Showing 191 - 200 of 311
In this paper we will show how the patient list model in Ubøe & Lillestøl (2007) can be used to infer strength of preferences from patient list data. We prove that we can construct unique sets of preferences that replicates patient list data, and we also show how to approach cases where we...
Persistent link: https://www.econbiz.de/10005645075
The paper develops a consumption based equilibrium model, focusing on the risk premium and the risk-free interest rate. We derive testable expressions for these quantities, and confront these with sample estimates for the 20. century. Our framework is a dynamic model in continuous time, allowing...
Persistent link: https://www.econbiz.de/10005645076
We show that for international economies with two countries, in which agents have additively separable utility functions, the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This equivalence enables us to provide some new insights on the relation of the...
Persistent link: https://www.econbiz.de/10005645077
This paper gives a survey over a common aspect of prospect theory that occurred to be of importance in a series of recent papers developed by Enrico De Giorgi, Thorsten Hens, Janos Mayer, Haim Levy, Thierry Post, Marc Oliver Rieger and Mei Wang. The common aspect of these papers is that the...
Persistent link: https://www.econbiz.de/10005645078
This paper explores possible reasons for persistent spatial unemployment disparities using agent-based computational methods. The method relies on observing the actions of thousands of individuals within an artificial society. The paper models the effect of unemployment insurance, wage...
Persistent link: https://www.econbiz.de/10005645079
To produce pulp for paper production or as market pulp is a complicated on-line process with many integrated stages that impact the final quality. In the bleaching plant which is at the end of pulp production, the main objective is to increase pulp brightness within specified limits. Here...
Persistent link: https://www.econbiz.de/10005645080
In this paper we propose a modified gravity model that takes into account that a population generally consists of heterogeneous groups, and we suggest a new statistical test for heterogeneity. We apply our new model to two real world data sets, and it turns out that this new model fits the data...
Persistent link: https://www.econbiz.de/10005645081
The existence of a financial gas market motivates the analysis of gas storage as a separate asset, using the market value context for utilization and valuation. In the recent literature, gas storage is typically analysed within a framework with a simple one-factor price dynamics that is solved...
Persistent link: https://www.econbiz.de/10005645082
This paper focuses on the combined effects of loss factors and zonal pricing in a system that takes as a starting point the procedures of transmission pricing in the Norwegian power system. It interprets the notion of loss factors in an AC power flow model, and develops a method for finding...
Persistent link: https://www.econbiz.de/10005645083
Geometric representations of 3-candidate profiles are used to investigate properties of preferential election methods. The representation visualizes both the possibility to win by agenda manipulation, i.e. introducing a third and chanceless candidate in a 2-candidate race, and the possibility to...
Persistent link: https://www.econbiz.de/10005645084