countries. For EU countries, at the 1-year frequency, 13 % of shocks to GDP are smoothed via government consumption, 18 percent …

The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of …

and capital levels at hospitals, using optimal control under the assumption that private payers charge higher prices if … explosive growth, and that prices and capital stock grow in proportion to one another.In the second chapter, we study the flow …

This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market … imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the …

In some key respects the income versus consumption tax choice is simply misunderstood by many people, including …

This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market … imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the …