Results 191 to 200 of about 1,311 (253)

Robust Mean–Variance Portfolio Optimization: Mean–Variance–Variance Criterion Versus Mean–Variance–Standard Deviation Criterion

open access: yesMathematical Finance, EarlyView.
ABSTRACT We study a dynamic portfolio optimization problem under the mean–variance–variance (M‐V‐V) criterion proposed by Maccheroni et al. It is an analogue of the Arrow–Pratt approximation to the well‐known smooth ambiguity model. Under the standard Black–Scholes framework, we derive fully explicit equilibrium investment strategies in which a DM's ...
David Landriault, Bin Li, Yuanyuan Zhang
wiley   +1 more source

Dam Management in the Era of Climate Change

open access: yesMathematical Finance, EarlyView.
ABSTRACT Climate change has a dramatic impact, particularly by concentrating rainfall into a few short periods, interspersed with long dry spells. In this context, the role of dams is crucial. We consider the optimal control of a dam, where the water level must neither exceed a designated safety threshold nor fall below a minimum level to ensure ...
Cristina Di Girolami   +3 more
wiley   +1 more source

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

open access: yesMetroeconomica, EarlyView.
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley   +1 more source

Using Local Expert Knowledge to Measure Prices: Evidence From a Survey Experiment in Vietnam

open access: yesReview of Development Economics, EarlyView.
ABSTRACT Many countries lack spatially disaggregated consumer price data needed to estimate real inequality and spatial patterns of poverty. Such data are especially absent in poor countries where weak infrastructure and high transport costs create large price variation over space.
John Gibson, Trinh Le
wiley   +1 more source

The 3‐sparsity of Xn−1$X^n-1$ over finite fields of characteristic 2

open access: yesTransactions of the London Mathematical Society, Volume 13, Issue 1, December 2026.
Abstract Let q$q$ be a prime power and Fq$\mathbb {F}_q$ the finite field with q$q$ elements. For a positive integer n$n$, the polynomial Xn−1∈Fq[X]$X^n - 1 \in \mathbb {F}_q[X]$ is termed 3‐sparse over Fq$\mathbb {F}_q$ if all its irreducible factors in Fq[X]$\mathbb {F}_q[X]$ are either binomials or trinomials.
Kaimin Cheng
wiley   +1 more source

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