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Happiness and the persistence of income shocks : conference paper

Bayer, Christian; Jüßen, Falko - 2013 - This version: March 1, 2013

We reassess the empirical effects of income and employment on self-reported well-being. Our analysis makes use of a two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...

Persistent link: https://www.econbiz.de/10010339956

Inequality and the marriage gap : conference paper

Siassi, Nawid - 2014

Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality ignore the role of the family. This paper documents that the cross-sectional distributions of earnings and wealth display a high degree of concentration, even when disaggregated...

Persistent link: https://www.econbiz.de/10010489954

Public versus private provision of liquidity : is there a trade-off ; conference paper

Röhrs, Sigrid; Winter, Christoph - 2014

Many researchers have recommended to increase public debt in the aftermath of the financial crisis in order to relax borrowing constraints for private households. This advice is based on the common assumption that borrowing conditions of private agents are exogenous to public policy. We study...

Persistent link: https://www.econbiz.de/10010484762

The long and short of financing government spending

Mankart, Jochen; Priftis, Romanos; Oikonomou, Rigas - International Research Conference on Household … - 2022

This paper shows that debt-financed fiscal multipliers vary depending on the maturity of debt issued to finance spending. Utilizing state-dependent SVAR models and local projections for post-war US data, we show that a fiscal expansion financed with short term debt increases output more than one...

Persistent link: https://www.econbiz.de/10013443719

Financial futures : [Gemeinschaftsseminar Österr. Länderbank AG ..., 9./10. Oktober 1984]

Bühler, Wilhelm; Feuchtmüller, Wolfgang; Vogel, Michael E. - 1985

Persistent link: https://www.econbiz.de/10000686095

Coherent price systems and uncertainty-neutral valuation : conference paper

Beißner, Patrick - 2013 - This version: 28 February, 2013

We consider fundamental questions of arbitrage pricing arising when the uncertainty model incorporates volatility … uncertainty. With a standard probabilistic model, essential equivalence between the absence of arbitrage and the existence of an … martingale measure sets, in a dynamic trading framework under absence of prior depending arbitrage. We prove the existence of …

Persistent link: https://www.econbiz.de/10010338399

New options instruments : arbitrageable linkages and valuation

Stoll, Hans R. - In: Geld, Banken und Versicherungen : Beiträge zum ... … 3 (1985) 2, pp. 1067-1076

Persistent link: https://www.econbiz.de/10001009777

Aktuarielle Immunisierung bei Arbitrage-Modellen für die Zinsstruktur

Albrecht, Peter - In: Geld, Banken und Versicherungen : Beiträge zum ... … 3 (1985) 2, pp. 1177-1187

Persistent link: https://www.econbiz.de/10001011190

Comparative arbitration practice and public policy in arbitration : [8th International Arbitration Congress, New York, 6. - 9. May 1986]

Sanders, Pieter (ed.) - 1987

Persistent link: https://www.econbiz.de/10000735138

The value of information in asymmetric all-pay auctions : conference paper

Seel, Christian - 2013 - This version: November 12, 2012

This paper analyzes a two-player all-pay auction with incomplete information. More precisely, one bidder is uncertain about the size of the initial advantage of his rival modeled as a head start in the auction. I derive the unique Bayesian Nash equilibrium outcome for a large class of cumulative...

Persistent link: https://www.econbiz.de/10010339410