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On the Optimality of Cultural Education and Cultural Subsidies.
Champarnaud, L.; Ginsburgh, V.; Michel, P. - Groupement de Recherche en Économie Quantitative … - 1999
, lead to proosible reductions subsidies. We construct an overlapping generations model in which young consumers are exposed …
Persistent link: https://www.econbiz.de/10005669420
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Temporary Bubbles in an Economy with Under-Accumulation.
Michel, P.; Wigniolle, B. - Centre de recherche de mathématiques et économie … - 2000
This paper studies the equilibrium dynamics of an overlapping generations model with capital, money and cash …
Persistent link: https://www.econbiz.de/10005776521
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Overlapping Generations Economies and Symmetrical Economies under Extrinsic Uncertainty
Davila, J. - Departament d'Economia i Història Econòmica, … - 1998
The stationary structure of the simple overlapping generations economies is used to try to extend to the case with …
Persistent link: https://www.econbiz.de/10005168444
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Time Reversibility and Extrinsic Uncertainty in Overlapping Generations Economies
Davila, J. - Departament d'Economia i Història Econòmica, … - 1998
asymmetries - with respect to the direction in which time flows - in the set of equilibria of simple overlapping generations …
Persistent link: https://www.econbiz.de/10005168501
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Human Capital Formation, Income Inequality and Growth.
Viaene, J.-M.; Zilcha, I. - Foerder Institute for Economic Research, Eitan Berglas … - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy with …
Persistent link: https://www.econbiz.de/10005675357
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Some Contributions of Economics to the Study of Personality
Heckman, James J.; Jagelka, Tomás; Kautz, Tim - 2019
personality skills and preferences. They predict and cause important life outcomes such as wages, health, and longevity. Skills … analysis of human differences by providing anchored measures of economic preferences and studying their links to personality … skills and preferences required to characterize essential differences. …
Persistent link: https://www.econbiz.de/10012179946
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Some contributions of economics to the study of personality
Heckman, James J.; Jagelka, Tomáš; Kautz, Tim - 2019
personality skills and preferences. They predict and cause important life outcomes such as wages, health, and longevity. Skills … analysis of human differences by providing anchored measures of economic preferences and studying their links to personality … skills and preferences required to characterize essential differences. …
Persistent link: https://www.econbiz.de/10012136850
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Sustained positive consumption in a model of stochastic growth: The role of risk aversion
Mitra, Tapan; Roy, Santanu - 2010
An intriguing problem in stochastic growth theory is as follows: even when the return on investment is arbitrarily high near zero and discounting is arbitrarily mild, long run capital and consumption may be arbitrarily close to zero with probability one. In a convex one-sector model of optimal...
Persistent link: https://www.econbiz.de/10010292079
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Individual learning about consumption
Allen, Todd W.; Carroll, Christopher D. - 2001
The standard approach to modelling consumption/saving problems is to assume that the decisionmaker is solving a dynamic stochastic optimization problem However under realistic descriptions of utility and uncertainty the optimal consumption/saving decision is so difficult that only recently...
Persistent link: https://www.econbiz.de/10010293482
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The method of endogenous gridpoints for solving dynamic stochastic optimization problems
Carroll, Christopher D. - 2005
This paper introduces a method for solving numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided.
Persistent link: https://www.econbiz.de/10010293486