alayon G., 2015, "Distribucion hiperbolica generalizada: una aplicacion en la seleccion de portafolios y en cuantificacion de medidas de riesgo de mercado," Revista de Economía del Rosario, Universidad del Rosario, volume 18, issue 2, pages 249-308.
• Graciela Chaparro Guevara & Lorenzo Escot Mangas, 2015, "El control de sistemas dinámicos caóticos en economía: aplicación a un modelo de hiperinflación," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, volume 7, issue 1, pages 131-145.
• Queyranne, M. & Wolsey, L.A., 2015, "Tight MIP Formulations for Bounded Up/Down Times and Interval-Dependent Start-Ups," LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE), number 2015036, Jul.
• REDDY, Srinivas K. & STAM, Antonie & AGRELL, Per J., 2015, "Brand equity, efficiency and valuation of professional sports franchises: the case of major league baseball," LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE), number 2706, Jan.
• Rubio-Ramírez, Juan Francisco & Schorfheide, Frank & Fernández-Villaverde, Jesús, 2015, "Solution and Estimation Methods for DSGE Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11032, Dec.
• Pierre Bernhard & Marc Deschamps, 2015, "On dynamic games with randomly arriving players," Working Papers, CRESE, number 2015-13, Sep.
• Anastasiia Panchuk, 2015, "CompDTIMe: Computing one-dimensional invariant manifolds for saddle points of discrete time dynamical systems," Gecomplexity Discussion Paper Series, Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation", number 11, Feb, revised Feb 2015.
• Jose S. Cánovas & Anastasiia Panchuk & Tonu Puu, 2015, "Role of reinvestment in a competitive market," Gecomplexity Discussion Paper Series, Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation", number 12, Apr, revised Apr 2015.
• Kiminori Matsuyama & Iryna Sushko & Laura Gardini, 2015, "Revisiting the model of credit cycles with good and bad projects," Gecomplexity Discussion Paper Series, Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation", number 8, Feb, revised Feb 2015.
• Kiminori Matsuyama & Iryna Sushko & Laura Gardini, 2015, "Globalization and synchronization of innovation cycles," Gecomplexity Discussion Paper Series, Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation", number 9, Feb, revised Feb 2015.
• Xiaojun Zhao, 2015, "Optimal Income Taxations with Information Asymmetry: The Lagrange Multiplier Approach," Annals of Economics and Finance, Society for AEF, volume 16, issue 1, pages 199-229, May.
• Haijun Wang & L. Steven Hou, 2015, "Robust Consumption and Portfolio Choice with Habit Formation, the Spirit of Capitalism and Recursive Utility," Annals of Economics and Finance, Society for AEF, volume 16, issue 2, pages 393-416, November.
• Coqueret, Guillaume, 2015, "Optimal Wine Pricing for Restaurants," Journal of Wine Economics, Cambridge University Press, volume 10, issue 2, pages 204-224, November.
• Barnett, William A. & Serletis, Apostolos & Serletis, Demitre, 2015, "Nonlinear And Complex Dynamics In Economics," Macroeconomic Dynamics, Cambridge University Press, volume 19, issue 8, pages 1749-1779, December.
• Vékás, Péter & van der Vlerk, Maarten & Klein Haneveld, Willem, 2015, "Improved stochastic optimization of railway timetables," Corvinus Economics Working Papers (CEWP), Corvinus University of Budapest, number 2015/18, Oct.
• Lilia Maliar & Serguei Maliar, 2015, "EDS code for new Keynesian model with ZLB in "Merging Simulation and Projection Aproaches to Solve High-Dimensional Problems with an Application to a New Keynesian model"," QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles, number 202, revised .
• Philipp M. Richter & Roman Mendelevitch & Frank Jotzo, 2015, "Market Power Rents and Climate Change Mitigation: A Rationale for Coal Taxes?," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1471.
• Daniel Huppmann & Sauleh Siddiqui, 2015, "An Exact Solution Method for Binary Equilibrium Problems with Compensation and the Power Market Uplift Problem," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1475.
• Roman Mendelevitch & Pao-Yu Oei, 2015, "The Impact of Policy Measures on Future Power Generation Portfolio and Infrastructure: A Combined Electricity and CCTS Investment and Dispatch Model (ELCO)," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1521.
• Matthew N. White, 2015, "The Method of Endogenous Gridpoints in Theory and Practice," Working Papers, University of Delaware, Department of Economics, number 15-03.
• Marc Baudry & Clément Bonnet, 2015, "Market pull instruments and the development of wind power in Europe: a counterfactual analysis," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2015-18.
• Snorre Kverndokk & Jared C. Carbone, 2015, "Individual Investments in Education and Health," CINCH Working Paper Series, Universitaet Duisburg-Essen, Competent in Competition and Health, number 1506, Jun, revised Jun 2015.
• Xavier Boutin, 2015, "Mergers and the Dynamics of Innovation," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2015-15, May.
• Abdulkadir Abdulrashid Rafindadi, 2015, "Could the Expanding Economic Growth and Trade Openness of the United Kingdom Pose a Threat to its Existing Energy Predicaments?," International Journal of Energy Economics and Policy, Econjournals, volume 5, issue 1, pages 121-137.
