38 sessions, 106 papers

11th Workshop on Optimal Control, Dynamic Games and Nonlinear Dynamics
Complete List of All Sessions

  

Session 1: Global warming
Session Chair: Vladimir Veliov, Vienna University of Technology
Session type: contributed
Date: May 31, 2010
Time: 11:45 - 13:00
Self-enforced Cooperation in Earth Observations
Presented by: Alexey Smirnov, Moscow State University
Growth and climate change: Threshold and multiple equilibria
[slides]
Presented by: Willi Semmler, New School for Social Research
Economy, model predictive control and the issue of global warming
Presented by: Vladimir Veliov, Vienna University of Technology

  

Session 2: Stochastic Control
Session Chair: Juan Pablo Rincón Zapatero, Universidad Carlos III de Madrid
Session type: contributed
Date: May 31, 2010
Time: 11:45 - 13:00
Optimal Macroeconomic Policies under Uncertainty: An Application of Stochastic Control Theory to Slovenia
JEL codes: C51; C61; C87
Presented by: Reinhard Neck, Klagenfurt University
Production Flexibility and Investment under Uncertainty
Presented by: Verena Hagspiel, Tilburg University, CentER
Euler equations of stochastic differential games
Presented by: Juan Pablo Rincón Zapatero, Universidad Carlos III de Madrid

  

Session 3: Pricing and Production 1
Session Chair: Eugene Khmelnitsky, Tel Aviv University
Session type: contributed
Date: May 31, 2010
Time: 11:45 - 13:00
A Comparative Analysis of Off-Line and On-line Production Control
JEL codes: M11, C61
Presented by: Konstantin Kogan, Bar-Ilan University
Optimal Control of a Production-Inventory System with both Backorders and Lost Sales
Presented by: MOHSEN ELHAFSI, UNIVERSITY OF CALIFORNIA
A stochastic optimal control policy for a production-inventory system with backlog-dependent lost sales
Presented by: Eugene Khmelnitsky, Tel Aviv University

  

Session 4: Financial markets 1
Session Chair: Jan Wenzelburger, Keele University
Session type: contributed
Date: May 31, 2010
Time: 11:45 - 13:00
The Market Impact of Boundedly Rational Traders
JEL codes: C61, G11, G12
Presented by: Min Zheng, University of Technology Sydney
The Impact of Short-Selling Constraints on Financial Market Stability in a Model with Heterogeneous Agents
Presented by: Mikhail Anufriev, University of Amsterdam
On endgenous option prices in a dynamic CAPM
Presented by: Jan Wenzelburger, Keele University

  

Session 5: Emissions
Session Chair: Marco Barassi, University of Birmingham
Session type: contributed
Date: May 31, 2010
Time: 14:00 - 15:15
Pollution and environmental absorption capacity over time
JEL codes: Q56
Presented by: Fouad El Ourdighi,
On the sustainability of collusion and the feedback effect in a polluting dynamic oligopoly
Presented by: Amrita Ray Chaudhuri, Tilburg University
Exploring the linkages between GDP growth and CO2 emissions: a non-linear analysis
Presented by: Marco Barassi, University of Birmingham

  

Session 6: Macroeconomics 1
Session Chair: Cagri Saglam, Bilkent University
Session type: contributed
Date: May 31, 2010
Time: 14:00 - 15:15
Taylor rules and endogenous cyces in sticky price open economies
JEL codes: E31, E32, E52,
Presented by: Marco Airaudo, Drexel University, LeBow College of Busi
A Discrete Monetary Policy Framework: an Application to the Japanese Case
Presented by: Jean Barthelemy, Banque de France
Endogenous Time Preference and Strategic Growth
Presented by: Cagri Saglam, Bilkent University

  

Session 7: Organisational structure
Session Chair: Michael Kopel, University of Graz
Session type: contributed
Date: May 31, 2010
Time: 14:00 - 15:15
A Differential Game Model of the Marketing-Operations Interface
JEL codes: C72,C73,M11,M31
Presented by: Gary Erickson, University of Washington
Open- and Closed-Loop Supply Chain Dynamics: Specification and Exploration of an Agent-Based Model
Presented by: Christopher Ruebeck, Lafayette College
Organizational governance, leadership, and the influence of competition
Presented by: Michael Kopel, University of Graz

