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Capital Depreciation and the Underdetermination of Rate of Return : A Unifying Perspective

Magni, Carlo Alberto - 2017

This paper shows that the notion of rate of return is best understood through the lens of the average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV-consistent approach based on a coherent definition of rate of return and on the notion of Chisini mean, it...

Persistent link: https://www.econbiz.de/10012962027

Uncertainty and the specificity of human capital

Gervais, Martin (contributor); Livshits, Igor (contributor); … - 2007

This paper studies the choice between general and specific human capital. A trade-off arises because general human capital, while less productive, can easily be reallocated across firms. Accordingly, the fraction of individuals with specific human capital depends on the amount of uncertainty in...

Persistent link: https://www.econbiz.de/10003641302

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the degree of uncertainty facing individual firms not...

Persistent link: https://www.econbiz.de/10011401309

Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates

Matvos, Gregor - 2018

allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … accessing external capital funds quadruples during extreme financial market dislocations, making resource allocation within … resource allocation in internal capital markets offset financial market stress during the recent financial crisis by 16% to 30 …

Persistent link: https://www.econbiz.de/10012938571

A Categorical-Generative Theory of Social Processes : About Describing a Complex, Dynamic and Contingent Pattern of Decision-Making Events

da Rocha Braga, Bruno - 2017

This paper highlights the structural and computational features of generative grammars supporting first the translation of propositions about a complex, dynamic and contingent social phenomenon into the form of patterns of sequences of decision-making events, then the refinement of such model...

Persistent link: https://www.econbiz.de/10012948220

Essays on Uncertainty and Decision-Making in Environmental Economics

Mensink, Paul - 2015

This draft PhD thesis analyzes four issues in the research field that consists of the intersection of environmental economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like cutting rainforests or emitting pollutants with long...

Persistent link: https://www.econbiz.de/10014064447

Effect of COVID-19 on Gold Market

Kumari, Manisha - 2021

Using the secondary bastions of Gold market in the COVID-19 PANDEMIC this paper aims to record the changes in the GDP … the positive relationship between Gold market and Economic growth measured as a GDP per Capita , FDI, employment and how … regression has been used for the analysis. Affirming the hypothesis, government is expecting that Gold market will affect GDP per …

Persistent link: https://www.econbiz.de/10013247366