• Abdulkadir Abdulrashid Rafindadi, 2015, "Econometric Prediction on the Effects of Financial Development and Trade Openness on the German Energy Consumption: A Startling Revelation," International Journal of Energy Economics and Policy, Econjournals, volume 5, issue 1, pages 182-196.
• Mehmet Toptas, 2015, "Determining the Underlying Reasons of License Termination and Cancellation Associated with Local Power Production in Turkey," International Journal of Energy Economics and Policy, Econjournals, volume 5, issue 2, pages 468-474.
• Cuma Bozkurt & M. Akif Destek, 2015, "Renewable Energy and Sustainable Development Nexus in Selected OECD Countries," International Journal of Energy Economics and Policy, Econjournals, volume 5, issue 2, pages 507-514.
• Mohammad Ali Motafakker Azad & Mohsen Pourebadollahan Covich & Sakineh Sojoodi, 2015, "The Impact of Electricity Competitive Market Establishment on Technical Efficiency of Thermal Power Plants in Iran," International Journal of Energy Economics and Policy, Econjournals, volume 5, issue 4, pages 1010-1015.
• Supratim Das Gupta, 2015, "Dynamics of Switching from Polluting Resources to Green Technologies," International Journal of Energy Economics and Policy, Econjournals, volume 5, issue 4, pages 1109-1124.
• Selçuk Alp & Tuðba Kiral Özkan, 2015, "Job Choice with Multi-Criteria Decision Making Approach in a Fuzzy Environment," International Review of Management and Marketing, Econjournals, volume 5, issue 3, pages 165-172.
• Mercedes Beltrán Esteve & Ernest Reig Martínez & Vicent Estruch Guitart, 2015, "Assessing conventional and organic citrus farming systems eco-efficiency: a metafrontier directional distance function approach using Life Cycle Analysis," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 1501, Jan.
• Ernest Reig, 2015, "Calidad de vida en las ciudades del Área Metropolitana de Valencia: un análisis comparativo con DEA y MCDA," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 1509, Dec.
• Kronborg, Morten Tolver & Jarner, Søren Fiig, 2015, "Why you should care about investment costs: A risk-adjusted utility approach," Journal of Behavioral and Experimental Finance, Elsevier, volume 6, issue C, pages 56-66, DOI: 10.1016/j.jbef.2015.03.004.
• Carraro, Alessandro & Ricchiuti, Giorgio, 2015, "Heterogeneous fundamentalists and market maker inventories," Chaos, Solitons & Fractals, Elsevier, volume 79, issue C, pages 73-82, DOI: 10.1016/j.chaos.2015.05.031.
• Zemel, Amos, 2015, "Adaptation, mitigation and risk: An analytic approach," Journal of Economic Dynamics and Control, Elsevier, volume 51, issue C, pages 133-147, DOI: 10.1016/j.jedc.2014.10.001.
• Aïd, René & Federico, Salvatore & Pham, Huyên & Villeneuve, Bertrand, 2015, "Explicit investment rules with time-to-build and uncertainty," Journal of Economic Dynamics and Control, Elsevier, volume 51, issue C, pages 240-256, DOI: 10.1016/j.jedc.2014.10.010.
• Caulkins, Jonathan P. & Feichtinger, Gustav & Grass, Dieter & Hartl, Richard F. & Kort, Peter M. & Seidl, Andrea, 2015, "Skiba points in free end-time problems," Journal of Economic Dynamics and Control, Elsevier, volume 51, issue C, pages 404-419, DOI: 10.1016/j.jedc.2014.11.003.
• Givens, Gregory E. & Salemi, Michael K., 2015, "Inferring monetary policy objectives with a partially observed state," Journal of Economic Dynamics and Control, Elsevier, volume 52, issue C, pages 190-208, DOI: 10.1016/j.jedc.2014.11.008.
• de Groot, Oliver, 2015, "Solving asset pricing models with stochastic volatility," Journal of Economic Dynamics and Control, Elsevier, volume 52, issue C, pages 308-321, DOI: 10.1016/j.jedc.2015.01.001.
• Colwell, David B. & Feldman, David & Hu, Wei, 2015, "Non-transferable non-hedgeable executive stock option pricing," Journal of Economic Dynamics and Control, Elsevier, volume 53, issue C, pages 161-191, DOI: 10.1016/j.jedc.2015.02.002.
• Güntner, Jochen H.F., 2015, "The federal funds market, excess reserves, and unconventional monetary policy," Journal of Economic Dynamics and Control, Elsevier, volume 53, issue C, pages 225-250, DOI: 10.1016/j.jedc.2015.02.011.
• Forand, Jean Guillaume, 2015, "Keeping your options open," Journal of Economic Dynamics and Control, Elsevier, volume 53, issue C, pages 47-68, DOI: 10.1016/j.jedc.2015.02.008.
• Heaps, Terry, 2015, "Convergence of optimal harvesting policies to a normal forest," Journal of Economic Dynamics and Control, Elsevier, volume 54, issue C, pages 74-85, DOI: 10.1016/j.jedc.2015.03.001.
• Hull, Isaiah, 2015, "Approximate dynamic programming with post-decision states as a solution method for dynamic economic models," Journal of Economic Dynamics and Control, Elsevier, volume 55, issue C, pages 57-70, DOI: 10.1016/j.jedc.2015.03.008.
