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We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in … investment in technology on future stock. Although the characterization of a dynamic game with Bayesian dynamics (and without the … limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …
Persistent link: https://www.econbiz.de/10010759868
Securitisation is growing at a moderate pace in France. With total outstanding securitised assets of EUR 215 billion at mid-2013, France ranks fifth in the euro area. The majority of securitised assets are loans to French residents. Securitisation has facilitated banks’ access to Eurosystem...
Persistent link: https://www.econbiz.de/10010760463
The difficult business environment that prevailed in 2012 adversely affected small and medium-sized enterprises (SMEs …
Persistent link: https://www.econbiz.de/10010760465
In 2012, disparities were observed among the financial positions of French firms. Activity slowed down, profits fell and the rise in equity was smaller than in 2011. Nevertheless, firms’ financial structures improved and their cash position reached a 15-year high.
Persistent link: https://www.econbiz.de/10010760466
increase in farmers� investment in irrigation is essential. While Nigerian farmers� low level of investment in irrigation … an investment. Although reducing transaction costs is important because the reduction provides farmers with a more … enabling environment, transaction costs are often unobservable and little is known about what factors contribute to them. This …
Persistent link: https://www.econbiz.de/10010762150
In investment appraisal, uncertainty can be managed through intervals or fuzzy numbers because the arithmetical …
Persistent link: https://www.econbiz.de/10010762973
environment. In this example it is shown how the usual procedure for evaluating a project (i.e., assuming constant prices or … constant dollars and a deflated or real rate of discount) could give an inappropriate investment recommendation. Situation …
Persistent link: https://www.econbiz.de/10010763011
RESUMENEl trabajo constituye una crítica al corazón de la teoría neoclásica, soporte ideológico de las argumentaciones neoliberales, cuya conexión, con el actual estado del arte de la enseñanza mundial de la economía, es evidente, bajo supuestos del funcionamiento armónico del...
Persistent link: https://www.econbiz.de/10010763092
of capital for the Colombian economy in 1990-2007. Then, this calculation is contrasted with the dynamic of investment in … the same period. It is found that the relation between investment and use cost of capital is very narrow, and it is proved … that the large growth of investment in the last periods is associated with low and stable levels of the use cost of capital …
Persistent link: https://www.econbiz.de/10010763173
beenvery important. The experience of the past 1980 globalizers show thatthe increasing international trade can have great … benefits, measured interms of employment, investment and economic growth, falling povertyand enabling some nations to catch up …
Persistent link: https://www.econbiz.de/10010763355