EconPapers    
Economics at your fingertips  
 

Optimization in non-standard problems. An application to the provision of public inputs

Antonio Jesus Sanchez Fuentes () and Diego Martínez ()

No 08.07, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: This paper describes a new method for solving non-standard constrained optimization problems for which standard methodologies do not work properly. Our method (the Rational Iterative Multisection -RIM- algorithm) consists of different stages that can be interpreted as different requirements of precision by obtaining the optimal solution. We have performed an application of RIM method to the case of public inputs provision. We prove that the RIM approach and comparable standard methodologies achieve the same results with regular optimization problems while the RIM algorithm takes advantage over them when facing non-standard optimization problems.

Keywords: direct search; constrained optimization; multisection; optimal taxation; public input. (search for similar items in EconPapers)
JEL-codes: C6 H21 H3 H41 H43 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2008-03
New Economics Papers: this item is included in nep-cba, nep-cmp and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.upo.es/serv/bib/wps/econ0807.pdf First version, 2008 (application/pdf)

Related works:
Journal Article: Optimization in Non-Standard Problems. An Application to the Provision of Public Inputs (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:08.07

Access Statistics for this paper

More papers in Working Papers from Universidad Pablo de Olavide, Department of Economics Carretera de Utrera km.1, 41013 Sevilla. Contact information at EDIRC.
Bibliographic data for series maintained by Publicación Digital - UPO ().

 
Page updated 2020-11-09
Handle: RePEc:pab:wpaper:08.07