• Schlosser, Rainer, 2015, "Dynamic pricing and advertising of perishable products with inventory holding costs," Journal of Economic Dynamics and Control, Elsevier, volume 57, issue C, pages 163-181, DOI: 10.1016/j.jedc.2015.05.017.
• Ewald, Christian-Oliver & Yor, Marc, 2015, "On increasing risk, inequality and poverty measures: Peacocks, lyrebirds and exotic options," Journal of Economic Dynamics and Control, Elsevier, volume 59, issue C, pages 22-36, DOI: 10.1016/j.jedc.2015.07.004.
• Grüne, Lars & Semmler, Willi & Stieler, Marleen, 2015, "Using nonlinear model predictive control for dynamic decision problems in economics," Journal of Economic Dynamics and Control, Elsevier, volume 60, issue C, pages 112-133, DOI: 10.1016/j.jedc.2015.08.010.
• White, Matthew N., 2015, "The method of endogenous gridpoints in theory and practice," Journal of Economic Dynamics and Control, Elsevier, volume 60, issue C, pages 26-41, DOI: 10.1016/j.jedc.2015.08.001.
• Wirl, Franz, 2015, "Output adjusting cartels facing dynamic, convex demand under uncertainty: The case of OPEC," Economic Modelling, Elsevier, volume 44, issue C, pages 307-316, DOI: 10.1016/j.econmod.2014.10.021.
• Di Giovinazzo, Viviana & Naimzada, Ahmad, 2015, "A model of fashion: Endogenous preferences in social interaction," Economic Modelling, Elsevier, volume 47, issue C, pages 12-17, DOI: 10.1016/j.econmod.2014.12.029.
• Ramli, Noor Asiah & Munisamy, Susila, 2015, "Eco-efficiency in greenhouse emissions among manufacturing industries: A range adjusted measure," Economic Modelling, Elsevier, volume 47, issue C, pages 219-227, DOI: 10.1016/j.econmod.2015.02.034.
• Bogetoft, Peter & Heinesen, Eskil & Tranæs, Torben, 2015, "The efficiency of educational production: A comparison of the Nordic countries with other OECD countries," Economic Modelling, Elsevier, volume 50, issue C, pages 310-321, DOI: 10.1016/j.econmod.2015.06.025.
• Crowley, Patrick M. & Hudgins, David, 2015, "Fiscal policy tracking design in the time–frequency domain using wavelet analysis," Economic Modelling, Elsevier, volume 51, issue C, pages 502-514, DOI: 10.1016/j.econmod.2015.09.001.
• Itkin, Andrey, 2015, "To sigmoid-based functional description of the volatility smile," The North American Journal of Economics and Finance, Elsevier, volume 31, issue C, pages 264-291, DOI: 10.1016/j.najef.2014.12.005.
• Billio, Monica & Caporin, Massimiliano & Costola, Michele, 2015, "Backward/forward optimal combination of performance measures for equity screening," The North American Journal of Economics and Finance, Elsevier, volume 34, issue C, pages 63-83, DOI: 10.1016/j.najef.2015.08.002.
• Findley, T. Scott & Caliendo, Frank N., 2015, "Time inconsistency and retirement choice," Economics Letters, Elsevier, volume 129, issue C, pages 4-8, DOI: 10.1016/j.econlet.2015.01.027.
• Macieira, João, 2015, "Introducing consumer heterogeneity in dynamic games with multi-product firms and differentiated product demand," Economics Letters, Elsevier, volume 129, issue C, pages 62-65, DOI: 10.1016/j.econlet.2015.01.008.
• Cabo, Francisco & Martín-Herrán, Guiomar & Martínez-García, María Pilar, 2015, "Non-constant discounting and Ak-type growth models," Economics Letters, Elsevier, volume 131, issue C, pages 54-58, DOI: 10.1016/j.econlet.2015.03.040.
• Meyer-Gohde, Alexander & Neuhoff, Daniel, 2015, "Solving and estimating linearized DSGE models with VARMA shock processes and filtered data," Economics Letters, Elsevier, volume 133, issue C, pages 89-91, DOI: 10.1016/j.econlet.2015.05.024.
• Dalkır, Elif, 2015, "Shareholder information and partial tender offers," Economics Letters, Elsevier, volume 136, issue C, pages 64-66, DOI: 10.1016/j.econlet.2015.08.033.
• Demuynck, Thomas, 2015, "Bounding average treatment effects: A linear programming approach," Economics Letters, Elsevier, volume 137, issue C, pages 75-77, DOI: 10.1016/j.econlet.2015.09.042.
• Aparicio, Juan & Pastor, Jesus T. & Zofio, Jose L., 2015, "How to properly decompose economic efficiency using technical and allocative criteria with non-homothetic DEA technologies," European Journal of Operational Research, Elsevier, volume 240, issue 3, pages 882-891, DOI: 10.1016/j.ejor.2014.08.012.
• Guajardo, Mario & Jörnsten, Kurt, 2015, "Common mistakes in computing the nucleolus," European Journal of Operational Research, Elsevier, volume 241, issue 3, pages 931-935, DOI: 10.1016/j.ejor.2014.10.037.
