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On the origin of r-concavity and related concepts

Balogh, Tamás L.; Ewerhart, Christian - 2015

In a less widely known contribution, Béla Martos (1966, Hungarian Academy of Sciences) introduced a generalized notion of concavity that is closely related to what is nowadays known as r-concavity in the operations research literature, and that is identical to what is nowadays known as...

Persistent link: https://www.econbiz.de/10010486881

On The Concentration of Large Deviations for Fat Tailed Distributions, With Application to Financial Data

Filiasi, Mario - 2014

Large deviations for fat tailed distributions, i.e. those that decay slower than exponential, are not only relatively likely, but they also occur in a rather peculiar way where a finite fraction of the whole sample deviation is concentrated on a single variable. The regime of large deviations is...

Persistent link: https://www.econbiz.de/10013066844

Tax Efficiency of Minority Investment Portfolios

White, Kenneth - 2017

In this study we use the 2010-2013 Survey of Consumer Finances to analyze the allocation and location of financial assets in categorizing the tax-efficiency of investment portfolios by race/ethnicity. We find that Blacks and Hispanics tend to be more tax-efficient since they invest largely...

Persistent link: https://www.econbiz.de/10012946165

Reconsidering Creditor Governance in a Time of Financial Alchemy

McClane, Jeremy - 2021

contributing to firm governance. However, lenders’ influence has receded in recent years for a large and important class of …. Recent data suggests that creditor governance is waning at a moment when U.S. corporations carry more debt than at any time … of the change in creditor corporate governance and its implications. It shows how the diminishment of lenders’ role in …

Persistent link: https://www.econbiz.de/10013211233

A brief note concerning Hayek's non-standard conception of knowledge

Scheall, Scott - 2018

Whatever F.A. Hayek meant by "knowledge" could not have been the justified true belief conception common in the Western intellectual tradition from at least the time of Plato onward. In this brief note, I aim to uncover and succinctly state Hayek's unique definition of knowledge.

Persistent link: https://www.econbiz.de/10011950203

On the Term 'Entrepreneur' and the Conceptualization of Entrepreneurship in the Literature of Classical Economics

Jonsson, Petur O. - 2017

Some of the literature on entrepreneurship suggests that the term entrepreneur was first introduced by either Cantillon or Say during the industrial revolution in the 18th and early 19th centuries. This article, by contrast, shows the term and the concept to be far older. Moreover, before the...

Persistent link: https://www.econbiz.de/10012947416

The relationship between relative risk aversion and the level of education : a survey and implications for the demand for life insurance

Outreville, J. François - In: Journal of economic surveys 29 (2015) 1, pp. 97-111

Persistent link: https://www.econbiz.de/10011381838

A dynamical systems approach to modeling human development

Ranganathan, Shyam; Swain, Ranjula Bali; Sumpter, David … - 2014

A key aim of economics is to set goals and investigate the relationship between various socio-economic indicators. By fitting time series data using a Bayesian dynamical systems approach we identify non-linear interactions between GDP, child mortality, fertility rate and female education. We...

Persistent link: https://www.econbiz.de/10010425735

Risk aversion, risk behavior, and demand for insurance : a survey

Outreville, J. François - In: The journal of insurance issues : official journal of … 37 (2014) 2, pp. 158-186

Persistent link: https://www.econbiz.de/10010457518

Konzepte der Wohlfahrtsentwicklung : Lebensqualität und "neue" Wohlfahrtskonzepte

Noll, Heinz-Herbert - 2000

Persistent link: https://www.econbiz.de/10001459779

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