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Capital Depreciation and the Underdetermination of Rate of Return : A Unifying Perspective
Magni, Carlo Alberto - 2017
This paper shows that the notion of rate of return is best understood through the lens of the average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV-consistent approach based on a coherent definition of rate of return and on the notion of Chisini mean, it...
Persistent link: https://www.econbiz.de/10012962027
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Uncertainty and the specificity of human capital
Gervais, Martin (contributor); Livshits, Igor (contributor);  … - 2007
This paper studies the choice between general and specific human capital. A trade-off arises because general human capital, while less productive, can easily be reallocated across firms. Accordingly, the fraction of individuals with specific human capital depends on the amount of uncertainty in...
Persistent link: https://www.econbiz.de/10003641302
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A new look at uncertainty shocks : imperfect information and misallocation
Senga, Tatsuro - 2015
Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the degree of uncertainty facing individual firms not...
Persistent link: https://www.econbiz.de/10011401309
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Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2018
allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … accessing external capital funds quadruples during extreme financial market dislocations, making resource allocation within … resource allocation in internal capital markets offset financial market stress during the recent financial crisis by 16% to 30 …
Persistent link: https://www.econbiz.de/10012938571
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Allocation of Carbon Emission Certificates in the Power Sector: How generators profit from grandfathered rights
Keats, K. Martinez; Neuhoff, K. - Faculty of Economics, University of Cambridge - 2004
To meet its Kyoto requirements, the EU will establish an internal market for carbon dioxide allowances from 2005, the …-fired combined cycle gas turbine (CCGT) will increase. We show that in future allocation rounds a greater proportion of allowances …
Persistent link: https://www.econbiz.de/10005113866
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A Categorical-Generative Theory of Social Processes : About Describing a Complex, Dynamic and Contingent Pattern of Decision-Making Events
da Rocha Braga, Bruno - 2017
This paper highlights the structural and computational features of generative grammars supporting first the translation of propositions about a complex, dynamic and contingent social phenomenon into the form of patterns of sequences of decision-making events, then the refinement of such model...
Persistent link: https://www.econbiz.de/10012948220
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Essays on Uncertainty and Decision-Making in Environmental Economics
Mensink, Paul - 2015
This draft PhD thesis analyzes four issues in the research field that consists of the intersection of environmental economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like cutting rainforests or emitting pollutants with long...
Persistent link: https://www.econbiz.de/10014064447
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Effect of COVID-19 on Gold Market
Kumari, Manisha - 2021
Using the secondary bastions of Gold market in the COVID-19 PANDEMIC this paper aims to record the changes in the GDP … the positive relationship between Gold market and Economic growth measured as a GDP per Capita , FDI, employment and how … regression has been used for the analysis. Affirming the hypothesis, government is expecting that Gold market will affect GDP per …
Persistent link: https://www.econbiz.de/10013247366
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Approaching european market and capital allocation on different external markets
Neamtu, Liviu - Volkswirtschaftliche Fakultät, … - 2007
markets within European market are in various strategic positions through their specificity, with the prevalence of a certain …
Persistent link: https://www.econbiz.de/10005619480
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Committees and Decision Making
Arora, Neeraj - 2020
decisions are made in an important group setting. Specifically, we study the Federal Reserve's Federal Open Market Committee …
Persistent link: https://www.econbiz.de/10012840406