Economic and environmental efficiency in Europe: Evidence from a new stochastic frontier model [PDF]
This study aims to evaluate the resource and environment efficiency problem of European countries. We specify a new stochastic frontier model where Gross Domestic Product (GDP) is considered as the desirable output and Greenhouse Gases (GHG) emissions as the undesirable output. Capital, Labour, Fossil fuels and Renewable Energy consumption are regarded
Alves, Margarita +2 more
openaire +2 more sources
The excess volatility puzzle explained by financial noise amplification from endogenous feedbacks
The arguably most important paradox of financial economics—the excess volatility puzzle—first identified by Robert Shiller in 1981 states that asset prices fluctuate much more than information about their fundamental value.
Alexander Wehrli, Didier Sornette
doaj +1 more source
IMPROVEMENT OF STOCHASTIC MODELLING SKILLS FOR A SUSTAINABLE EDUCATION IN ENGINEERING [PDF]
Deterministic and stochastic models play an important role in engineering, economics, and the natural sciences. Despite this, the development of stochastic modelling skills in engineering students is less emphasized, and this part of modelling knowledge ...
D. SIPOS, C. BENDEA, I. KOCSIS
doaj
Economic Analysis of Agricultural Investments [PDF]
The purpose of this paper is to introduce a modification of a standardfour input production process where energy is used in an inefficient way due topartly unnecessary waste of energy.
Adrian ZUGRAVU, Liliana Mihaela MOGA
doaj
Projections of bipartite or two-mode networks capture co-occurrences, and are used in diverse fields (e.g., ecology, economics, bibliometrics, politics) to represent unipartite networks.
Zachary P. Neal +2 more
doaj +1 more source
Interacting Large Language Model Agents. Bayesian Social Learning Based Interpretable Models
This paper discusses the theory and algorithms for interacting large language model agents (LLMAs) using methods from statistical signal processing and microeconomics.
Adit Jain, Vikram Krishnamurthy
doaj +1 more source
Theoretical and Analytical Approach of Financial Stability: Islamic Perspective [PDF]
This paper theoretically investigates financial stability and assesses the impacts of central bank policies on the banking system. The Islamic finance system has empirically shown relative stability to the waves of the 2007-2008 international financial ...
Hassan Belkacem Ghassan +1 more
doaj +1 more source
Estimation of simultaneous equation models by backpropagation method using stochastic gradient descent [PDF]
Simultaneous equation model (SEM) is an econometric technique traditionally used in economics but with many applications in other sciences. This model allows the bidirectional relationship between variables and a simultaneous relationship between the ...
Belén Pérez-Sánchez +3 more
doaj +2 more sources
On one-dimensional stochastic control problems: applications to investment models [PDF]
The paper provides a systematic way for finding a partial differential equation that characterize directly the optimal control, in the framework of one?dimensional stochastic control problems of Mayer, with no constraints on the controls.
Josa-Fombellida, Ricardo +1 more
core +1 more source
No Arbitrage in Continuous Financial Markets
We derive integral tests for the existence and absence of arbitrage in a financial market with one risky asset which is either modeled as stochastic exponential of an Ito process or a positive diffusion with Markov switching.
Criens, David
core +1 more source

