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A Theory for the Term Structure of Interest Rates
Alderweireld, Thomas; Nuyts, Jean - EconWPA - 2004
may be used to develop new methods for the computation of the value-at-risk and fixed-income derivative pricing. …
Persistent link: https://www.econbiz.de/10005561666
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The Changing Concept of Financial Risk
LOS, CORNELIS A. - EconWPA - 2004
financial risk based on asset classes only is ready for a epistemological change. Currently, the definition of financial risk … suffers from three major deficiencies: (1) financial risk is insufficiently measured by the conventional second - order … moments; (2) financial risk is assumed to be stable and all distribution moments are assumed to be time-invariant; and (3 …
Persistent link: https://www.econbiz.de/10005077030
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The Positive Effects of Globalisation
Tamvada, Jagannadha Pawan - EconWPA - 2002
the world as a set of regions specialising in production of certain commodities and mathematically derives a model that …
Persistent link: https://www.econbiz.de/10005556473
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solving systems of equations whose arguments are organizational forms
vassilakis, spyros - EconWPA - 2002
Persistent link: https://www.econbiz.de/10005561490
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A General Equilibrium Analysis of the Demand for Money
Rodríguez, Carlos A. - EconWPA - 2004
A model of capital service is constructed on stylized consumer behaviour and the total quantity of financial resources. The demand for money becomes a function of the wage rate under agreement as well as interests rates and overall economic activity.
Persistent link: https://www.econbiz.de/10005125610
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The technological theory of production and a method of decomposition of the rate of GDP in terms of labour and capital services
Pokrovski, Vladimir - EconWPA - 2003
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
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A reformulation of Aumann-Shapley random order values of non- atomic games using invariant measures
Raut, Lakshmi K. - EconWPA - 1996
In this paper the random order approach to values of non-atomic games is reformulated by generating random orders from a fixed subgroup of automorphisms, $\Theta$ that admits an invariant probability measurable group structure. The resulting $\Theta$-symmetric random order value operator is...
Persistent link: https://www.econbiz.de/10005407568
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Proper definitions for Risk and Uncertainty (July update with (a) better notation, (b) relative risk (c) an application to insurance)
Cool, Thomas - EconWPA - 1993
The commonly adopted definitions of risk and uncertainty generate conceptual problems and inconsistencies, and they are …-probabilistic techniques). Note that the term 'risk' has not been used in the 4 points above, so that an independent definition is possible …. 'Risk' can be defined as the absolute value of probable loss, i.e. as rho = -E[x < 0]. Also, relative risk is the probable …
Persistent link: https://www.econbiz.de/10005408083
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functorial fixed points
vassilakis, spyros - EconWPA - 2002
Persistent link: https://www.econbiz.de/10005062343
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Mathematics and Economics: Use, Misuse, or Abuse? From Walrasian Deductivism to Demaria's Hypothetical Inferences
Boldizzoni, Francesco; Canziani, Arnaldo - EconWPA - 2005
The development of a mechanistic analytical approach – since mid-19th century to WWI, and beyond – is a well-known story in European economic thought, the story of Cournot, Jevons, Walras, Edgeworth, Pareto, and many others. We could refer to this tradition as “mathematical deductivism”,...
Persistent link: https://www.econbiz.de/10005076646