Optimal policy with general signal extraction

Optimal Fiscal Policy With Oil Revenues

optimal fiscal policy with oil revenues

Optimal policy with credibility concerns

This paper considers a reputation model of optimal taxation in which the public is unsure about the government type. A long-lived government can be trustworthy (meaning that it commits to its announced tax rate) or opportunistic (meaning that it retains the ability to change its tax rate after announcing it). Unlike in most prior studies, the committed strategy in this model is optimally chosen...

Optimal Policy with Heterogeneous Preferences

Optimal policy rules—including those regarding income taxation, commodity taxation, public goods, and externalities—are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are observable, standard second-best result...

Optimal Signal Control in Urban Road Networks with High Priority Congested Centers

Keeping the density of traffic flow and air pollution in an acceptable level and developing a good capacity for transit in the high priority areas of the city, is really a big deal in large and crowded cities. To address this problem, a new method of intersection signal optimization is presented in this paper. Based on network fundamental diagrams, an Internal–External Traffic Metering Strategy...