• Ray, Subhash C., 2015, "Nonparametric measures of scale economies and capacity utilization: An application to U.S. manufacturing," European Journal of Operational Research, Elsevier, volume 245, issue 2, pages 602-611, DOI: 10.1016/j.ejor.2015.03.024.
• Kellenbrink, Carolin & Helber, Stefan, 2015, "Scheduling resource-constrained projects with a flexible project structure," European Journal of Operational Research, Elsevier, volume 246, issue 2, pages 379-391, DOI: 10.1016/j.ejor.2015.05.003.
• Huppmann, Daniel & Egerer, Jonas, 2015, "National-strategic investment in European power transmission capacity," European Journal of Operational Research, Elsevier, volume 247, issue 1, pages 191-203, DOI: 10.1016/j.ejor.2015.05.056.
• Herrero, Ignacio & Rodilla, Pablo & Batlle, Carlos, 2015, "Electricity market-clearing prices and investment incentives: The role of pricing rules," Energy Economics, Elsevier, volume 47, issue C, pages 42-51, DOI: 10.1016/j.eneco.2014.10.024.
• Li, Ke & Lin, Boqiang, 2015, "Metafroniter energy efficiency with CO2 emissions and its convergence analysis for China," Energy Economics, Elsevier, volume 48, issue C, pages 230-241, DOI: 10.1016/j.eneco.2015.01.006.
• Seljom, Pernille & Tomasgard, Asgeir, 2015, "Short-term uncertainty in long-term energy system models — A case study of wind power in Denmark," Energy Economics, Elsevier, volume 49, issue C, pages 157-167, DOI: 10.1016/j.eneco.2015.02.004.
• Matar, Walid & Murphy, Frederic & Pierru, Axel & Rioux, Bertrand, 2015, "Lowering Saudi Arabia's fuel consumption and energy system costs without increasing end consumer prices," Energy Economics, Elsevier, volume 49, issue C, pages 558-569, DOI: 10.1016/j.eneco.2015.03.019.
• Alayo, Hans & García, Raúl, 2015, "A static deterministic linear peak-load pricing model for the electricity industry: Application to the Peruvian case," Energy Economics, Elsevier, volume 50, issue C, pages 202-206, DOI: 10.1016/j.eneco.2015.05.005.
• He, Peijun & Ng, Tsan Sheng & Su, Bin, 2015, "Energy import resilience with input–output linear programming models," Energy Economics, Elsevier, volume 50, issue C, pages 215-226, DOI: 10.1016/j.eneco.2015.05.007.
• Khalili-Damghani, Kaveh & Tavana, Madjid & Santos-Arteaga, Francisco J. & Mohtasham, Sima, 2015, "A dynamic multi-stage data envelopment analysis model with application to energy consumption in the cotton industry," Energy Economics, Elsevier, volume 51, issue C, pages 320-328, DOI: 10.1016/j.eneco.2015.06.020.
• Sueyoshi, Toshiyuki & Goto, Mika, 2015, "DEA environmental assessment in time horizon: Radial approach for Malmquist index measurement on petroleum companies," Energy Economics, Elsevier, volume 51, issue C, pages 329-345, DOI: 10.1016/j.eneco.2015.07.010.
• Beltrán-Esteve, Mercedes & Picazo-Tadeo, Andrés J., 2015, "Assessing environmental performance trends in the transport industry: Eco-innovation or catching-up?," Energy Economics, Elsevier, volume 51, issue C, pages 570-580, DOI: 10.1016/j.eneco.2015.08.018.
• Dodder, Rebecca S. & Kaplan, P. Ozge & Elobeid, Amani & Tokgoz, Simla & Secchi, Silvia & Kurkalova, Lyubov A., 2015, "Impact of energy prices and cellulosic biomass supply on agriculture, energy, and the environment: An integrated modeling approach," Energy Economics, Elsevier, volume 51, issue C, pages 77-87, DOI: 10.1016/j.eneco.2015.06.008.
• Zhang, Ning & Wang, Bing, 2015, "A deterministic parametric metafrontier Luenberger indicator for measuring environmentally-sensitive productivity growth: A Korean fossil-fuel power case," Energy Economics, Elsevier, volume 51, issue C, pages 88-98, DOI: 10.1016/j.eneco.2015.06.003.
• Nabavieh, Alireza & Gholamiangonabadi, Davoud & Ahangaran, Ali Asghar, 2015, "Dynamic changes in CO2 emission performance of different types of Iranian fossil-fuel power plants," Energy Economics, Elsevier, volume 52, issue PA, pages 142-150, DOI: 10.1016/j.eneco.2015.10.006.
• Clastres, Cédric & Khalfallah, Haikel, 2015, "An analytical approach to activating demand elasticity with a demand response mechanism," Energy Economics, Elsevier, volume 52, issue PA, pages 195-206, DOI: 10.1016/j.eneco.2015.10.013.
• Hecking, Harald & Panke, Timo, 2015, "The global markets for coking coal and iron ore — Complementary goods, integrated mining companies and strategic behavior," Energy Economics, Elsevier, volume 52, issue PA, pages 26-38, DOI: 10.1016/j.eneco.2015.09.005.
