Showing 1 - 10 of 116
article is to provide such a formal demonstration. We thus concentrate on the General Theory to verify how it constitutes a …
Persistent link: https://www.econbiz.de/10010750536
Abstract: In the opening sentence of Money, Interest, and Prices, Patinkin noted that his book was the outgrowth of ideas first presented in his doctoral dissertation. This claim has attracted the attention of most scholars who wrote about his works in recent years. As shown by Boianovsky...
Persistent link: https://www.econbiz.de/10009353558
The capital market in Böhm-Bawerk's Positive Theory of Capital appears at several places. The last chapter of the book …
Persistent link: https://www.econbiz.de/10008793665
After a few centuries of speeding up, the distribution of GNP's growth rates has widely changed all round the world. Growth is slowing down in advanced countries and has accelerated in emerging countries. Moreover growth is questioned as a matter of principle. Considering the vast array of...
Persistent link: https://www.econbiz.de/10010899774
disaster risk. We first build an analytical model that demonstrates how countries that face a low hazard of disasters are … increasing economic development. We then use a cross country panel dataset in conjunction with a risk exposure index to …
Persistent link: https://www.econbiz.de/10008793946
Certain areas related to the topics under discussion here lie outside my field; for instance the evaluation of risk … powers to analyse the risk decision-making process over some years now. …
Persistent link: https://www.econbiz.de/10008794056
The economic principle of (hidden) uncertainty is presented. New probability formulas are offered. Examples of …
Persistent link: https://www.econbiz.de/10008794343
This paper discusses aspects of risk and uncertainty relevant in an interdisciplinary assessment of climate change … aspects the IPCC guidance notes provides an interdisciplinary unified approach on risk and uncertainty. This is a significant … probabilities are well founded versus situations of broader forms of error such as Knightian or deep uncertainty, incompleteness …
Persistent link: https://www.econbiz.de/10008794391
The theory of existence of equilibrium with short-selling is reconsidered under risk and ambiguity modelled by risk … some prior. It is shown that the more uncertainty averse and the more risk averse the agents, the more likely are efficient … of the risk adjusted sets of expectations overlap. This condition is necessary if agents are not risk neutral at extreme …
Persistent link: https://www.econbiz.de/10010603664
The theory of existence of equilibrium with short-selling is reconsidered under risk and ambiguity modelled by risk … some prior. It is shown that the more uncertainty averse and the more risk averse, the more likely are efficient … of the risk adjusted sets of expectations overlap. This condition is necessary if agents are not risk neutral at extreme …
Persistent link: https://www.econbiz.de/10010738543