This section of the Supported Intelligence LLC web site contains technical information, “white papers,” case studies, guides, and other information on the practical use and technical aspects of the Rapid Recursive® Toolbox. All documents are free to download and can be distributed in their entirety, provided the copyright notice is maintained on each document.
Please note that the opinions expressed in these documents are those of the authors, and are subject to revision or change without notice in the future. If you wish to excerpt the content of any of these documents, please properly cite it by author, title, and date.
List of technical papers:
The Value of a Controlling Interest in an Expropriated Oil & Gas Company: YPF SA by Patrick L. Anderson, Mar 2013.
A Basic Job Search Model by David Quach, March 2013.
Valuing Rental Properties Using a Recursive Model by David Quach, Apr 2013.
Optimal Search For a Moving Target With Two-Way Path Constraints by Jeff Johnson, Apr 2013.
Microeconomic Applications of the Rapid Recursive® Toolbox by Jeff Johnson, June 2013.
Patrick Anderson, our executive chairman, used the toolbox for his paper “Persistent Unemployment and Policy Uncertainty,” published in the January 2014 edition of Business Economics, for which he won the 2013 Edmund A. Mennis award from the National Association of Business Economics (NABE).
In the recovery from the United States’ 2009 recession, unemployment has proven resistant to both aggressive fiscal policy and expansionary monetary policy. A possible explanation is the policy cost uncertainty hypothesis. For this Patrick uses a novel “value functional” or “recursive” model of firm behavior, in which managers maximize the value of the business rather than its profits. Using this approach, he demonstrates that policy cost uncertainty affects the hiring decisions of firms, that the response to policy uncertainty is higher in some industries than others, and that the scale of the firm also affects its sensitivity to policy risk.
Interested in creating a recursive model, or learning more on the origins of these methods? Our Books and Other Resources page contains information on the the theory and intellectual history of these methods, which you may find helpful while getting started with the Rapid Recursive® Toolbox.