Capital-Embodied Technologies in CGE Models

Validating Energy-Oriented CGE Models

Although CGE models have received heavy usage, they are often criticized as being insufficiently validated. Key parameters are often not econometrically estimated, and the performance of the model as a whole is rarely checked against historical outcomes. As a consequence, questions frequently arise as to how much faith one can put in CGE results. In this paper, we employ a novel approach to the...

Capital Accumulation and Embodied Technological Progress

This paper combines technology adoption with capital accumulation taking into account technological progress. We model this as a multi-stage optimal control problem and solve it using the corresponding maximum principle. The model with linear revenue can be solved analytically, while the model with market power is solved numerically. We obtain that investment jumps upwards right at the moment t...

Where Are the Industrial Technologies in Energy- Economy Models? An Innovative CGE Approach for Steel Production in Germany

Embodied AI as Science: Models of Embodied Cognition, Embodied Models of Cognition, or Both?

This paper discusses the identity of embodied AI, i.e. it asks the question exactly what it is that makes AI research embodied. From an engineering perspective, it is fairly clear that embodied AI is about robotic, i.e. physically embodied systems. From the scientific perspective of AI as building models of natural cognition or intelligence, however, things are less clear. On the one hand embod...

Comparative Study of Capital Assets Pricing Models (CAPM) with Extrapolating Capital Assets Pricing Models (X-CAPM) in Tehran Exchange Market

The main objective of this article is to present a comparative study of capital assets pricing models (CAPM) with extrapolating capital assets pricing models (X-CAPM) of companies admitted in Tehran Exchange Market which is accomplished for the first time by investigators of this research in Iran. Accordingly, the statistical population under study of this research includes all companies admitt...