When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley +1 more source
Multi-objective route optimization for electric vehicle hazardous materials transportation in uncertain environments. [PDF]
Zhang Q, Zhang Z, Ma C.
europepmc +1 more source
Dynamics of High‐Growth Young Firms and the Role of Venture Capitalists
ABSTRACT Motivated by the substantial growth and upfront investments of venture capital (VC)‐backed firms observed in administrative US Census data, this study develops a life‐cycle firm dynamics model. In the model, startups choose the source of financing from VC, angel investors, or banks, depending on their growth potential, and invest in innovation.
Yoshiki Ando
wiley +1 more source
Deep Q-Managed: a new framework for multi-objective deep reinforcement learning. [PDF]
Menezes R +3 more
europepmc +1 more source
ABSTRACT Artificial intelligence (AI) brings great potential for manufacturers, but clashes with the established culture due to the unexplainable and opaque nature of the solutions it provides. Having little experience in AI and machine learning (ML), most manufacturing leaders experience barriers implementing AI.
Benjamin van Giffen +5 more
wiley +1 more source
Adaptive Policy Switching for Multi-Agent ASVs in Multi-Objective Aquatic Cleaning Environments. [PDF]
Seck D +4 more
europepmc +1 more source
A new family of models with generalized orientation in data envelopment analysis
Abstract In the framework of data envelopment analysis, we review directional models and show that they are inadequate when inputs and outputs are improved simultaneously under constant returns to scale. Conversely, we introduce a new family of quadratically constrained models with generalized orientation and demonstrate that these models overcome this
Vicente J. Bolós +2 more
wiley +1 more source
Parameter sensitivity analysis and structural optimization of PLC construction method pile cofferdam based on RSM. [PDF]
Tian Z, Dai Y, Wang S, Zhang W.
europepmc +1 more source
Abstract In response to the increasing complexity of modern products, dynamic markets, and intensified competition, project‐based organizations are actively seeking methodologies to efficiently manage their expanding project portfolios. This paper analyzes the project portfolio selection problem in uncertain environments. Despite recent advances in the
Miguel Saiz +3 more
wiley +1 more source
Explainable automl and multi-objective optimization for sustainable high-performance geopolymer concrete. [PDF]
Wu S, Liu X, Fu B.
europepmc +1 more source

