WISE is ready to welcome you back from this short Easter break!
On April 27, 2011 at 12.45-2 pm in Room E, Vahid Mojtahed will present his work on "Market for Tradeable Green Certificates".
Here is an abstract of his presentation:
ABSTRACT
I propose a mathematical model for Tradeable Green Certificate (TGC) market as an incentive mechanism for new investors. This market is an example of market-based governance, which in current case can substitutes Feed-In Tariff (FIT) policy in order to stimulate investment in clean energies. I study the behavior of sellers in such market and implement rules that reduce the risk of investment for potential investors in renewable sources. It is shown that investing in RES under market for TGC can be as profitable and cost-efficient as FIT policy even if sellers trade in the market with zero-intelligence. The government plays an important role by altering demand and taking preferential policy toward technologies.
Please note lunch will take place before the seminar, between 12.45 and 1 pm, with the presentation starting only at 1 pm.
Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food. Please remember also to state whether you require a vegetarian option!
Looking forward to seeing you all at WISE!
-the WISE staff
The blog of the Wednesday Informal Seminar in Economics (WISE)
Treat before Easter!
If you can't stop thinking about how short this Easter break is going to be, you really have to come freshen up your mind with our next WISE presenter!
On April 20, 2011 at 12.45-2 pm in Room E, Prof. Marco Li Calzi will present his work on "The power of diversity over large solution spaces".
Here is an abstract of his presentation:
ABSTRACT
We consider a team of agents with limited problem-solving ability facing a disjunctive task over a large solution space. We provide sufficient conditions for the following four statements. First, two heads are better than one: a team of two agents will solve the problem even if neither agent alone would be able to. Second, teaming up does not guarantee success: if the agents are not sufficiently creative, even a team of arbitrary size may fail to solve the problem. Third, "defendit numerus": when the agent's problem-solving ability is adversely affected by the complexity of the solution space, the solution of the problem requires only a mild increase in the size of the team. Fourth, groupthink impairs the power of diversity: if agents' abilities are positively correlated, a larger team is necessary to solve the problem.
The paper is available at http://ideas.repec.org/p/vnm/wpaper/206.html
Please note lunch will take place before the seminar, between 12.45 and 1 pm, with the presentation starting only at 1 pm.
Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food.
Looking forward to seeing you all at WISE!
-the WISE staff
On April 20, 2011 at 12.45-2 pm in Room E, Prof. Marco Li Calzi will present his work on "The power of diversity over large solution spaces".
Here is an abstract of his presentation:
ABSTRACT
We consider a team of agents with limited problem-solving ability facing a disjunctive task over a large solution space. We provide sufficient conditions for the following four statements. First, two heads are better than one: a team of two agents will solve the problem even if neither agent alone would be able to. Second, teaming up does not guarantee success: if the agents are not sufficiently creative, even a team of arbitrary size may fail to solve the problem. Third, "defendit numerus": when the agent's problem-solving ability is adversely affected by the complexity of the solution space, the solution of the problem requires only a mild increase in the size of the team. Fourth, groupthink impairs the power of diversity: if agents' abilities are positively correlated, a larger team is necessary to solve the problem.
The paper is available at http://ideas.repec.org/p/vnm/wpaper/206.html
Please note lunch will take place before the seminar, between 12.45 and 1 pm, with the presentation starting only at 1 pm.
Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food.
Looking forward to seeing you all at WISE!
-the WISE staff
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