This paper analyses whether the first-best level of public inputs exceeds the second-best level. On the basis of a simple model, we argue that the level of productivity-enhancing public expenditures ...

Researchers in Hungary have developed a model to calculate the optimal PV and battery storage balance to support the European grid in the next few years. They found that the cost-optimal range is at ...

Abstract: The purpose of this work is the computation of optimal input signals for output tracking of a dynamic system, where knowledge of the dynamic system is only given in the form of step response ...

This paper extends the framework derived by Jeanne and Rancière (2006) by explicitly incorporating the dollarization of bank deposits into the analysis of the optimal level of foreign reserves for ...

Blocking is commonly used in design of experiments to reduce systematic variation and increase precision of effect estimation. For 2 n-k designs in 2 p blocks, others have studied the confounding ...

Abstract: Prescribed performance control has emerged as an effective approach to address the user-specified requirements of steady-state accuracy and settling time in control systems. However, in ...