• Sueyoshi, Toshiyuki & Yuan, Yan, 2015, "Comparison among U.S. industrial sectors by DEA environmental assessment: Equipped with analytical capability to handle zero or negative in production factors," Energy Economics, Elsevier, volume 52, issue PA, pages 69-86, DOI: 10.1016/j.eneco.2015.09.006.
• Sueyoshi, Toshiyuki & Goto, Mika, 2015, "Japanese fuel mix strategy after disaster of Fukushima Daiichi nuclear power plant: Lessons from international comparison among industrial nations measured by DEA environmental assessment in time horizon," Energy Economics, Elsevier, volume 52, issue PA, pages 87-103, DOI: 10.1016/j.eneco.2015.09.001.
• He, Xiaoping, 2015, "Regional differences in China's CO2 abatement cost," Energy Policy, Elsevier, volume 80, issue C, pages 145-152, DOI: 10.1016/j.enpol.2015.01.044.
• Richter, Philipp M. & Holz, Franziska, 2015, "All quiet on the eastern front? Disruption scenarios of Russian natural gas supply to Europe," Energy Policy, Elsevier, volume 80, issue C, pages 177-189, DOI: 10.1016/j.enpol.2015.01.024.
• Kim, Woo Chang & Kim, Jang Ho & Mulvey, John M. & Fabozzi, Frank J., 2015, "Focusing on the worst state for robust investing," International Review of Financial Analysis, Elsevier, volume 39, issue C, pages 19-31, DOI: 10.1016/j.irfa.2015.02.001.
• Han, Nan-Wei & Hung, Mao-Wei, 2015, "The investment management for a downside-protected equity-linked annuity under interest rate risk," Finance Research Letters, Elsevier, volume 13, issue C, pages 113-124, DOI: 10.1016/j.frl.2015.02.006.
• Xiang, Hua & Yang, Zhaojun, 2015, "Investment timing and capital structure with loan guarantees," Finance Research Letters, Elsevier, volume 13, issue C, pages 179-187, DOI: 10.1016/j.frl.2015.01.006.
• Liu, Yang & Yang, Jinqiang, 2015, "Optimal investment of private equity," Finance Research Letters, Elsevier, volume 14, issue C, pages 76-86, DOI: 10.1016/j.frl.2015.05.013.
• Angoshtari, Bahman & Bayraktar, Erhan & Young, Virginia R., 2015, "Minimizing the expected lifetime spent in drawdown under proportional consumption," Finance Research Letters, Elsevier, volume 15, issue C, pages 106-114, DOI: 10.1016/j.frl.2015.08.010.
• Fengler, Matthias R. & Hin, Lin-Yee, 2015, "A simple and general approach to fitting the discount curve under no-arbitrage constraints," Finance Research Letters, Elsevier, volume 15, issue C, pages 78-84, DOI: 10.1016/j.frl.2015.08.006.
• Gao, Tianjiao & Gupta, Aparna & Gulpinar, Nalan & Zhu, Yun, 2015, "Optimal hedging strategy for risk management on a network," Journal of Financial Stability, Elsevier, volume 16, issue C, pages 31-44, DOI: 10.1016/j.jfs.2014.10.005.
• Ezzati, Sattar & Najafi, Akbar & Yaghini, Masoud & Hashemi, Amir Ala & Bettinger, Pete, 2015, "An optimization model to solve skidding problem in steep slope terrain," Journal of Forest Economics, Elsevier, volume 21, issue 4, pages 250-268, DOI: 10.1016/j.jfe.2015.10.001.
• Zheng, Mingli & Wang, Chong & Li, Chaozheng, 2015, "Optimal nonlinear pricing by a monopolist with information ambiguity," International Journal of Industrial Organization, Elsevier, volume 40, issue C, pages 60-66, DOI: 10.1016/j.ijindorg.2015.03.008.
• He, Lin & Liang, Zongxia, 2015, "Optimal assets allocation and benefit outgo policies of DC pension plan with compulsory conversion claims," Insurance: Mathematics and Economics, Elsevier, volume 61, issue C, pages 227-234, DOI: 10.1016/j.insmatheco.2015.01.006.
• Guan, Guohui & Liang, Zongxia, 2015, "Mean–variance efficiency of DC pension plan under stochastic interest rate and mean-reverting returns," Insurance: Mathematics and Economics, Elsevier, volume 61, issue C, pages 99-109, DOI: 10.1016/j.insmatheco.2014.12.006.
• Liang, Zongxia & Ma, Ming, 2015, "Optimal dynamic asset allocation of pension fund in mortality and salary risks framework," Insurance: Mathematics and Economics, Elsevier, volume 64, issue C, pages 151-161, DOI: 10.1016/j.insmatheco.2015.05.008.
• Butt, Adam & Khemka, Gaurav, 2015, "The effect of objective formulation on retirement decision making," Insurance: Mathematics and Economics, Elsevier, volume 64, issue C, pages 385-395, DOI: 10.1016/j.insmatheco.2015.07.004.
• Liang, Zongxia & Song, Min, 2015, "Time-consistent reinsurance and investment strategies for mean–variance insurer under partial information," Insurance: Mathematics and Economics, Elsevier, volume 65, issue C, pages 66-76, DOI: 10.1016/j.insmatheco.2015.08.008.
