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Heterogeneous Fundamentalists and Imitative Processes

Naimzada, Ahmad; Ricchiuti, Giorgio - Dipartimento di Economia, Metodi Quantitativi e … - 2006

Developing a model with a switching mechanism, we show how complex dynamics can be generated even though heterogeneity arises among agents with the same trading rules (fundamentalists). We assume that there are two experts which are imitated by other operators. We show that (i) market...

Persistent link: https://www.econbiz.de/10005685709

Le Processus d’Investissement En Présence Du Risque : Quel Enchainement Suivre ?

Chiny, Faycal - 2013

In a world characterized by the occurrence of uncontrollable and extreme events investors are often required to make decisions on the basis of the available information. The challenge they face is how to manipulate these information sets in order to get what can lead them to the optimal...

Persistent link: https://www.econbiz.de/10015240284

L'utilisation des produits dérivés et les caractéristiques financières des entreprises : le cas français.

Mefteh, Salma - Université Paris-Dauphine - 2005

Cet article examine empiriquement les déterminants de l’utilisation des produits dérivés par un échantillon de sociétés non financières françaises. Les résultats des tests font apparaître le levier (le proxy des coûts de la détresse financière), le rendement des dividendes, la...

Persistent link: https://www.econbiz.de/10008532479

Les scores de la Banque de France : leur développement, leurs applications, leur maintenance.

BARDOS, M. - In: Bulletin de la Banque de France (2005) 144, pp. 63-73

Persistent link: https://www.econbiz.de/10009275652

Risk versus ambiguity and international security design

Hill, Brian; Michalski, Tomasz - 2015

investors exhibit ambiguity aversion and perceive ambiguity in assets issued in foreign locations. Increases in the variance of …' perceived ambiguity have the opposite effect, and lead to less risk-sharing. Entrepreneurs from capital-scarce countries finance … ambiguity, that is, when investors only perceive risk. New facts uncovered from cross-country firm-level data are consistent …

Persistent link: https://www.econbiz.de/10010496775

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Théorème de la Diversification Industrielle en République Démocratique du Congo : Une Analyse Théorique et Mathématique

ASIANI, Freddy - 2024

The Democratic Republic of Congo (DRC) is endowed with vast natural resources, including cobalt, copper, and diamonds. Despite this wealth, the country struggles with economic challenges, notably high poverty rates and instability. This paper introduces the Theorem of Industrial Diversification...

Persistent link: https://www.econbiz.de/10015213728

Hybrid Model Construction for Integrating Climate Risks into Côte d'Ivoire's Economic Policy: Theoretical Approach and Management Strategies

Dayoro, Donatien - 2024

This study develops a hybrid model to integrate climate risks into Côte d'Ivoire’s economic policy, drawing on the work of economists like Keynes, Ostrom, Stiglitz, Sen, and Nordhaus. The model combines decentralized governance, climate risk externalities, and capacity building to address the...

Persistent link: https://www.econbiz.de/10015214566

Un modèle d’analyse de la modification structurelle des investissements par stades de développement économique

Albu, Lucian-Liviu - 1986

Empirical data show during the historical process of economic development profound structural changes in economy. One of the most important movements is from stages where the so-called tangible investments are predominant to those where intangible investments become predominant. Applying some...

Persistent link: https://www.econbiz.de/10015215986

Préserver l’Économie à l’Ere de la COVID-19 : Une Pensée Optimale à la Fujita

PINSHI, Christian P. - 2020

This paper attempts to answer the optimal question, that of decelerating the spread of COVID-19 without damaging the economy. Proceeding through standard thinking of dynamic optimization theory à la Fujita, we believe that workers need to come into contact with other workers less and less,...

Persistent link: https://www.econbiz.de/10015229415

Offre optimale de liquidité bancaire par la Banque Centrale : une approche microéconomique

TINANG NZESSEU, Jules Valery - 2012

The excess liquidity of commercial banks is very often mentioned in the CEMAC as one of the limits of monetary policy implementation by BEAC. In this paper, we tried to address excess reserves in the CEMAC banking system looking from the point of view of commercial banks. Indeed, commercial...

Persistent link: https://www.econbiz.de/10015231387