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In this paper we study games where the space of player types is atomless, action spaces are second countable, and …
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New iterative separable programming techniques based on two-segment, piecewise-linear approximations are described for … the minimization of convex separable functions over convex sets. These techniques have two advantages over traditional … separable programming methods. The first is that they do not require the cumbersome "fine grid" approximations employed to …
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Let X be a set of states, and let I be an infinite indexing set. Our first main result states that any separable …
Persistent link: https://www.econbiz.de/10008805853
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
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We non-parametrically test a general collective consumption model with public consumption and externalities inside the household. We further propose a novel approach to model special cases of the general collective model. These special cases include alternative restrictions on the 'sharing rule'...
Persistent link: https://www.econbiz.de/10005822055