14.126 Game Theory
Final Exam
You have 24 hours from the time you pick up the exam (i.e. you need to return
your solutions by the same time next day). You can use any existing written
source, but you
14.128. Problem Set #3
1
Neoclassical Growth: Linear and Non-Linear
Speed of Convergence
Consider the neoclassical growth model with u (c) = c1 / (1 ) G (k, 1) =
k and depreciation rate .
(a) Using th
1
Solutions Pset 3
1) Do some programing
3) Brock Mirman problem
a) Take V = a1 log k + a2 log + a3 . Then the max problem is
T V (k) =
T V (k) =
max
ln (Ak k0 ) + E [a1 log k0 + a2 log + a3 ]
max
ln
Problem Set
1 (14.453)
Ivn Werning
a
September 7, 2006
1
Business Cycles Costs
Let utility be given by:
E
1
1
X
t u (ct )
t=0
where the instantaneous utility takes the standard CRRA specication u (ct
14.453: Problem Set
3
Ivn Werning
a
1
Precautionary Savings in General Equilibrium
Let utility be given by:
E
1
X
t u (ct )
t=0
where u (c) =
1
exp cfw_ c . Assume the standard intertemporal budget c
MIT 11.487 Urban Public Finance in Developing Countries
Fall 2004
Prof. Annette M. Kim
Problem Set 4
Please read and study KSG case: The Tribasa Toll Road Trust and respond to the following:
1. Diagra
Problem Set 1
1
Answers to the required problems
3.2
a) Take any three vectors x, y, z in Rl and two real number , R.
Dene the zero vector = (0, ., 0) Rl . To check that it is a vector space,
dene the
Department of Urban Studies and Planning
Frank Levy
11.203 Microeconomics
Fall, 2009
Answers to First Midterm Exam
1) (30 points) The following is a true quote from a Wall Street investment banker des