Sentence examples for optimal effort is from inspiring English sources

Since output cannot be negative, it is required that set-up costs are covered i.e. (,E ge F/varTheta.) For private households, optimal effort is the solution of the function mathop {hbox{max} }limits_{{e_{i} }} left[ {left( {theta_{i} e_{i} - F} right) - alpha_{i} e_{i}^{2} } right].

Optimal effort is obtained from (1) above and is given by the following expression: {e}_i^=frac{1}{alpha +left 1-alpha right)vartheta left({I}_{oki},{E}_kright)}left[alpha {n}_i+left 1-alpha right)left({I}_{k i}^{beta left({D}_iright)}{ovarthetaI}}_k^{leftda left({D}_I}_{oki}+gamma {E}_k+varphi left({D}_iright){L}_iright)+left(1-alpha right)vartheta left({I}_{oki},{E}_kright) e(S)right] (2).

Then the optimal harvesting effort is (E^=Lambda=[B(B^{-1})^{T}+I]^{-1}Q), and the maximum of ESY is Y^=Lambda^{T}B^{-1} Q-Lambda).

Lasting relationships are possible only if the effort gap is tolerable and the optimal effort making is continuously watched over to stay on the target dynamics.

The usual punitive damages article contains purely theoretical considerations about when punitive damages are appropriate and about their optimal level; no effort is made to ascertain whether the existing pattern of punitive awards corresponds with the theory.

For (gamma in left( {0,1} right):) Under both accounting systems sequentially optimal second-period effort is too low (high) compared to the full commitment value if (lambda < left right)0).

Thus, the utility of an individual who works in the simple sector with optimal effort levels is {V}_y=frac{1}{2}^2t-frac{1}{2b{q}_yb{q}{t}^2}^2 (5).

(2001) implement wage tax in a binary model and find that the optimal effort level is not affected by wage taxation.

The negative effect of a higher marginal wage tax rate on the optimal effort level is documented by Katuscak (2004) who implements wage tax in a continuous moral hazard model and finds that a higher marginal wage tax rate decreases the equilibrium level of managerial effort.

Since the entrepreneur cannot entirely capture the results of his effort, investment is below the optimal level and production effort is socially inefficient.

Therefore, the methodology of this optimal design for sampling effort is a useful addition to the duration-in-beam model in fisheries acoustics.