Showing 21 - 30 of 899
We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We study the case of constant relative risk aversion (of some order) to investigate on different equivalence relations in order to determine the, possibly infinite, number of equivalence...
Persistent link: https://www.econbiz.de/10003379506
Ein Thema, das in der jüngeren außenwirtschaftlichen Literatur zunehmend Beachtung findet, ist die Wahl der Währung, in der internationale Handelstransaktionen abgerechnet (fakturiert) werden. Es geht um die Frage, ob ein international tätiges Unternehmen den Preis für Güter oder...
Persistent link: https://www.econbiz.de/10003474394
Persistent link: https://www.econbiz.de/10003934267
This paper considers a model of spatial allocation of investment capital under uncertainty. We demonstrate that the spatial concentration of economic activity depends upon properties of risk preferences deeper than risk aversion. The degree of so-called relative prudence unambiguously decides...
Persistent link: https://www.econbiz.de/10003971025
Persistent link: https://www.econbiz.de/10008859412
Persistent link: https://www.econbiz.de/10003958585
Persistent link: https://www.econbiz.de/10008647477
Persistent link: https://www.econbiz.de/10003607007
In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms' preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital...
Persistent link: https://www.econbiz.de/10003581746
Persistent link: https://www.econbiz.de/10003596509