no code implementations • 24 Dec 2023 • Yongyang Cai, Khyati Malik, Hyeseon Shin
We build a dynamic multi-region model of climate and economy with emission permit trading among 12 aggregated regions in the world.
no code implementations • 3 Mar 2020 • Yongyang Cai, Kenneth Judd, Rong Xu
We apply numerical dynamic programming techniques to solve discrete-time multi-asset dynamic portfolio optimization problems with proportional transaction costs and shorting/borrowing constraints.