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Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute … the current principal prefers her future self to save more, she can increase current investments complementary to future …

Persistent link: https://www.econbiz.de/10010877709

Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10010948869

Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007

The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...

Persistent link: https://www.econbiz.de/10005765756

Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox

Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007

firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

Persistent link: https://www.econbiz.de/10005094252

Exit Dynamics of Start-up Firms: Does Profit Matter?

Golombek, Rolf; Raknerud, Arvid - CESifo - 2015

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...

Persistent link: https://www.econbiz.de/10011124892

Will Women Save More than Men? A Theoretical Model of Savings and Marriage

Grossbard, Shoshana Amyra - 2010

higher marriage rates and higher divorce rates will be associated with higher savings rates in the presence of economies of … marriage and with lower savings rates in the presence of diseconomies of marriage. In the context of traditional gender roles … traditional gender roles and marital status to understanding cross-country variation in gender differentials in savings behavior …

Persistent link: https://www.econbiz.de/10013139496

Re-Examining the Decline in the US Saving Rate : The Impact of Mortgage Equity Withdrawal

Caporale, Guglielmo Maria - 2013

In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error...

Persistent link: https://www.econbiz.de/10013090336

Do Mobile Pensioners Threaten the Deferred Taxation of Savings?

Meier, Volker - 2013

policy consists in full deferral of income taxes on savings and a full taxation of interest. Mobility of the old calls for … savings in combination with full tax exemption on capital income …

Persistent link: https://www.econbiz.de/10013092244

Is Social Security Behind the Collapse of Personal Saving?

Caliendo, Frank - 2009

This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...

Persistent link: https://www.econbiz.de/10013157190

Annuity Market Imperfection, Retirement and Economic Growth

Heijdra, Ben J. - 2009

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...

Persistent link: https://www.econbiz.de/10013157843