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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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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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Top incomes, rising inequality, and welfare
Lansing, Kevin J.; Markiewicz, Agnieszka - 2012
Persistent link: https://www.econbiz.de/10009724349
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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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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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From overt to tacit collusion
Hinloopen, Jeroen; Soetevent, Adriaan - 2008
Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal price discussions is the only way for subjects to avoid...
Persistent link: https://www.econbiz.de/10011376529
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On the effects of suggested prices in gasoline markets
Faber, Riemer P.; Janssen, Maarten C. W. - 2008 - This Version November 17, 2008
This article analyzes the role of suggested prices in the Dutch retail market for gasoline. Suggested prices are announced by large oil companies with the suggestion that retailers follow them. There are at least two competing rationales for the existence of suggested prices: they may either...
Persistent link: https://www.econbiz.de/10011377385
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Auctions as collusion devices
Janssen, Maarten C. W. - 2003
profits of the cooperative market outcome and follow acooperative pricing strategy in the market game resulting in high prices. …
Persistent link: https://www.econbiz.de/10011333269