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Kombilohn oder Mindestlohn? : eine Untersuchung anhand eines Arbeitsmarktmodells mit monopsonistischer Konkurrenz
Bleibtreu, Christopher - 2008
wird die Wirkung beider Instrumente auf die Nutzen der Arbeitnehmer und auf die gesamtwirschaftliche Wohlfahrt analysiert … können die Nutzen der Arbeitnehmer und die Beschäftigung im Vergleich zum Referenzfall ohne Eingriff erhöhen. Die Einführung … intervention serves as basing point.Minimum wages as well as wage subsidies can increase employment and the utility of the workers …
Persistent link: https://www.econbiz.de/10009471844
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Sequential Search With Ordinal Ranks and Cardinal Values: An Infinite Discounted Secretary Problem
Palley, Asa Benjamin - 2009
We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...
Persistent link: https://www.econbiz.de/10009450709
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ESSAYS IN EMPIRICAL INDUSTRIAL ORGANIZATION
Chesnes, Matthew William - 2009
of refineries partially offsets the large reduction in consumer surplus. As the theory predicts, these shocks have a …
Persistent link: https://www.econbiz.de/10009450802
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The Economics of Nuclear Power
Horst, Ronald L - 2006
We extend economic analysis of the nuclear power industry by developing and employing three tools. They are 1) compilation and unification of operating and accounting data sets for plants and sites, 2) an abstract industry model with major economic agents and features, and 3) a model of nuclear...
Persistent link: https://www.econbiz.de/10009450940
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Preference Under Risk: An Application of Nonexpected Utility Theories
Loehman, Edna T. - 1992
risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …
Persistent link: https://www.econbiz.de/10009468391
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Der Aktienanteil im Portfolio des Privatanlegers: Der Einfluss der Anlagedauer auf die strategische Asset Allokation des Investors mit konstanter relativer Risikoaversion
Klo?, Stefan - 2004
den erwarteten Nutzen des Endverm?gens bei einer Nutzenfunktion mit konstanter relativer Risikoaversion. Das Endverm … portfolio, i. e. a buy and hold strategy. He maximises the expected utility of final wealth, employing a utility function with …
Persistent link: https://www.econbiz.de/10009482336
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A primer on mathematical modelling in economics
Rai, Birendra K.; So, Chiu Ki; Nicholas, Aaron - 2010
of a utility function to motivate and describe the common patterns across mathematical concepts and results that are used …
Persistent link: https://www.econbiz.de/10009483823
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A contribution to theory of utility functions
Vaněčková, Eva - 2012
The paper deals with two specific types of utility functions displaying decision maker's risk aversion at expressing … the utility of monetary values. These functions are following: w(c) = 1 – e-x/R, u(x) = ln(x + R), where x is a monetary …
Persistent link: https://www.econbiz.de/10011316056
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Learning processes of dynamically optimizing heterogeneous agents
Gerlach, Philipp - 2011
theory tries to explain how rational expectations could be the outcome of optimising behaviour. However, in the face of …
Persistent link: https://www.econbiz.de/10009454934
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Optimal growth and uncertainty: learning
Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2009
We introduce learning in a Brock-Mirman environment and study the effect of risk generated by the planner's econometric activity on optimal consumption and investment. Here, learning introduces two sources of risk about future payoffs: structural uncertainty and uncertainty from the anticipation...
Persistent link: https://www.econbiz.de/10009440907