Category Archives: Economics

Dynamic Programming for Optimal Control Problems in Economics

Here we consider the optimal control theory of infinite dimensional systems that has recently found interesting applications in theoretical economics so that economic models can be made more realistic. Continue reading

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How Much for My Ton of CO2?

Mathematics analyzes numerous aspects of financial markets and financial instruments. For the markets trading CO2 emissions, mathematics is used to decide how cap and trade rules will operate. Continue reading

Posted in Economics, Energy, Political Systems | Leave a comment

DIMACS/CCICADA Collaboration on REU and Other Sustainability Projects

The Center for Discrete Mathematics and Theoretical Computer Science (DIMACS) and the Command Control Interoperability Center for Advanced Data Analysis (CCICADA), both based at Rutgers University, have collaborated on some recent activities to enhance the summer experience for several undergraduate students participating in the DIMACS/CCICADA Research Experiences for Undergraduates (REU) program. DIMACS and CCICADA recently co-hosted a workshop on Science and Technology Innovations in Hurricane Sandy Research. Continue reading

Posted in Astrophysics, Atmosphere, Biodiversity, Biogeochemistry, Biology, Biosphere, Carbon Cycle, Climate, Climate Change, Climate Modeling, Climate System, Complex Systems, Computational Science, Conference, Conference Announcement, Conference Report, Cryosphere, Data, Data Assimilation, Data Visualization, Dimension Reduction, Disease Modeling, Dynamical Systems, Ecology, Economics, Energy, Epidemiology, Evolution, Extreme Events, Finance, General, Geophysics, Imaging, Inverse Problems, Machine Learning, Mathematics, Meteorology, Natural Disasters, Networks, Ocean, Optimization, Paleoclimate, Patterns, Political Systems, Probability, Public Event, Public Health, Renewable Energy, Resource Management, Risk Analysis, Social Systems, Statistics, Sustainability, Sustainable Development, Tipping Phenomena, Transportation, Uncertainty Quantification, Weather, Workshop Announcement, Workshop Report | Leave a comment

The Social Cost of Carbon

What exactly is the definition of the “social cost of carbon” (SCC)? Who is interested in determining this quantity? Who is interested in its value? Can this even be done and, if so, how accurately? Continue reading

Posted in Climate Modeling, Economics, Social Systems | Leave a comment

Mathematics shines some light on the growing markets for solar renewable certificates

In recent years, governments around the world have experimented with many different policy tools to encourage the growth of renewable energy. Continue reading

Posted in Economics, Finance, Renewable Energy | Leave a comment

The Carbon Footprint of Textbooks

Compared with a conventional textbook it’s obvious that an e-text saves energy and reduces greenhouse gas emissions—or is it? Continue reading

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Fields Institute — Focus Program on Commodities, Energy, and Environmental Finance

Commodities and energy markets continue to grow in activity and influence. Because of the growing concern about environmental issues inherent to the production and consumption of energy, quantitative insights into these marketplaces are crucial for sustainable development and policy making with respect to climate change. Continue reading

Posted in Climate, Economics, Finance, Mathematics, Uncertainty Quantification, Workshop Announcement | Leave a comment

Retail vs. E-tail

I’ve been wondering whether it’s more energy efficient to go out and buy something at a local store or to order it over the internet and have it delivered to my door. Continue reading

Posted in Economics, Energy, Transportation | 1 Comment