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show how lotteries as in Rogerson (1988) can again be used to convexify consumption sets, and aggregation over individual …
Persistent link: https://www.econbiz.de/10011538840
show how lotteries as in Rogerson (1988) can again be used to convexify consumption sets, and aggregation over individual …
Persistent link: https://www.econbiz.de/10011498647
show how lotteries as in Rogerson (1988) can again be used to convexify consumption sets, and aggregation over individual …
Persistent link: https://www.econbiz.de/10011490492
This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex market-sector employment and informal sector work. In contrast to Vasilev (2016a), the discrete-continuous labor supply decision in this paper is a sequential one, and instead of home production, we...
Persistent link: https://www.econbiz.de/10011762754
This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex market-sector employment and informal sector work. In contrast to Vasilev (2016a), the discrete-continuous labor supply decision in this paper is a sequential one, and instead of home production, we...
Persistent link: https://www.econbiz.de/10011729588
This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex market-sector employment and informal sector work. In contrast to Vasilev (2016a), the discrete-continuous labor supply decision in this paper is a sequential one, and instead of home production, we...
Persistent link: https://www.econbiz.de/10011771568
unobservable effort and incentive ("fair") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented … function used for the aggregate household. We show how lotteries as in Rogerson (1988) can be used to convexify consumption …
Persistent link: https://www.econbiz.de/10011946922
feature consumption habits. We show how lotteries as in Rogerson (1988) can again be used to convexify consumption sets, and …
Persistent link: https://www.econbiz.de/10012292236
in labor relations ("gift exchange") a la Danthine and Kurmann (2010), and explicitly perform the aggregation presented … expected utility functions used for the aggregate household. We show how lotteries as in Rogerson (1988) can be used to …
Persistent link: https://www.econbiz.de/10011731453
addition, the paper and explicitly performs the aggregation presented in Vasilev (2017) without a formal proof, and thus …. We show how lotteries as in Rogerson (1988) can be used to convexify consumption sets, and aggregate over individual …
Persistent link: https://www.econbiz.de/10011738700