Blar i NHH Brage på emneord "stochastic approximation"

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    • Equilibrium and price stabilization 

      Flåm, Sjur Didrik; Gaasland, Ivar; Vårdal, Erling (Working Paper, Working paper, 2001-12)
      The main objects here are markets with stochastic demand and supply. Agriculture provides prime instances. A key concern is how a buffer agency may learn to stabilize prices. We model such learning and identify conditions ...

    • Learning to face stochastic demand 

      Flåm, Sjur Didrik; Sandsmark, Maria (Discussion paper, Working paper, 2000-09)
      We consider repeated interaction among several producers of a homogenous, divisible good, traded at a common market. Demand is uncertain, and its law is unknown. We explore an adaptive scheme leading such producers over ...