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exponential utility allows us to derive an explicit relationship between optimal money holdings, the household?s desire to tilt …, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …
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the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …
Persistent link: https://www.econbiz.de/10012195738
. The most salient difficulties relate to the multidimensionality and dynamics on both levels. Confronted to these …
Persistent link: https://www.econbiz.de/10010307923
interaction between the dynamics of ecosystems and the economy. The notion of stocks is formulated in a general manner based on …
Persistent link: https://www.econbiz.de/10011422104
In this paper we compare the patterns of trade and financial integration by exploiting network analysis. Our results show that, by combining binary and weighted network analysis, it is possible to deliver more precise and thorough insights on the topological structure and properties of the...
Persistent link: https://www.econbiz.de/10010328391
The amount of cooperation needed to improve the welfare of signatories of International Environmental Agreements (IEAs), in the presence of market imperfections, depends on the characteristics of pollution. In a dynamic model, the conventional wisdom on the effect of free-riding needs to be...
Persistent link: https://www.econbiz.de/10011608372
participation, access to public services and more. This paper studies the dynamics of minority exclusion. From the viewpoint of the … analysis also has implications for immigration policies which have to take this group dynamics into account. …
Persistent link: https://www.econbiz.de/10010261847
WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs ceilings, i.e. tariff rates that no exporter may ever actually be confronted with, generate market access? The answer to this question relates to the effects of tariff bindings on...
Persistent link: https://www.econbiz.de/10010276621