Showing 1 - 10 of 459
Using a parsimonious, analytically tractable dynamic model, we are able to explain up to 100 years of the available data on the dynamics of top-wealth shares for several countries. We build a micro-founded model of heterogeneous agents in which - in addition to stochastic returns on investment -...
Persistent link: https://www.econbiz.de/10013208788
The solutions of a macroeconometricmodel with expectations of future-dated variables has to be approximated by numerical simulations. A brief review of deterministic and stochastic dynamic simulations of a backward-looking model is followed by a conceptual presentation of methods for dynamic...
Persistent link: https://www.econbiz.de/10012143587
This study is an empirical investigation of how individual risk attitudes influence the agricultural productivity of …-economic factors, the results show that as the female farmers' increase risk taking, the productivity of female-owned plots goes down … female farmers do not increase their plot yield by taking more risk. It is argued that agricultural policy interventions in …
Persistent link: https://www.econbiz.de/10012013525
This study analyzes how risk attitudes influence the agricultural productivity of men and women in a subSaharan African … increase risk taking, the productivity of female-owned plots goes down. The study controls for various socio-economic factors …
Persistent link: https://www.econbiz.de/10014318982
In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors in the network benefit from each other's action levels through local complementarities and there exists a global interaction effect reflecting a strategic substitutability in...
Persistent link: https://www.econbiz.de/10011663176
Large scale Bayesian model averaging and variable selection exercises present, despite the great increase in desktop computing power, considerable computational challenges. Due to the large scale it is impossible to evaluate all possible models and estimates of posterior probabilities are...
Persistent link: https://www.econbiz.de/10012654323
dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …
Persistent link: https://www.econbiz.de/10011928002
proposing a novel news media-based measure of climate change transition risk and show that when such risk is high, major …
Persistent link: https://www.econbiz.de/10012661572
willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
used as a proxy for changes in accident risk. The results are analysed in the light of an earlier study on transports of …
Persistent link: https://www.econbiz.de/10013208485