Showing 191 - 200 of 205
We study the optimal management of evolving hierarchies, which abound in real-life phenomena. An initiator invests into finding a subordinate, who will bring revenues to the joint venture and who will invest herself into finding another subordinate, and so on. The higher the individual...
Persistent link: https://www.econbiz.de/10012023920
Persistent link: https://www.econbiz.de/10013367353
Persistent link: https://www.econbiz.de/10013367355
Persistent link: https://www.econbiz.de/10013371208
Persistent link: https://www.econbiz.de/10014328681
Persistent link: https://www.econbiz.de/10014314803
Persistent link: https://www.econbiz.de/10011710153
Persistent link: https://www.econbiz.de/10007634344
Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if...
Persistent link: https://www.econbiz.de/10013126693
Quality-adjusted life year (QALY) models are widely used for economic evaluation in the health care sector. In the first part of the paper, we establish an overview of QALY models where health varies over time and provide a theoretical analysis of model identification and parameter estimation...
Persistent link: https://www.econbiz.de/10014059126