Similar Search Results

Trade retaliation in a monetary-trade model

Whalley, John; Yu, Jun; Zhang, Shunming - 2009

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...

Persistent link: https://www.econbiz.de/10010264539

Folk theorems for present-biased players

Bernergård, Axel - 2011

The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive … periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction … between two or more decision makers in a way that allows present-biased discounting where the discount factor between two …

Persistent link: https://www.econbiz.de/10010281169

Strategic pricing of financial options

Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009

The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of this assumption is that price movements are not affected by actions of market participants. However, if we assume that there are indeed impacts on the price movements it no...

Persistent link: https://www.econbiz.de/10010301361

Trading off generations: Infinitely-lived agent versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010

The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...

Persistent link: https://www.econbiz.de/10010316064

Systematic discounting in climate policy analysis

Bayer, Stefan; Cansier, Dieter - 1996

We investigate the systematic intergenerational discounting of climate policy on basis of the neo-classical benefit … of human beings, a realistic discounting method would be to use an OLG-model. This method allows each living generation …

Persistent link: https://www.econbiz.de/10010435515

Trading Off Generations: Infinitely-Lived Agent Versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010

Persistent link: https://www.econbiz.de/10011753192

Trading off generations: Infinitely lived agent versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2012

The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...

Persistent link: https://www.econbiz.de/10010280972

Democratic climate policies with overlapping generations

Goussebaïle, Arnaud - 2022

An extensive climate policy literature provides various recommendations, but they are not supported democratically since the models employed consider either infinitely-lived individuals or normative social objectives (or both). In contrast, the present paper provides policy recommendations that...

Persistent link: https://www.econbiz.de/10013369429

Intergenerational discounting: A new approach

Bayer, Stefan - 1998

adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …

Persistent link: https://www.econbiz.de/10010305013

Reaching national Kyoto-targets in Germany by maintaining a sustainable development

Bayer, Stefan; Kemfert, Claudia - 2000

use a special intergenerational discounting technique which actually takes into account intergenerational peculiarities in … with a conventional discounting method. By applying this discounting technique sustainable growth paths of all economic …

Persistent link: https://www.econbiz.de/10010305082