  

Session 8: Bounded Rationality
Session Chair: James Costain, Bank of Spain
Session type: contributed
Date: May 31, 2010
Time: 14:00 - 15:15
Microfoundation of conformism in a reduced form model of social interaction
JEL codes: D71 - D81 - C62
Presented by: Marco Tolotti, University Ca' Foscari Venice
Coevolutionary dynamics in finite populations: From microscopic processes to macroscopic equations
Presented by: Jens Christian Claussen, University Luebeck
Precautionary price stickiness
Presented by: James Costain, Bank of Spain

  

Session 9: Cobweb dynamics and market entry
Session Chair: Jan Tuinstra, University of Amsterdam
Session type: contributed
Date: May 31, 2010
Time: 15:45 - 17:00
Chaos in the Cobweb Model with a New Learning Dynamic
JEL codes: C62,
Presented by: George Waters, Illinois State University
Market Entry Sequencing in Emerging, Stochastically Growing Markets
Presented by: Benoit Chevalier-Roignant, WHU - Otto Beisheim School of Management
Positive welfare effects of barriers to entry in a dynamic equilibrium model
Presented by: Jan Tuinstra, University of Amsterdam

  

Session 10: Methodology and Evolution
Session Chair: Reinoud Joosten, University of Twente
Session type: contributed
Date: May 31, 2010
Time: 15:45 - 17:00
On the Foundations of Mathematical Economics
Presented by: Barkley Rosser, James Madison University
Evolution in Iterated Prisoner's Dilemma Game under Logit Dynamics
Presented by: Marius-Ionut Ochea, University of Amsterdam
Paul Samuelson's critique and equilibrium concepts in evolutionary game theory
Presented by: Reinoud Joosten, University of Twente

  

Session 11: Environment and cooperation
Session Chair: jacob engwerda, Tilburg University
Session type: contributed
Date: May 31, 2010
Time: 15:45 - 17:00
Strategic interactions and heterogeneity in a overlapping generations model with negative environmental externalities
JEL codes: E32, Q32
Presented by: mauro sodini, facoltà economia pisa
Necessary and sufficient conditions for Pareto optimality in differential games
Presented by: jacob engwerda, Tilburg University

  

Session 12: Economic Modelling 1
Session Chair: Luca Gori, University of Pisa
Session type: contributed
Date: May 31, 2010
Time: 15:45 - 17:00
Endogenous income taxes in OLG economies
JEL codes: C62, E32
Presented by: Yan Zhang, Shanghai Jiaotong University
A 3-Regions new economic geography model in discrete time
Presented by: Ingrid Kubin, WU
Fertility-related pensions and cyclical instability
Presented by: Luca Gori, University of Pisa

  

Session 13: Optimal Control Theory
Session Chair: Sabine Pickenhain, Brandenburg University of Technology
Session type: contributed
Date: June 1, 2010
Time: 8:45 - 10:00
Applying the Leitmann-Stalford Sufficient Conditions to Maximization Control Problems with Non-Concave Hamiltonian
Presented by: Andreas Novak, University of Vienna
A problem with non-homogeneous discounting: a dynamic programming equation and an economic application
Presented by: Jesus Marin-Solano, Universitat de Barcelona
On infinite horizon optimal control problems of Lotka-Volterra type
Presented by: Sabine Pickenhain, Brandenburg University of Technology

  

Session 14: Advertising
Session Chair: Suresh Sethi, University of Texas at Dallas
Session type: contributed
Date: June 1, 2010
Time: 8:45 - 10:00
Deterministic and stochastic games in events advertising
JEL codes: M37; M31; C61
Presented by: Bruno Viscolani, University of Padova
Pricing and advertising strategies in fashion markets
Presented by: Andrea Di Liddo, Università di Foggia
Cooperative advertising in a dynamic retail market duopoly
Presented by: Suresh Sethi, University of Texas at Dallas

  

Session 15: Expectations in financial markets
Session Chair: Giulio Bottazzi, Scuola Superiore Sant'Anna
Session type: contributed
Date: June 1, 2010
Time: 8:45 - 10:00
A simple model about expectations' self-fulfillment and self-destroying in financial markets
Presented by: Yan Gao, CeNDEF
Financial Bubbles in a Micro-Model with Risk-Adverse Heterogeneous Agents
Presented by: Giulio Bottazzi, Scuola Superiore Sant'Anna

