2 papers
econ.GN2020
Quickest Detection of Ecological Regimes for Natural Resource Management
Neha Deopa, Daniele Rinaldo
We study the stochastic dynamics of natural resources under the threat of ecological regime shifts. We establish a Pareto optimal framework of regime shift detection under uncertai…
econ.GN2020
Can one hear the shape of a target zone?
Jean-Louis Arcand, Max-Olivier Hongler, Shekhar Hari Kumar +1
We develop an exchange rate target zone model with finite exit time and non-Gaussian tails. We show how the tails are a consequence of time-varying investor risk aversion, which ge…