Rolling planning: optimality and decentralization

Article Abstract:

Rolling planning entails the continual revision of dynamic programs where the finite horizon N found ahead at the time of each revision remains constant. The rolling plan is perceived as a realization of an evolutionary mechanism of intertemporal decentralization since the decisions made about resource allocation are carried out without verification by future agents. The possibility of designing an evolutionary mechanism is established for a multi-sector Ramsey model.

Resource allocation, Decentralization (Management), Central planning

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Spanning Pareto Optimality, and the Mean Variance Model

Article Abstract:

Substantiation is obtained for the theory that firm specific risks do not prevent the attainment of Pareto Optimality because of their existence. This is contrary to generally accepted theory. Within the mean-variance framework a competitive investment theory can accommodate firm specific risks.

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Can I say "bobobo" and mean "There's no such thing as cheap talk"?

Article Abstract:

The viability of cheap talk as linguistic model is examined.

United States, Models, Language and languages, Linguistics

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