  

Session 16: Pricing and Production 2
Session Chair: Gila Fruchter, Bar-Ilan University
Session type: contributed
Date: June 1, 2010
Time: 8:45 - 10:00
Pricing a Conspicuous Product in Recession Times
Presented by: Andrea Seidl, Vienna University of Technology
Dynamic Pricing of a Subscription Service
Presented by: Gila Fruchter, Bar-Ilan University

  

Session 17: Technology and the Environment
Session Chair: Cees Withagen, VU University Amsterdam
Session type: contributed
Date: June 1, 2010
Time: 11:45 - 13:00
Biodiversity Management with Lobbying and Technological Change
[slides]
JEL codes: 041, H23, F15
Presented by: Tapio Palokangas, University of Helsinki
Clean technologies in a transboundary pollution game
Presented by: Hassan Benchekroun, McGill University
Is there really a green paradox?
Presented by: Cees Withagen, VU University Amsterdam

  

Session 18: Imitation and networks
Session Chair: David Goldbaum, University of Technology Sydney
Session type: contributed
Date: June 1, 2010
Time: 11:45 - 13:00
Costly innovators versus cheap imitators: a discrete choice model
JEL codes: C62, D62, O33
Presented by: Paolo Zeppini, University of Amsterdam
Learning by Observing
Presented by: Efe Postalci, Izmir University of Economics
Follow the Leader: Steady State Analysis and Emergence in a Dynamic Social Network
Presented by: David Goldbaum, University of Technology Sydney

  

Session 19: Economic Modelling 2
Session Chair: Siu Fai Leung, Hong Kong University of Science and Technology
Session type: contributed
Date: June 1, 2010
Time: 11:45 - 13:00
Non-smooth and singular dynamics and bifurcations in a Cournot-Ramsey model
JEL codes: C62, D43, E32
Presented by: Paulo Brito, Technical University of Lisbon
Rule-based Modeling of Labor Market Dynamics
Presented by: Katja Hillmann, Hamburg University
Optimal Resource Allocation with a Continuum of Producers
Presented by: Siu Fai Leung, Hong Kong University of Science and Technology

  

Session 20: Indifference points
Session Chair: Gernot Tragler, Vienna University of Technology
Session type: contributed
Date: June 1, 2010
Time: 11:45 - 13:00
Stochastic indifference points
Presented by: Tatiana Kiseleva, University of Amsterdam
Business Cycles and Skiba Threshold Behavior adapted from an Optimal Firm’s Technology Investment Policy
Presented by: Josef Haunschmied, Vienna University of Technology
Multiple Equilibria and DNSS Curves in an Environmental Economic Growth Model
Presented by: Gernot Tragler, Vienna University of Technology

  

Session 21: Optimal Behaviour
Session Chair: James Feigenbaum, Utah State University
Session type: contributed
Date: June 1, 2010
Time: 14:00 - 15:15
Optimal Irrational Behavior in Continuous Time
JEL codes: C61
Presented by: Frank Caliendo, Utah State University
Our love was to last forever. Hence we are breaking up now.
Presented by: José-Manuel Rey, Universidad Complutense de Madrid
Is It Really Good to Annuitize?
Presented by: James Feigenbaum, Utah State University

  

Session 22: Expectations in macroeconomics
Session Chair: Cars Hommes, University of Amsterdam
Session type: contributed
Date: June 1, 2010
Time: 14:00 - 15:15
A Note on Aggregation of Heterogeneous Expectations
JEL codes: D83, D84
Presented by: Greg Koloch, National Bank of Poland
Experimenting with individual expectations and aggregate macro behavior
Presented by: Peter Heemeijer, University of Amsterdam
Individual Expectation, Limited Rationality and Aggregate Outcomes
Presented by: Te Bao, CeNDEF

  

Session 23: Tutorial: Bifurcations of optimal vector fields
Session type: tutorial
Date: June 1, 2010
Time: 14:00 - 15:15
Bifurcations of an Optimally Controlled Slow Fast Dynamics: Fishery in a Coral Reef System
Presented by: Dieter Grass, Vienna University of Technology

  