• Vicente, L.A.B.G. & Cerezetti, F.V. & De Faria, S.R. & Iwashita, T. & Pereira, O.R., 2015, "Managing risk in multi-asset class, multimarket central counterparties: The CORE approach," Journal of Banking & Finance, Elsevier, volume 51, issue C, pages 119-130, DOI: 10.1016/j.jbankfin.2014.08.016.
• Longarela, Iñaki R. & Mayoral, Silvia, 2015, "Quote inefficiency in options markets," Journal of Banking & Finance, Elsevier, volume 55, issue C, pages 23-36, DOI: 10.1016/j.jbankfin.2014.11.003.
• Jang, Bong-Gyu & Kim, Kyeong Tae, 2015, "Optimal reinsurance and asset allocation under regime switching," Journal of Banking & Finance, Elsevier, volume 56, issue C, pages 37-47, DOI: 10.1016/j.jbankfin.2015.03.002.
• Delgado, Francisco & Dumas, Bernard & Puopolo, Giovanni W., 2015, "Hysteresis bands on returns, holding period and transaction costs," Journal of Banking & Finance, Elsevier, volume 57, issue C, pages 86-100, DOI: 10.1016/j.jbankfin.2014.12.015.
• Bessler, Wolfgang & Wolff, Dominik, 2015, "Do commodities add value in multi-asset portfolios? An out-of-sample analysis for different investment strategies," Journal of Banking & Finance, Elsevier, volume 60, issue C, pages 1-20, DOI: 10.1016/j.jbankfin.2015.06.021.
• Caulkins, Jonathan P. & Feichtinger, Gustav & Grass, Dieter & Hartl, Richard F. & Kort, Peter M. & Seidl, Andrea, 2015, "Capital stock management during a recession that freezes credit markets," Journal of Economic Behavior & Organization, Elsevier, volume 116, issue C, pages 1-14, DOI: 10.1016/j.jebo.2015.02.023.
• Ekeland, Ivar & Karp, Larry & Sumaila, Rashid, 2015, "Equilibrium resource management with altruistic overlapping generations," Journal of Environmental Economics and Management, Elsevier, volume 70, issue C, pages 1-16, DOI: 10.1016/j.jeem.2014.12.001.
• Nkuiya, Bruno, 2015, "Transboundary pollution game with potential shift in damages," Journal of Environmental Economics and Management, Elsevier, volume 72, issue C, pages 1-14, DOI: 10.1016/j.jeem.2015.04.001.
• Weng, Xi, 2015, "Dynamic pricing in the presence of individual learning," Journal of Economic Theory, Elsevier, volume 155, issue C, pages 262-299, DOI: 10.1016/j.jet.2014.11.016.
• Fabbri, Giorgio & Faggian, Silvia & Freni, Giuseppe, 2015, "On the Mitra–Wan forest management problem in continuous time," Journal of Economic Theory, Elsevier, volume 157, issue C, pages 1001-1040, DOI: 10.1016/j.jet.2015.03.004.
• Lagziel, David & Lehrer, Ehud, 2015, "Approachability with delayed information," Journal of Economic Theory, Elsevier, volume 157, issue C, pages 425-444, DOI: 10.1016/j.jet.2015.01.010.
• Schottmüller, Christoph, 2015, "Adverse selection without single crossing: Monotone solutions," Journal of Economic Theory, Elsevier, volume 158, issue PA, pages 127-164, DOI: 10.1016/j.jet.2015.04.002.
• Anderson, Axel, 2015, "A dynamic generalization of Becker's assortative matching result," Journal of Economic Theory, Elsevier, volume 159, issue PA, pages 290-310, DOI: 10.1016/j.jet.2015.06.002.
• Strulovici, Bruno & Szydlowski, Martin, 2015, "On the smoothness of value functions and the existence of optimal strategies in diffusion models," Journal of Economic Theory, Elsevier, volume 159, issue PB, pages 1016-1055, DOI: 10.1016/j.jet.2015.03.015.
• Kruse, Thomas & Strack, Philipp, 2015, "Optimal stopping with private information," Journal of Economic Theory, Elsevier, volume 159, issue PB, pages 702-727, DOI: 10.1016/j.jet.2015.03.001.
• Miao, Jianjun & Zhang, Yuzhe, 2015, "A duality approach to continuous-time contracting problems with limited commitment," Journal of Economic Theory, Elsevier, volume 159, issue PB, pages 929-988, DOI: 10.1016/j.jet.2014.10.005.
• Williams, Noah, 2015, "A solvable continuous time dynamic principal–agent model," Journal of Economic Theory, Elsevier, volume 159, issue PB, pages 989-1015, DOI: 10.1016/j.jet.2015.07.006.
• Eeckhout, Jan & Weng, Xi, 2015, "Common value experimentation," Journal of Economic Theory, Elsevier, volume 160, issue C, pages 317-339, DOI: 10.1016/j.jet.2015.10.002.
• Schneider, Paul, 2015, "Generalized risk premia," Journal of Financial Economics, Elsevier, volume 116, issue 3, pages 487-504, DOI: 10.1016/j.jfineco.2015.03.003.
• Ruiz-Villaverde, Alberto & Picazo-Tadeo, Andrés J. & González-Gómez, Francisco, 2015, "The ‘social choice’ of privatising urban water services: A case study of Madrid in Spain," Journal of Policy Modeling, Elsevier, volume 37, issue 4, pages 616-629, DOI: 10.1016/j.jpolmod.2015.04.005.
