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The role of the wealth distribution on output volatility

Ghiglino, Christian; Venditti, Alain - HAL - 2008

We explore the link between wealth inequality and business cycle fluctuations in a two-sector neoclassical growth model with endogenous labor and heterogeneous agents. Assuming that wealth inequality is described by the distribution of shares of capital, we show that in the most plausible...

Persistent link: https://www.econbiz.de/10008793485

On a kinetic model for a simple market economy

Cordier, Stéphane; Pareschi, Lorenzo; Toscani, Giuseppe - HAL - 2004

In this paper, we consider a simple kinetic model of economy involving both exchanges between agents and speculative trading. We show that the kinetic model admits non trivial quasi-stationary states with power law tails of Pareto type. In order to do this we consider a suitable asymptotic limit...

Persistent link: https://www.econbiz.de/10008793847

There is a VaR Beyond Usual Approximations

Kratz, Marie - HAL - 2013

Basel II and Solvency 2 both use the Value-at Risk (VaR) as the risk measure to compute the Capital Requirements. In practice, to calibrate the VaR, a normal approximation is often chosen for the unknown distribution of the yearly log returns of financial assets. This is usually justified by the...

Persistent link: https://www.econbiz.de/10010898566

An Experiment in the Economic Consequences of Additional Disclosure: The Case of the Fair Value of Unlisted Equity Investments

Ding, Yuan; Jeanjean, Thomas; Lesage, Cédric; Stolowy, … - HAL - 2009

liquidity, perception of information reliability and relevance. We use an experimental design: 181 MBA students are asked to …

Persistent link: https://www.econbiz.de/10008791819

French version of he Occupational Stress Indicator (OSI): Preliminary study on reliability and validity assessment

Steiler, Dominique - HAL - 2003

validity and the reliability of the Occupational Stress Indicator (OSI) for use in France. The OSI is a diagnostic research … the OSI and investigate the reliability as well as the convergent and discriminant validity for six of its scales - Mental … showed statistically good reliability through Cronbach's α. The seventh scale, Locus of control, showed a lower and …

Persistent link: https://www.econbiz.de/10008796010

French version of he Occupational Stress Indicator (OSI): Preliminary study on reliability and validity assessment

Steiler, Dominique - HAL - 2003

Persistent link: https://www.econbiz.de/10010549073

Public transport reliability and commuter strategy

Monchambert, Guillaume; Palma, André De - HAL - 2013

This paper addresses the two-way implication between punctuality level of public transport and commuter behavior. We consider a modal competition between public transport and an alternative mode. Commuters may choose different strategies to minimize their journey cost. In particular, when the...

Persistent link: https://www.econbiz.de/10010899645

Should Financial Statements Represent Fairly or be Relevant?

Burlaud, Alain - HAL - 2013

-off between reliability and relevance, two characteristics of financial reporting that the IASC/IASB Conceptual Framework does not …

Persistent link: https://www.econbiz.de/10010899749

Public transport reliability and commuter strategy

Monchambert, Guillaume; Palma, André De - HAL - 2014

Persistent link: https://www.econbiz.de/10010930068

The value of service reliability

Benezech, Vincent; Coulombel, Nicolas - HAL - 2013

This paper studies the impact of service frequency and reliability on the choice of departure time and the travel cost … service reliability, as expected. It does not necessarily decrease with service frequency, however. We derive the value of … service headway (VoSH) and the value of service reliability (VoSR), which measure the marginal effect on the expected travel …

Persistent link: https://www.econbiz.de/10010821095