Periodic and chaotic programs of intertemporal optimization models with non-concave net benefit function

Article Abstract:

An approach was developed to resolve the inverse optimal problem present in the reduced and in the primitive form models. The approach, which ensures the attainment of required qualitative properties in both models, was proven effective in producing optimal policy when applied to a popular advertising model. It created an optimal advertising policy that features topological and ergodic chaos.

Research and Development in the Physical, Engineering, and Life Sciences, Economics, Research and Development in the Social Sciences and Humanities, Mathematics, Research, Chaos theory, Chaotic systems, Dynamic programming, Mathematical optimization, Optimization theory

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Spillover effects and the evolution of firm clusters

Article Abstract:

The main reasons for clustering include cost reducing externalities due to technological as well as intellectual spillovers from similar companies. The entry and exit decision of the firms is made on the basis of information about profitability collected through direct communication within the group.

Evaluation, Externalities (Economics), Market positioning, Cluster set theory

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Incentive and incarceration effects in a general equilibrium model of crime

Article Abstract:

An equilibrium model is used to analyze impact of crime control parameters on criminal behavior .

Methods, Crime prevention, Criminal behavior, Criminal behaviour

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