Session 24: Financial markets 2
Session Chair: Cees Diks, University of Amsterdam
Session type: contributed
Date: June 1, 2010
Time: 15:45 - 17:00
Heterogeneous Trading Strategies with Adaptive Fuzzy Actor-Critic Reinforcement Learning
JEL codes: G17; C45; C63
Presented by: Stelios Bekiros, European University Institute
How do skilled traders change the structure of the market
Presented by: Jozef Barunik, Czech Academy of Sciences
Ratio bifurcations and P-bifurcations in discrete time stochastic economic models
Presented by: Cees Diks, University of Amsterdam

  

Session 25: Learning and equilibrium
Session Chair: Leslie Fletcher,
Session type: contributed
Date: June 1, 2010
Time: 15:45 - 17:00
Stochastic consistent expectation equilibria in economic models with AR(1) noise
Presented by: Mei Zhu, University of Amsterdam
An improved Lanchester model for market share in a duopoly
Presented by: Leslie Fletcher,

  

Session 26: Tutorial: Dynamic games in the Economics and Management of Pollution
Session Chair: Florian Wagener, UvA
Session type: tutorial
Date: June 1, 2010
Time: 15:45 - 17:00
Dynamic Games in the Economics and Management of Pollution
JEL codes: C73
Presented by: Georges Zaccour, public

  

Session 27: Pricing and Production 3
Session Chair: Herbert Dawid, University of Bielefeld
Session type: contributed
Date: June 2, 2010
Time: 8:45 - 10:00
Product and Quality Innovations: An Infinitedimensional Optimal Control Approach
JEL codes: C61,O31,O32
Presented by: Anton Bondarev, IMW
The Option to Downscale Production in Recessionary Times
Presented by: Jacco Thijssen, Trinity College Dublin
Dynamic strategic interaction between incumbents with innovation options
Presented by: Herbert Dawid, University of Bielefeld

  

Session 28: Financial markets 3
Session Chair: Carl Chiarella, University of Technology Sydney
Session type: contributed
Date: June 2, 2010
Time: 8:45 - 10:00
Order aggressiveness, pre-trade transparency, and long-memory in an order-driven market
Presented by: Ryuichi Yamamoto, National Chengchi University
Information efficiency and stability in complex financial markets
Presented by: Matteo Marsili, The Abdus Salam International Centre for Theoretical Physics
Time-Varying Beta: A Boundedly Rational Equilibrium Approach
Presented by: Carl Chiarella, University of Technology Sydney

  

Session 29: Complex Systems
Session Chair: Serena Sordi, University of Siena
Session type: contributed
Date: June 2, 2010
Time: 8:45 - 10:00
Causality Along Subspaces: Theory
JEL codes: C1, C32, C61
Presented by: Majid Al-Sadoon, University of Cambridge
On the Numerical Calculation of Lyapunov Exponents
[slides]
Presented by: Anton Belyakov, Vienna University of Technology
On controlling chaos in a discrete tâtonnement process
Presented by: Serena Sordi, University of Siena

  

Session 30: Dynamic Games
Session Chair: Mitri Kitti, Helsinki School of Economics
Session type: contributed
Date: June 2, 2010
Time: 8:45 - 10:00
Repeated incomplete information game between a bread baker and a bread buyer: What strategy is optimal for each of them?
Presented by: Katerina Stankova, Delft University of Technology
Stock-Dependent Dynamic Games: with applications to the shallow lake pollution game
Presented by: Saeed Mohammadian Moghayer, Universiteit van Amsterdam
Semi-Stationary Equilibria in Dynamic Games
Presented by: Mitri Kitti, Helsinki School of Economics

  

Session 31: Harvesting
Session Chair: Gian-Italo Bischi, University of Urbino
Session type: contributed
Date: June 2, 2010
Time: 11:45 - 13:00
Crop rotation and risk-aversity: Game-theoretic approach
Presented by: Yulia Pavlova, MTT Agrifood Research Finland
Happy Harvesting?! Exploring the potential impacts of climate change on agriculture and economic growth
Presented by: Gustav Engström, Beijer Institute
Dynamic models of fisheries with alternative fishing strategy choices in discrete time
Presented by: Gian-Italo Bischi, University of Urbino

  

