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Capital Budgeting with Taxes under Uncertainty and Irreversibility / Investitionsplanung mit Steuern bei Unsicherheit und Irreversibilität

Niemann, Rainer; Sureth, Caren - In: Jahrbücher für Nationalökonomie und Statistik 225 (2005) 1, pp. 77-95

irreversiblen Investitionen unter Risikoneutralität und Risikoaversion. Durch Integration der Besteuerung in realoptionsbasierte … Risikoneutralität zu identischen Investitionsentscheidungen führen. Unter Risikoaversion dagegen benötigt contingent claims analysis ein … Programmierung als Individualkalkül auch unter Risikoaversion zumindest im steuerfreien Fall explizite Lösungen. Nach Steuern liefern …

Persistent link: https://www.econbiz.de/10014609028

Time consistency for scalar multivariate risk measures

Feinstein, Zachary; Rudloff, Birgit - In: Statistics & Risk Modeling 38 (2022) 3-4, pp. 71-90

Abstract In this paper we present results on dynamic multivariate scalar risk measures, which arise in markets with transaction costs and systemic risk. Dual representations of such risk measures are presented. These are then used to obtain the main results of this paper on time consistency;...

Persistent link: https://www.econbiz.de/10014621279

The Role of Government Commitment for Environmental Policy and Capital Movements

Marsiliani, Laura; Renström, Thomas I - In: The B.E. Journal of Macroeconomics 6 (2007) 3

This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...

Persistent link: https://www.econbiz.de/10014588387

Denial of Death and Economic Behavior

Kopczuk, Wojciech; Slemrod, Joel - In: The B.E. Journal of Theoretical Economics 5 (2005) 1

We model denial of death and its effect on economic behavior. Attempts to reduce death anxiety and the possibility of denial of mortality-relevant information interact with intertemporal choices and may lead to time-inconsistent behavior and other behavioral phenomena. In the model,...

Persistent link: https://www.econbiz.de/10014588996

The Formation of Inflation Expectations under Changing Inflation Regimes

Dahl, Christian M.; Hansen, Niels L. - In: Studies in Nonlinear Dynamics & Econometrics 4 (2001) 4

The present article offers a careful description of empirical identification of possible multiple changes in regime. We apply recently developed tools designed to select among regime-switching models among a broad class of linear and nonlinear regression models and provide a discussion of the...

Persistent link: https://www.econbiz.de/10014620835

Inflation expectations, economic policy ambiguity and micro-level consumer behavior

Abaidoo, Rexford - In: Journal of Financial Economic Policy 8 (2016) 3, pp. 377-395

Purpose This paper aims to augment existing literature by examining how specific macroeconomic conditions (economic policy uncertainty and inflation expectations) influence micro-level (instead of macro-level) behavioral dynamics exhibited by the average consumer. Design/methodology/approach...

Persistent link: https://www.econbiz.de/10014867206

Risk measurement with equivalent utility principles

Denuit, Michel; Dhaene, Jan; Goovaerts, Marc; Kaas, Rob; … - In: Statistics & Risk Modeling 24 (2006) 1, pp. 1-25

SUMMARY Risk measures have been studied for several decades in the actuarial literature, where they appeared under the guise of premium calculation principles. Risk measures and properties that risk measures should satisfy have recently received considerable attention in the financial...

Persistent link: https://www.econbiz.de/10014621319

Introducing inventory credit into Nigerien agriculture: improving technology diffusion

Baquedano, Felix G.; Sanders, John H. - In: Agricultural Finance Review 66 (2006) 2, pp. 297-314

A critical component of agriculture in developing countries is increasing soil fertility in response to depleted soils and declining crop yields. An inventory credit program was introduced in western Niger to generate savings for farmers’ groups to facilitate the purchase of inorganic...

Persistent link: https://www.econbiz.de/10014667215

Using farm consumption data to estimate the intertemporal elasticity of substitution and relative risk aversion coefficients

Abdulkadri, Abdullahi O.; Langemeier, Michael R. - In: Agricultural Finance Review 60 (2000) 1, pp. 61-70

A farm household consumption model based on the life‐cycle permanent income hypothesis (LPIH) has been specified and the Euler equations derived in this analysis. Estimation of the of the Euler equations using farm household consumption data provided estimates for the intertemporal elasticity...

Persistent link: https://www.econbiz.de/10014667259

How Australian farmers deal with risk

Khuu, Amy; Juerg Weber, Ernst - In: Agricultural Finance Review 73 (2013) 2, pp. 345-357

Purpose – In Australia broadacre crops can be insured against hail and fire damage and some other perils but not against losses caused by drought, flood or frost. The purpose of this paper is to investigate the private provision of crop insurance in Western Australia....

Persistent link: https://www.econbiz.de/10014667635