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Circuit theory extended: The role of speculation in crises

Lancastle, Neil - 2012

This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry … Profits, 2010) and the Theory of the Monetary Circuit to give a mathematical representation of Minsky's Financial Instability …

Persistent link: https://www.econbiz.de/10010309299

Energieeffizienzpotenziale und staatlicher Lenkungsbedarf

Dobroschke, Stephan - 2012

Die langfristigen Klimaschutzziele sehen bis zum Jahr 2020 im Vergleich zu 2008 eine Senkung des Primärenergieverbrauchs um 20% vor, bis zum Jahr 2050 wird eine Senkung um 50% angestrebt. Zur Erreichung dieser Ziele stehen zunehmend Maßnahmen zur Steigerung nachfrageseitiger Energieeffizienz...

Persistent link: https://www.econbiz.de/10010309486

Interactions in the New Keynesian DSGE models: The Boltzmann-Gibbs machine and social networks approach

Chen, Shu-heng; Chang, Chia-ling - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-26, pp. 1-32

The BoltzmannGibbs distribution is currently widely used in economic modeling. One of the applications is integrated with the DSGE (Dynamic Stochastic General Equilibrium) model. However, a question that arises concerns whether the BoltzmannGibbs distribution can be directly applied, without...

Persistent link: https://www.econbiz.de/10010309601

Fund managers - Why the best might be the worst: On the evolutionary vigor of risk-seeking behavior

Witte, Björn-Christopher - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-24, pp. 1-29

This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences … capital invested in a risky asset and the amount of excessive risk accepted, where a positive value of the latter parameter … conditions on investment behavior and attitudes towards risk is significant. What is alarming is that intense competitive …

Persistent link: https://www.econbiz.de/10010309602

Psychophysical interpretation for utility measures

He, Yuqing - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-29, pp. 1-35

the description of commodity choice and the power law for risk choice. The further mathematical demonstration indicates …

Persistent link: https://www.econbiz.de/10010309604

Debt, deleveraging and business cycles: An agent-based perspective

Raberto, Marco; Teglio, Andrea; Cincotti, Silvano - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-27, pp. 1-49

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into account debt as one of the crucial determinants of...

Persistent link: https://www.econbiz.de/10010309605

Heterogeneous skills and homogeneous land: Segmentation and agglomeration

Wrede, Matthias - 2012

This paper analyzes the effect of skill heterogeneity on regional patterns of production and housing in the presence of pecuniary externalities within a general-equilibrium framework, assuming monopolistic competition in intermediate goods markets. It shows that the interplay of heterogeneous...

Persistent link: https://www.econbiz.de/10010309608

Which mode of funding developing countries' climate policies under the post-Kyoto framework?

Heuson, Clemens; Peters, Wolfgang; Schwarze, Reimund; … - 2012

Funding developing countries' climate policies after Cancun (COP16) has a dual goal: firstly, to support mitigation of developing countries in order to sustain the two-degree pathway of stabilising the global mean temperature; secondly, to empower the vulnerable countries in low-income regions to...

Persistent link: https://www.econbiz.de/10010309610

Migration networks as a response to financial constraints: Onset and endogenous dynamics

Stark, Oded; Jakubek, Marcin - 2012

network. When the risk involved in participating in a cooperation agreement is incorporated, the propensity to enter an …

Persistent link: https://www.econbiz.de/10010309611

On the (im)possibility of improving upon the student-proposing deferred acceptance mechanism

Kesten, Onur; Kurino, Morimitsu - 2012

-proposing deferred acceptance mechanism (DA) has played a central role not only in theory but also in important practical applications …-proposing deferred acceptance-Mechanismus (DA) spielt eine zentrale Rolle nicht nur in der Theorie sondern auch in wichtigen praktischen …

Persistent link: https://www.econbiz.de/10010309612