• Huang, Weihong & Chen, Zhenxi, 2015, "Heterogeneous agents in multi-markets: A coupled map lattices approach," Mathematics and Computers in Simulation (MATCOM), Elsevier, volume 108, issue C, pages 3-15, DOI: 10.1016/j.matcom.2013.10.004.
• Borissov, Kirill & Dubey, Ram Sewak, 2015, "A characterization of Ramsey equilibrium in a model with limited borrowing," Journal of Mathematical Economics, Elsevier, volume 56, issue C, pages 67-78, DOI: 10.1016/j.jmateco.2014.12.004.
• Becker, Robert A. & Borissov, Kirill & Dubey, Ram Sewak, 2015, "Ramsey equilibrium with liberal borrowing," Journal of Mathematical Economics, Elsevier, volume 61, issue C, pages 296-304, DOI: 10.1016/j.jmateco.2015.09.009.
• Brams, Steven & Potthoff, Richard, 2015, "The Paradox of Grading Systems," MPRA Paper, University Library of Munich, Germany, number 63268, Mar.
• Dvoskin, Ariel & Fratini, Saverio M., 2015, "On the Samuelson-Etula Master Function and Marginal Productivity: some old and new critical remarks," MPRA Paper, University Library of Munich, Germany, number 63415, Apr.
• Khan, Wajid & Sun, Shaorong & Khan, Ikramullah, 2015, "Sustainable Institutions or Sustainable Poverty Targeting: The Case of Microfinance," MPRA Paper, University Library of Munich, Germany, number 63587, Apr.
• Vidakovic, Neven, 2015, "Bank’s choice of loan portfolio under high regulation – example of Croatia," MPRA Paper, University Library of Munich, Germany, number 63929, Mar.
• Aldanondo, Ana M. & Casasnovas, Valero L., 2015, "More is better than one: the impact of different numbers of input aggregators in technical efficiency estimation," MPRA Paper, University Library of Munich, Germany, number 64120, Apr.
• Arango Sánchez, Efraín, 2015, "Efectos Sustitución y Renta en el caso de preferencias específicas
  [Substitution and Income Effects in the case of specific preferences]," MPRA Paper, University Library of Munich, Germany, number 64189, Feb.
• Shin, Inyong, 2015, "Could pension system make us happier?," MPRA Paper, University Library of Munich, Germany, number 65116, Jun.
• Dominique, C-Rene, 2015, "How Market Economies Come to Live and Grow on the Edge of Chaos," MPRA Paper, University Library of Munich, Germany, number 65945, Aug.
• Chattopadhyay, Siddhartha & Agrawal, Manasi, 2015, "An Algorithm for Solving Simple Sticky Information New Keynesian DSGE Model," MPRA Paper, University Library of Munich, Germany, number 66074, Apr.
• Okitonyumbe Y.F., Joseph & Ulungu, Berthold E.-L. & Kapiamba Nt., Joel, 2015, "Cobweb Heuristic for solving Multi-Objective Vehicle Routing Problem," MPRA Paper, University Library of Munich, Germany, number 66121, Jul.
• Okitonyumbe Y.F., Joseph & Ulungu, Berthold E.-L. & Kapiamba Nt., Joel, 2015, "Adaptation de l’heuristique de Clarke & Wright au contexte multi-objectif grâce a la méthode du repère préférentiel de dominance
  [Adaptation of Clarke & Wright heuristic in multi-objective context thanks to dominance preferential mark method]," MPRA Paper, University Library of Munich, Germany, number 66173, Oct.
• Sahoo, Biresh & Singh, Ramadhar & Mishra, Bineet & Sankaran, Krithiga, 2015, "Research Productivity in Management Schools of India: A Directional Benefit-of-Doubt Model Analysis," MPRA Paper, University Library of Munich, Germany, number 67046, May.
• Ceparano, Maria Carmela & Quartieri, Federico, 2015, "Nash equilibrium uniqueness in nice games with isotone best replies," MPRA Paper, University Library of Munich, Germany, number 67080, Oct.
• Heinrich, Torsten, 2015, "A Replicator Dynamic and Simulation Analysis of Network Externalities and Compatibility Among Standards," MPRA Paper, University Library of Munich, Germany, number 67198, Oct.
• Ceparano, Maria Carmela & Quartieri, Federico, 2015, "Nash equilibrium uniqueness in nice games with isotone best replies," MPRA Paper, University Library of Munich, Germany, number 67765, Oct.
• Halkos, George & Papageorgiou, George, 2015, "Dynamical methods in Environmental and Resource Economics," MPRA Paper, University Library of Munich, Germany, number 67845, Oct.
• Heinrich, Torsten & Gräbner, Claudius, 2015, "Beyond Equilibrium: Revisiting Two-Sided Markets from an Agent-Based Modeling Perspective," MPRA Paper, University Library of Munich, Germany, number 67860, Nov.
• Halkos, George & Psarianos, Iacovos, 2015, "The effect of including the environment in the neoclassical growth model," MPRA Paper, University Library of Munich, Germany, number 68050, Nov.
