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Indeterminacy of rational expectations equilibria in sequential financial markets
Donati, Paola - 2003
We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
Persistent link: https://www.econbiz.de/10009635915
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Agricultural Insurance Schemes : Final Deliverable ; Report
Maria BIELZA DIAZ-CANEJA; Costanza Giulia CONTE; Remo … - Institute for the Protection and Security of the … - 2008
This study focuses on the assessment of index tools for agricultural insurances. Index insurances basically differ from traditional agricultural insurances in that they do not refer to the actual farm losses, but to the losses evaluated from an index. This index can be, for example, some area...
Persistent link: https://www.econbiz.de/10011439188
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Optimal dynamic risk sharing when enforcement is a decision variable
Koeppl, Thorsten V. - 2003
increasing in the relative inequality between agents. …
Persistent link: https://www.econbiz.de/10009635888
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Perpetual youth and endogenous labour supply
Ascari, Guido; Rankin, Neil - 2004
In the “perpetual youth” overlapping-generations model of Blanchard and Yaari, if leisure is a “normal” good then some agents will have negative labour supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman’s utility function. The...
Persistent link: https://www.econbiz.de/10009639400
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Consumption and initial mortgage conditions
Masier, Giacomo; Villanueva, Ernesto - 2011
Economic theory predicts that the consumption path of unconstrained homeowners responds to the interest rate, while the consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit the rapid expansion of mort-gage markets...
Persistent link: https://www.econbiz.de/10009640630
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Who lost the most?
Bucher-Koenen, Tabea; Ziegelmeyer, Michael - 2011
We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are in uenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...
Persistent link: https://www.econbiz.de/10009640632
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Wealth mobility and dynamics over entire individual working life cycles
Hochguertel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10009640634
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Study on consumers’ decision making in insurance services : a behavioural economics perspective ; Final report
Suter, James (contributor); Duke, Charlotte (contributor);  … - London Economics; Ipsos; VVA Europe - 2017
involved the collection of qualitative and quantitative evidence on both demand for and supply of insurance and explored … consumers’ interest in and barriers to purchasing insurance cross-border. In particular, the experiments tested the … cross-border insurance issues, such as the provision of information to consumers, the purchasing process, and levels of …
Persistent link: https://www.econbiz.de/10012036383
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Insurance of railway undertakings
Europäische Kommission / Generaldirektion Energie und … - 2006
Persistent link: https://www.econbiz.de/10009640268