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Transfers within a three generations family: when the rotten kids turn into altruistic parents

Cremer, Helmuth; Roeder, Kerstin - Volkswirtschaftliche Fakultät, … - 2014

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal … care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the …

Persistent link: https://www.econbiz.de/10011210872

Sequential lending with dynamic joint liability in micro-finance

Chowdhury, Shyamal; Roy Chowdhury, Prabal; Sengupta, Kunal - Volkswirtschaftliche Fakultät, … - 2014

This paper develops a theory of sequential lending in groups in micro-finance that centers on the notion of dynamic incentives, in particular the simple idea that default incentives should be relatively uniformly distributed across time. In a framework that allows project returns to accrue over...

Persistent link: https://www.econbiz.de/10011108610

Fuzzy sets from the ethics of social preferences

Alcantud, José Carlos R. - Volkswirtschaftliche Fakultät, … - 2013

We show that the problem of evaluating infinite sequences (or streams) of utilities by a unique utility (or social welfare function) can be stated in terms of fuzzy subsets of the set of infinite utility sequences. For each stream, its evaluation can be viewed as its degree of membership to the...

Persistent link: https://www.econbiz.de/10011260074

Developing the concept of Sustainable Peace using Econometrics and scenarios granting Sustainable Peace in Colombia by year 2019

Gomez-Sorzano, Gustavo - Volkswirtschaftliche Fakultät, … - 2007

This paper belongs to my research program on violence and terrorism started in 1993, as a consequence of the growing concern regarding the increase in Colombian violence, and especially for its escalation during the 1990’s. After 14 years of research, particularly after developing a model of...

Persistent link: https://www.econbiz.de/10005621672

The Chicago Tradition and Commercial Bank Seigniorage

Soldatos, Gerasimos T.; Varelas, Erotokritos - Volkswirtschaftliche Fakultät, … - 2014

Chicago rule is shown to be the unique optimal monetary policy rule from the viewpoint of an intergenerational welfare-maximizing social planner. But, in the absence of commercial banking, it really mandates the elimination of the public sector, because it involves the elimination of central...

Persistent link: https://www.econbiz.de/10011109358

Global endogenous growth and distributional dynamics

Brito, Paulo - Volkswirtschaftliche Fakultät, … - 2011

In this paper we deal with the global distribution of capital and output across time. We supply empirical support to model it as a partial differential equation, if the support of the distribution is related to an initial ranking of the economies. If we consider a distributional extension of the...

Persistent link: https://www.econbiz.de/10011109787

Frequency of trade and the determinacy of equilibrium in economies of overlapping generations

d'Albis, Hippolyte; Augeraud-Véron, Emmanuelle - Volkswirtschaftliche Fakultät, … - 2012

Demichelis and Polemarchalis (2007) highlighted the role played by the frequency of trade on the degree of indeterminacy of equilibrium in economies of overlapping generations. Assuming that time has a finite starting point and extends into the infinite future, they prove that the degree of...

Persistent link: https://www.econbiz.de/10011259866

The superstar quest: Does youth talent predict professional success for female and male tennis players?

Grove, Wayne A.; Jetter, Michael - Volkswirtschaftliche Fakultät, … - 2014

We estimate the relationship between international youth and professional tennis rankings. We find no difference between the predictiveness of rankings from age 14 & Under versus age 16 & Under competitions. The most persistent predictor of professional success is beating older top ranked...

Persistent link: https://www.econbiz.de/10011112126

Políticas sociales y teoría de contratos

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2006

This article aims to make an approach to the definition and meaning of social policies through the theory of contracts, a distinction between these and public policy. For this, the contributions of some officials of the Municipality of Medellín and other municipal organizations in a focus group...

Persistent link: https://www.econbiz.de/10011112157

Climate Change and Economic Growth: An Intertemporal General Equilibrium Analysis for Egypt

Elshennawy, Abeer; Robinson, Sherman; Willenbockel, Dirk - Volkswirtschaftliche Fakultät, … - 2013

Due to the high concentration of economic activity along the low-lying coastal zone of the Nile delta and its dependence on Nile river streamflow, Egypt's economy is highly exposed to adverse climate change. Adaptation planning requires a forward-looking assessment of climate change impacts on...

Persistent link: https://www.econbiz.de/10011112199