Showing 1 - 10 of 1,798
This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...
Persistent link: https://www.econbiz.de/10009625571
Expectations about macroeconomic developments are important determinants of long term interest rates. In this paper, I compare two different assumptions on how agents may form their expectations about the economy and yields in a pseudo real time exercise. Based on the no-arbitrage...
Persistent link: https://www.econbiz.de/10010471626
When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
Persistent link: https://www.econbiz.de/10010405430
Persistent link: https://www.econbiz.de/10000893220
Persistent link: https://www.econbiz.de/10000896275
Persistent link: https://www.econbiz.de/10000837164
Persistent link: https://www.econbiz.de/10003529877
Persistent link: https://www.econbiz.de/10001604258
Persistent link: https://www.econbiz.de/10001365345
approaches have their merits and limits concerning a theory and policy of ecoinnovation. Neoclassical methods are most elaborated … question is if innovations toward sustainability can be treated like normal innovations or if a specific theory and policy are … social and institutional innovation in both eco-innovation theory and policy. …
Persistent link: https://www.econbiz.de/10013428160