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We examine the measurement of individual poverty in an intertemporal context. Our aim is to capture the importance of persistence in a state of poverty and we characterize a corresponding individual intertemporal poverty measure. Our first axiom requires that intertemporal poverty is identical...
Persistent link: https://www.econbiz.de/10010280203
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We examine the measurement of individual poverty in an intertemporal context. Our aim is to capture the importance of persistence in a state of poverty and we characterize a corresponding individual intertemporal poverty measure. Our first axiom requires that intertemporal poverty is identical...
Persistent link: https://www.econbiz.de/10008500391
We examine the measurement of individual poverty in an intertemporal context. In contrast to earlier contributions, we assign importance to the persistence in a state of poverty and we characterize a class of individual intertemporal poverty measures reflecting this feature. In addition, we...
Persistent link: https://www.econbiz.de/10005413397
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capital markets, since hybrid issues exist and continue existing, this article provides a review of all outstanding equity …: part one provides a brief description of some innovations in capital issuance; the second part provides a review of equity …
Persistent link: https://www.econbiz.de/10012233924
This text presents a simple contracting model that captures the role of equity as a safety valve, and shows how it can … solve problems posed by opportunists. It also shows that it is often preferable to limit equity, reserving it for use only …
Persistent link: https://www.econbiz.de/10014466772