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Layoffs, job search and labour market pooling
Kopp, Andreas - 1996
Persistent link: https://www.econbiz.de/10010275377
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Stock-dependent uncertainty and optimal resource exploitation
Stähler, Frank; Michaelis, Peter - 1996
resource extractions requires a tax rate which surmounts both the no-risk and second-best tax which tackles the problem by a …
Persistent link: https://www.econbiz.de/10010275478
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A renewal theoretic result in portfolio theory under transaction costs with multiple risky assets
Irle, Albrecht; Prelle, Claas - 2008
We consider a portfolio optimization problem in a Black-Scholes model with n stocks, in which an investor faces both fixed and proportional transaction costs. The performance of an investment strategy is measured by the average return of the corresponding portfolio over an infinite time horizon....
Persistent link: https://www.econbiz.de/10010263520
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GEM-PIA: A real-financial general equilibrium model for poverty impact analysis technical description
Wiebelt, Manfred - 2004
This paper provides a technical description of GEM-PIA, a recursive-dynamic computable General Equilibrium Model for Poverty Impact Analysis in individual countries. The model combines the optimizing behavior of CGE models with the asset portfolio behavior of macromodels, thereby addressing the...
Persistent link: https://www.econbiz.de/10010272944
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The Relationship between Bank Capital, Risk-Taking, and Capital Regulation: A Review of the Literature
Stolz, Stéphanie - 2002
liability and deposit insurance appear to give banks incentives for excessive risk-taking. Capital requirements can alleviate … this problem as banks are obliged to hold more capital which forces them to have more of their own funds at risk. But the … theoretical literature has much more to say on how banks determine their capital structure and portfolio risk and how capital …
Persistent link: https://www.econbiz.de/10010260495
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Capital Market Integration in Euroland - The Role of Banks
Buch, Claudia M. - 1999
banks as providers of informational and of risk-diversification services. By eliminating exchange rate risks, the euro … on the risk taking of banks. …
Persistent link: https://www.econbiz.de/10010260522
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Climate Policy, Technology Choice, and Multiple Equilibria in a Developing Economy
Narita, Daiju - 2010
Control of carbon dioxide emissions in developing countries is becoming a key issue in the international climate policy. A critical element for achieving substantial emission reduction in those countries is the installment of new energy technologies. Drawing on the framework of poverty-trap...
Persistent link: https://www.econbiz.de/10013139667
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Economic Optimality of CCS Use : A Resource-Economic Model
Narita, Daiju - 2010
CCS (carbon dioxide capture and storage) is an issue which has received increasing attention in the debate on climate change over the last years because of its relative technical simplicity and a large expected potential in reducing carbon dioxide emissions. The coexistence of both strong...
Persistent link: https://www.econbiz.de/10013139668
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Expectation-Driven Climate Treaties with Breakthrough Technologies
Narita, Daiju - 2014
Recent research has shown that agreements centered on the adoption of breakthrough technologies can break the deadlock in international climate negotiations if the mitigation technology exhibits a network externality that transforms full cooperation into a self-enforcing outcome. This paper...
Persistent link: https://www.econbiz.de/10013067481
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Why Donors of Foreign Aid Do Not Coordinate : The Role of Competition for Export Markets and Political Support
Fuchs, Andreas - 2015
Development assistance has been criticized for a lack of coordination between aid donors. This paper argues that competition for export markets and political support prevents donor countries from closer coordination of aid activities. To test these hypotheses, we perform logit and fractional...
Persistent link: https://www.econbiz.de/10013013681