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Vulnerability in a stochastic dynamic model
Elbers, Chris; Gunning, Jan Willem - 2003 - Rev.
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10011334363
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Reconciling consumption inequality with income inequality
Lepetyuk, Vadym; Stoltenberg, Christian - 2013
Persistent link: https://www.econbiz.de/10010191294
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Idiosyncratic labour income risk and aggregate consumption : an unobserved component approach
Pozzi, Lorenzo - 2007
consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is …We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate … decomposed into an aggregate and into an idiosyncratic part. Empirically, aggregate risk is modelled through a GARCH process on …
Persistent link: https://www.econbiz.de/10011372981
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Top incomes, rising inequality, and welfare
Lansing, Kevin J.; Markiewicz, Agnieszka - 2012
Persistent link: https://www.econbiz.de/10009724349
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Existence and uniquences of equilibrium in distorted dynamic economies with capital and labor
Datta, Manjira; Mirman, Leonard J.; Reffett, Kevin L. - 1999
Persistent link: https://www.econbiz.de/10001412182
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Territorial capital and regional growth : increasing returns in cognitive knowledge use
Capello, Roberta; Caragliu, Andrea; Nijkamp, Peter - 2009
theoretically and empirically the strategic importance played by cognitive elements as part of “territorial capital” in mediating … cognitive elements as part of territorial capital magnify the contribution of knowledge by determining the formation of …
Persistent link: https://www.econbiz.de/10011378339
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Fixed costs matter
Kamphorst, Jurjen; Mendys-Kamphorst, Ewa; Westbrock, Bastian - 2018
According to standard economic wisdom, fixed costs should not matter for pricing decisions. However, outside economics …
Persistent link: https://www.econbiz.de/10011936060
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A note on a profit maximizing location model
Zhang, Shuzhong - 1997
In this paper we discuss a locational model with a profit-maximizing objective. The model can be illustrated by the followingsituation. There is a set of potential customers in a given region. A firm enters the market and wants to sell a certainproduct to this set of customers. The location and...
Persistent link: https://www.econbiz.de/10010232858
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Artificial collusion : examining supracompetitive pricing by Q-learning algorithms
Boer, Arnoud V. den; Meylahn, Janusz M.; Schinkel, … - 2022
We examine recent claims that a particular Q-learning algorithm used by competitors 'autonomously' and systematically learns to collude, resulting in supracompetitive prices and extra profits for the firms sustained by collusive equilibria. A detailed analysis of the inner workings of this...
Persistent link: https://www.econbiz.de/10013375353
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Urban transport policies : the Dutch struggle with market failures and policy failures
Rietveld, Piet - 2004
transport and biking. Special attention is paid to parking problems, and possibilities to cope with these by pricing measures …. It is demonstrated that in some cases parking externalities lead to non-convexities that make pricing policies less …
Persistent link: https://www.econbiz.de/10011342570