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Modeling labor supply through duality and the Slutsky equation

Ivanov, Ivan; Dobreva, Julia - In: International journal of economic sciences and applied … 3 (2010) 2, pp. 111-122

In the present paper an analysis of the neo-classical optimization model with linear constraints is proposed. By introducing the dual problem it is shown that the solution to the maximization problem is also a solution to the minimization problem. The purely theoretical model proposes a...

Persistent link: https://www.econbiz.de/10009958055

Network centrality and stock market volatility : the impact of communication topologies on prices

Hein, Oliver; Schwind, Michael; Spiwoks, Markus - In: Journal of finance and investment analysis 1 (2012) 1, pp. 199-232

We investigate the impact of agent communication networks on prices in an artificial stock market. Networks with different centralization measures are tested for their effect on the volatility of prices. Trading strategies diffuse through the different network topologies, mimetic contagion...

Persistent link: https://www.econbiz.de/10010079539

Dynamic speculative behaviors and mortgage bubbles in the real estate market of mainland China

Wang, Sheng - In: Journal of finance and investment analysis 1 (2012) 1, pp. 1-54

It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...

Persistent link: https://www.econbiz.de/10010079547

The future of retirement and the pension system : how the public’s expectations vary over time and across socio-economic groups

Bissonnette, Luc; Soest, Arthur van - In: IZA Journal of European Labor Studies 1 (2012), pp. 1-21

We analyze expectations of the Dutch population ages 25 and older concerning future generosity of state and … until 2012 on individuals’ subjective expectations concerning changes between now and ten or twenty years from now in the … security benefits, and the average retirement age ten or twenty years from now. We find significant variation in expectations …

Persistent link: https://www.econbiz.de/10010082266

Initial endowment effects in multi-unit vickrey auctions

Akaichi, Faical; Nayga, Rodolfo M.; Gil, José M. - In: Advances in management & applied economics 2 (2012) 4, pp. 41-55

We report the result of experiments designed to assess the effect of initial endowments on willingness to pay values …

Persistent link: https://www.econbiz.de/10010097673

La teoría de juegos conductual, el dilema del viajero alternativo y la maximización de pagos

Moro, Rodrigo; Freidin, Esteban; Tohmé, Fernando; … - In: Estudios de economía 38 (2011) 2, pp. 457-473

over more frugal alternatives. -- game theory ; experiments ; maximization ; alternative traveler’s dilemma ; goals …

Persistent link: https://www.econbiz.de/10010049042