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a rate freeze on foreclosures and house prices can outweigh the negative effect of lower interest income. The owners of …
Persistent link: https://www.econbiz.de/10009471846
Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …
Persistent link: https://www.econbiz.de/10009476200
of recent developments in the distribution of wage and salary income and in key institutions and organizational … wage and salary income. The emphasis is on the United States and other advanced industrial countries, with some discussion … of the relevance of the theory and analysis to developing economies. …
Persistent link: https://www.econbiz.de/10009432539
the conditions under which the lifetime utility function takes this form, both under expected utility theory and under … rank-dependent utility theory, which is currently the most important nonexpected utility theory. If cost …
Persistent link: https://www.econbiz.de/10009447937
real terms. Ninety five per cent of the income of medical schemes was derived from membership fees. The average real growth … rate of income was 8.4 per cent, while net assets increased by only 3 per cent. An average deficit of R11.02 million …
Persistent link: https://www.econbiz.de/10009480497
economics, decision theory, the economics of sustainability and cost benefit analysis. The thesis is structured in three parts … Konsum. Im zweiten Teil der Arbeit wird ein verallgemeinertes Bewertungsmodell sowie ein neues Konzept der Risikoaversion … eingeführt. Dieses Konzept der intertemporalen Risikoaversion greift einen wichtigen Aspekt des Vorsichtsprinzips auf. Der dritte …
Persistent link: https://www.econbiz.de/10009476176
This paper investigates the role of currency denomination in the the intertemporal risk-return relation among G7 countries. Similar to the findings of previous studies, our estimation also shows that the financial markets of the G7 countries are integrated. We obtain significant pricing...
Persistent link: https://www.econbiz.de/10009440704
We study the impact of time-varying macroeconomic conditions on optimal dynamic capital structure and the aggregate dynamics of firms in a cross-section. Our structural-equilibrium framework embeds a contingent-claim corporate financing model within a standard consumption-based asset- pricing...
Persistent link: https://www.econbiz.de/10009441273
European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of …
Persistent link: https://www.econbiz.de/10009442282
optimal bid is positively related to the expected farming income and environmental benefit scores, and it is negatively …
Persistent link: https://www.econbiz.de/10009442934