Showing 1 - 10 of 248
Die Arbeit untersucht und vergleicht die Wirkung von Mindest- und Kombilöhnen (Lohnkostenzuschüsse und Transferzahlungen an Arbeitnehmer) in einem Arbeitsmarktmodell mit monopsonistischer Konkurrenz und freiem Marktzutritt für Firmen. Es wird die Wirkung beider Instrumente auf die Nutzen der...
Persistent link: https://www.econbiz.de/10009471844
den erwarteten Nutzen des Endverm?gens bei einer Nutzenfunktion mit konstanter relativer Risikoaversion. Das Endverm …
Persistent link: https://www.econbiz.de/10009482336
The Commission on Graduate Education in Economics had raised several concerns regarding the role of mathematics in graduate training in economics (Krueger, 1991; Colander, 1998, 2005). This paper undertakes a detailed scrutiny of the notion of a utility function to motivate and describe the common...
Persistent link: https://www.econbiz.de/10009483823
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 value and R is a constant expressing the degree of risk...
Persistent link: https://www.econbiz.de/10011316056
The trade-off between price stability and output stabilization is in the centre of monetary policy-making. This trade-off enters many macroeconomic models as the central bank is assumed to minimize some loss function consisting of inflation deviations and output deviations from some specific...
Persistent link: https://www.econbiz.de/10009476179
There has been an increasing demand for involving stakeholders in the development of sustainable civil infrastructure systems. It has been acknowledged that one key element of a project is stakeholder involvement. As such, failure to successfully involve the stakeholders of an infrastructure...
Persistent link: https://www.econbiz.de/10009477936
Este artículo analiza el problema de un planificador benevolente que desea controlar una población de agentes heterogéneos sujetos a perturbaciones idiosincrásticas. Esto es equivalente a un problema de control determinista en el que la variable de estado pertinente es la distribución de...
Persistent link: https://www.econbiz.de/10012530491
Model induction from relational data requires aggregation of values ofattributes of related entities. This paper makes … needed to learn these concepts. (2) Expanding onelevel of the hierarchy, it introduces new aggregation operators thatmodel … byclass. (3) It demonstrates empirically on a noisy business domain thatmore-complex aggregation methods can increase …
Persistent link: https://www.econbiz.de/10009435047
This paper explores the differences that can exist between individual and aggregate loss guarantees in an environment where guarantees are only provided at an aggregate level. The focus is on understanding which traffic parameters are responsible for inducing possible deviations and to what...
Persistent link: https://www.econbiz.de/10009439223
still remains significant at high levels of aggregation. Because the bias rises with disaggregation, findings of …
Persistent link: https://www.econbiz.de/10009444189