Session 32: Time-Structured Problems
Session Chair: Peter Kort, Tilburg University
Session type: contributed
Date: June 2, 2010
Time: 11:45 - 13:00
Optimal investment in age-structured goodwill
JEL codes: E22, M37, C61
Presented by: Silvia Faggian, Università "Ca'Foscari" di Venezia
Multi-Stage Optimization in Life-Cycle Models
Presented by: Gustav Feichtinger, Vienna University of Technology
Delays in capital accumulation models
Presented by: Peter Kort, Tilburg University

  

Session 33: Heterogeneous agent models and stylized facts of financial markets
Session Chair: Blake LeBaron, Brandeis University
Session type: contributed
Date: June 2, 2010
Time: 11:45 - 13:00
Replication of some stylized facts in a simple financial market model with heterogeneous interacting traders
Presented by: Fabio Tramontana, Università degli Studi di Urbino
Chartists and Fundamentalists in the U.S. Housing Market
Presented by: Remco Zwinkels, Erasmus University Rotterdam
Wealth Evolution and Financial Instability
Presented by: Blake LeBaron, Brandeis University

  

Session 34: Oligopoly models
Session Chair: Laura Gardini, Universita ' di Urbino
Session type: contributed
Date: June 2, 2010
Time: 11:45 - 13:00
Oligopolistic Competition in a Dynamic R&D Model with Spillovers
Presented by: Grega Smrkolj, University of Amsterdam
Generalized adaptive expectations dynamics in two-stage games
Presented by: Dennis Heitmann, Bielefeld University
New properties of the Cournot duopoly with isoelastic demand and constant unit costs
Presented by: Laura Gardini, Universita ' di Urbino

  

Session 35: Capital and the Environment
Session Chair: Guiomar Martin-Herran, Universidad de Valladolid
Session type: contributed
Date: June 2, 2010
Time: 14:00 - 15:15
Environmental policy and the macroeconomy under shallow-lake dynamics
Presented by: Ben Heijdra, University of Groningen
The road to extinction: commons with capital markets
[slides]
Presented by: Colin Rowat, University of Birmingham
Can Sustained Growth be Attained through Trading Exhaustible Resources for Foreign Research?
Presented by: Guiomar Martin-Herran, Universidad de Valladolid

  

Session 36: Macroeconomics 2
Session Chair: Alfred Greiner, Bielefeld University
Session type: contributed
Date: June 2, 2010
Time: 14:00 - 15:15
Embodied technical change and less-than-exponential regular growth
JEL codes: O30; O38; O41
Presented by: Christian Groth, University of Copenhagen
A Note on the Survival of Small Nations: A Dynamics View
Presented by: Benteng Zou, University of Luxembourg
Public debt and the dynamics of economic growth
Presented by: Alfred Greiner, Bielefeld University

  

Session 37: Heterogeneous Agent Models
Session Chair: Frank Westerhoff, University of Bamberg
Session type: contributed
Date: June 2, 2010
Time: 14:00 - 15:15
Evolutionary Selection with Memory in Cobweb Models
JEL codes: C 61; C 62.
Presented by: Ahmad Naimzada, Università degli Studi Milano - Bicocca
Limit distributions of evolving strategies in financial markets
Presented by: Corrado Di Guilmi, University of Technology, Sydney
Interactions between the real economy and the stock market
Presented by: Frank Westerhoff, University of Bamberg

   Index of Participants

Legend: C=chair, P=Presenter, D=Disscussant

Session 38: Research and Development
Session Chair: Engelbert Dockner, Vienna University of Economics and Business
Session type: contributed
Date: June 2, 2010
Time: 14:00 - 15:15
R&D Investment and Technology Adoption
Presented by: Kuno Huisman, Tilburg University
R&D collaboration networks in oligopoly competition with spillovers
Presented by: Fabio Lamantia, University of Calabria
Human Capital Investment and the Completion of Risky R&D Projects
Presented by: Engelbert Dockner, Vienna University of Economics and Business

