Showing 1 - 10 of 33
This article reports how a two-term obligatory Microeconomics at the Universidade da Beira Interior, Portugal, has been taught for junior undergraduates of the three degrees: Business, Economics and Marketing, offered by the Department of Business and Economics. It reveals the trade-off between...
Persistent link: https://www.econbiz.de/10005134596
This research investigates the problem of Information Technologies Standards or Recommendations from an economical point of view. In our competitive economy, most enterprises adopted standardization’s processes, following recommendations of specialized Organisations such as ISO (International...
Persistent link: https://www.econbiz.de/10005412890
The EU accession countries have made remarkable progress in developing their financial sectors. Nevertheless, potential risks to banking sector stability remain. We take stock of these risks, with a focus on the challenges posed by the EU accession process. Important potential risks we identify...
Persistent link: https://www.econbiz.de/10005126335
Persistent link: https://www.econbiz.de/10005407976
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter tremendous external pressure to revalue the Renminbi (RMB) substantially. Our conclusion is that the major macroeconomic challenges have their roots in China’s...
Persistent link: https://www.econbiz.de/10005062405
of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment …
Persistent link: https://www.econbiz.de/10005555994
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10005556097
This paper analyzes the expenditure policy of the public sector and risk in a two-country stochastic AK growth model … public spending on productivity and risk diversification. …
Persistent link: https://www.econbiz.de/10005556589
paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper …
Persistent link: https://www.econbiz.de/10005560978
We introduce an axiomatic definition of a conditional convex risk mapping. By employing the techniques of conjugate … duality we derive properties of conditional risk mappings. In particular, we prove a representation theorem for conditional … risk mappings in terms of conditional expectations. We also develop dynamic programming relations for multistage …
Persistent link: https://www.econbiz.de/10005561062