• Diallo, Ibrahima Amadou, 2015, "On the link between real exchange rate misalignment and growth: theory and empirical evidence," MPRA Paper, University Library of Munich, Germany, number 68064, Nov.
• Ibanez, Francisco, 2015, "Calibrating the Dynamic Nelson-Siegel Model: A Practitioner Approach," MPRA Paper, University Library of Munich, Germany, number 68377, Dec.
• Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015, "Quantum strategy creation by interlocking interconnecting directors in boards of directors in modern organizations at time of globalization," MPRA Paper, University Library of Munich, Germany, number 68404, Dec.
• KACI, Said & ACHOUCHE, Mohamed, 2015, "Dépenses publiques et croissance économique en Algérie: approche par un modèle de contrôle optimal
  [Public expenditure and economic growth in Algeria: approach by optimal control model]," MPRA Paper, University Library of Munich, Germany, number 68499, Dec.
• KIKOMBA KAHUNGU, Michaël & OKITONYUMBE Y.F, Joseph & MABELA MAKENGO MATENDO, Rostin & NKUSU NDONGALA, Alexandre & M. NGOIE, Ruffin-Benoît & MAKENGO MBAMBALU, Fréderic, 2015, "Simultaneous optimization: sectorization and congolese air traffic assignment by the method of preferential reference of dominance," MPRA Paper, University Library of Munich, Germany, number 68562, Sep, revised Nov 2015.
• Ceparano, Maria Carmela & Quartieri, Federico, 2015, "Nash equilibrium uniqueness in nice games with isotone best replies," MPRA Paper, University Library of Munich, Germany, number 69010, Oct, revised 24 Jan 2016.
• Vlad, Mihaela Cristina & Nitu, Mihaela, 2015, "Designing a mathematical model to optimize the size activities in the production plan for SC RENTEA SRL," MPRA Paper, University Library of Munich, Germany, number 69380, Nov.
• Surca, Daniela - Elena, 2015, "The necessity of drawing up the annual production plan and the importance of establishment crop structure for next agricultural year," MPRA Paper, University Library of Munich, Germany, number 69382, Nov.
• Kayis-Kumar, Ann, 2015, "Taxing cross-border intercompany transactions: are financing activities fungible?," MPRA Paper, University Library of Munich, Germany, number 71615, Jul.
• Osti, Davide, 2015, "An open economy New-Keynesian model of government spending across U.S. regions," MPRA Paper, University Library of Munich, Germany, number 79895, Feb.
• Iancu, Bogdan & Zamfiroiu, Alin, 2015, "Automating the Process of Traffic Orientation Through Mobile Devices and Ontologies," MPRA Paper, University Library of Munich, Germany, number 97728, Jul, revised 2015.
• Philipp Galkin & Frederic Murphy & Axel Pierru & Bertrand Rioux, 2015, "Economic Impacts of Debottlenecking Congestion in the Chinese Coal Supply Chain," Discussion Papers, King Abdullah Petroleum Studies and Research Center, number ks-1523-dp017a, Sep.
• Tomas Baležentis, 2015, "The Sources of the Total Factor Productivity Growth in Lithuanian Family Farms: A Färe-Primont Index Approach," Prague Economic Papers, Prague University of Economics and Business, volume 2015, issue 2, pages 225-241, DOI: 10.18267/j.pep.510.
• Jiří Šumbera & Martin Dlouhý, 2015, "A Model of German Spot Power Market," Prague Economic Papers, Prague University of Economics and Business, volume 2015, issue 3, pages 287-306, DOI: 10.18267/j.pep.520.
• Rita Nayely Silvestre Ramírez & Félix Chamú Nicanor, 2015, "Eficiencia técnica y cambio tecnológico de las unidades académicas de la Universidad Michoacana a través del índice Malmquist," Economia y Sociedad., Universidad Michoacana de San Nicolas de Hidalgo, Facultad de Economia, issue 33, pages 17-35, Julio-Dic.
• Alain Carpentier & Alexandre Gohin, 2015, "On the economic theory of crop rotations: value of the crop rotation effects and implications on acreage choice modeling," Working Papers SMART, INRAE UMR SMART, number 15-04.
• Éric Jondeau & Michael Rockinger, 2015, "Long-term Portfolio Allocation Based on Long-term Macro forecasts," Bankers, Markets & Investors, ESKA Publishing, issue 134, pages 62-69, January-F.
• Seonghoon Cho, 2015, "Online Appendix to "Sufficient Conditions for Determinacy in a Class of Markov-Switching Rational Expectations Models"," Online Appendices, Review of Economic Dynamics, number 14-34.
• Seonghoon Cho, 2015, "Code and data files for "Sufficient Conditions for Determinacy in a Class of Markov-Switching Rational Expectations Models"," Computer Codes, Review of Economic Dynamics, number 14-34, revised .
• Viktor Tsyrennikov & Serguei Maliar & Lilia Maliar & Cristina Arellano, 2015, "Envelope Condition Method with an Application to Default Risk Models," 2015 Meeting Papers, Society for Economic Dynamics, number 1239.
• Jan Werner & Ramon Marimon, 2015, "Envelope Theorem, Euler, and Bellman Equations without Differentiability," 2015 Meeting Papers, Society for Economic Dynamics, number 1415.