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May 14, 2024 · Indifference Curve: An indifference curve represents a series of combinations between two different economic goods, between which an individual would be theoretically indifferent regardless of ...
May 12, 2024 · It’s instruments that behave like bonds – such as FRAs – that exhibit convexity. Convexity bias describes the difference between payouts of equivalent SOFR futures and SOFR single period swap positions. This bias in Interest Rate instruments can be observed in how payouts respond to rate changes in the futures market versus the OTC swap ...
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Apr 24, 2024 · Economic assumptions are assumptions that economists make about individuals, markets, or businesses. These assumptions are used to help predict the decisions of players in an economy and how ...
6 days ago · Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics. Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.
May 6, 2024 · Phillips Curve: The Phillips curve is an economic concept developed by A. W. Phillips showing that inflation and unemployment have a stable and inverse relationship. The theory states that with ...
May 11, 2024 · 4.3. Implementation for power markets. The markup mechanism is based on the assumption that the non-convexities can be thoroughly characterized, i.e., that the market operator has access to the concave (convex) hulls of buyers’ valuation (sellers’ cost) functions as well as to the non-convexity measure R.
1 day ago · Subsequently, by leveraging this learned input-output Koopman model, a convex economic predictive control scheme is developed. The resulting predictive control problem can be efficiently solved by leveraging quadratic programming solvers, and complex non-convex optimization problems are bypassed.
