Results 171 to 180 of about 44,584 (264)

A formulation and a metaheuristic approach for the clustered vehicle routing problem with d‐relaxed priority rule

open access: yesInternational Transactions in Operational Research, EarlyView.
Abstract This paper investigates an extension of the vehicle routing problem in which, in addition to minimizing the distance traveled, the sequencing of customer visits is subject to precedence constraints that impose visiting priorities among customers.
Eduardo dos Santos Teixeira   +1 more
wiley   +1 more source

Quantum Speedups for Multiproposal MCMC. [PDF]

open access: yesBayesian Anal
Lin CY   +5 more
europepmc   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN   +2 more
wiley   +1 more source

Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We study the role of asset revaluation in the monetary transmission mechanism. We build an analytical heterogeneous‐agents model with two main ingredients: (i) rare disasters and (ii) heterogeneous beliefs. The model captures time‐varying risk premia and precautionary savings in a setting that nests the textbook New Keynesian model.
NICOLAS CARAMP, DEJANIR H. SILVA
wiley   +1 more source

Ethnic Conflicts, Civil War, and Economic Growth: Region‐Level Evidence From Former Yugoslavia

open access: yesJournal of Regional Science, EarlyView.
ABSTRACT This paper studies the long‐term effects of the Yugoslav civil war (1987–1995) on subnational economic growth across 78 regions in five former Yugoslav republics from 1950 to 2015. We construct counterfactual growth trajectories using a robust region‐level donor pool from 32 conflict‐free countries.
Aleksandar Kešeljević   +2 more
wiley   +1 more source

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