#	Participant	Roles in Conference
1	Airaudo, Marco	P6
2	Al-Sadoon, Majid	P29
3	Anufriev, Mikhail	P4
4	Bao, Te	P22
5	Barassi, Marco	P5, C5
6	Barthelemy, Jean	P6
7	Barunik, Jozef	P24
8	Bekiros, Stelios	P24
9	Belyakov, Anton	P29
10	Benchekroun, Hassan	P17
11	Bischi, Gian-Italo	P31, C31
12	Bondarev, Anton	P27
13	Bottazzi, Giulio	P15, C15
14	Brito, Paulo	P19
15	Caliendo, Frank	P21
16	Chevalier-Roignant, Benoit	P9
17	Chiarella, Carl	P28, C28
18	Claussen, Jens Christian	P8
19	Costain, James	P8, C8
20	Dawid, Herbert	P27, C27
21	Di Guilmi, Corrado	P37
22	Di Liddo, Andrea	P14
23	Diks, Cees	P24, C24
24	Dockner, Engelbert	P38, C38
25	El Ourdighi, Fouad	P5
26	ELHAFSI, MOHSEN	P3
27	Engström, Gustav	P31
28	engwerda, jacob	P11, C11
29	Erickson, Gary	P7
30	Faggian, Silvia	P32
31	Feichtinger, Gustav	P32
32	Feigenbaum, James	P21, C21
33	Fletcher, Leslie	P25, C25
34	Fruchter, Gila	P16, C16
35	Gao, Yan	P15
36	Gardini, Laura	P34, C34
37	Goldbaum, David	P18, C18
38	Gori, Luca	P12, C12
39	Grass, Dieter	P23
40	Greiner, Alfred	P36, C36
41	Groth, Christian	P36
42	Hagspiel, Verena	P2
43	Haunschmied, Josef	P20
44	Heemeijer, Peter	P22
45	Heijdra, Ben	P35
46	Heitmann, Dennis	P34
47	Hillmann, Katja	P19
48	Hommes, Cars	C22
49	Huisman, Kuno	P38
50	Joosten, Reinoud	P10, C10
51	Khmelnitsky, Eugene	P3, C3
52	Kiseleva, Tatiana	P20
53	Kitti, Mitri	P30, C30
54	Kogan, Konstantin	P3
55	Koloch, Greg	P22
56	Kopel, Michael	P7, C7
57	Kort, Peter	P32, C32
58	Kubin, Ingrid	P12
59	Lamantia, Fabio	P38
60	LeBaron, Blake	P33, C33
61	Leung, Siu Fai	P19, C19
62	Marin-Solano, Jesus	P13
63	Marsili, Matteo	P28
64	Martin-Herran, Guiomar	P35, C35
65	Mohammadian Moghayer, Saeed	P30
66	Naimzada, Ahmad	P37
67	Neck, Reinhard	P2
68	Novak, Andreas	P13
69	Ochea, Marius-Ionut	P10
70	Palokangas, Tapio	P17
71	Pavlova, Yulia	P31
72	Pickenhain, Sabine	P13, C13
73	Postalci, Efe	P18
74	Ray Chaudhuri, Amrita	P5
75	Rey, José-Manuel	P21
76	Rincón Zapatero, Juan Pablo	P2, C2
77	Rosser, Barkley	P10
78	Rowat, Colin	P35
79	Ruebeck, Christopher	P7
80	Saglam, Cagri	P6, C6
81	Seidl, Andrea	P16
82	Semmler, Willi	P1
83	Sethi, Suresh	P14, C14
84	Smirnov, Alexey	P1
85	Smrkolj, Grega	P34
86	sodini, mauro	P11
87	Sordi, Serena	P29, C29
88	Stankova, Katerina	P30
89	Thijssen, Jacco	P27
90	Tolotti, Marco	P8
91	Tragler, Gernot	P20, C20
92	Tramontana, Fabio	P33
93	Tuinstra, Jan	P9, C9
94	Veliov, Vladimir	C1, P1
95	Viscolani, Bruno	P14
96	Wagener, Florian	C26
97	Waters, George	P9
98	Wenzelburger, Jan	P4, C4
99	Westerhoff, Frank	P37, C37
100	Withagen, Cees	P17, C17
101	Yamamoto, Ryuichi	P28
102	Zaccour, Georges	P26
103	Zeppini, Paolo	P18
104	Zhang, Yan	P12
105	Zheng, Min	P4
106	Zhu, Mei	P25
107	Zou, Benteng	P36
108	Zwinkels, Remco	P33

This program was last updated on 2010-06-16 12:0:11 EDT