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We conclude this section by characterizing the optimal covariance matrices used in the second phase.
The discussion begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its production cost and/or consumer demand for its product.
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Another step in improving environmental situation is achieved by characterizing the lubricating oil to determine an optimal time of oil change.
In this section we will characterize the optimal controls by giving necessary conditions for optimality.
In Section 4, we characterize the optimal controls by giving necessary conditions for optimality.
In this section, we shall characterize the optimal controls by giving necessary conditions for optimality.
And then we characterize the optimal controls by giving necessary conditions for optimality.
Second, by introducing the "marginal indemnification functions", we characterize the optimal reinsurance contracts.
This paper characterizes the "optimal" budget window.
We characterize the optimal delegation mechanism.
We fully characterize the optimal dynamic procurement.
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