Results 121 to 130 of about 12,050,315 (258)

Longevity, Health, and Housing Risk Management in Retirement

The Journal of Finance, EarlyView.
ABSTRACT Annuities, long‐term care insurance, and reverse mortgages remain puzzlingly unpopular to manage post‐retirement longevity, health, and housing price risks. We use a flexible life‐cycle model structurally estimated with a unique stated‐preference survey experiment of Canadian households to understand why. Key factors include high risk aversion,
PIERRE‐CARL MICHAUD, PASCAL ST‐AMOUR
wiley   +1 more source

Cobb-Douglas Production Function. A Literature Review

Economía y Negocios, 2023
Para la ciencia económica, el análisis de la función de producción es una práctica generalizada, ya que se la aborda desde el punto de vista microeconómico con el análisis de la teoría de la producción y también desde la perspectiva macroeconómica para explicar en qué medida los cambios en los factores de producción determinan el producto.
Mejía-Matute, Silvia Raquel, Pinos-Luzuriaga, Luis Gabriel, Tonon-Ordóñez, Luis Bernardo   +2 more
openaire   +1 more source

The normalized CES production function: theory and empirics [PDF]

The elasticity of substitution between capital and labor and, in turn, the direction of technical change are critical parameters in many fields of economics.
Willman, Alpo, Klump, Rainer, McAdam, Peter   +2 more
core  

A Unified Approach to Estimating Production Functions: Proxy Variables and Dynamic Panel Data

The Journal of Industrial Economics, EarlyView.
ABSTRACT We propose a new approach to production function estimation that integrates the strengths of the proxy‐variable (PV) and dynamic panel data (DPD) methods. Our framework augments the set of instruments for the level equation in Blundell and Bond [8] with a Berkson‐type instrument motivated by economic theory, following Olley and Pakes [28 ...
Jose Miguel Abito, Konstantinos Metaxoglou   +1 more
wiley   +1 more source

Output Maximization of an Agency [PDF]

Considering Cobb-Douglas function in three variables as an explicit form of production function, in this paper an attempt has been made to maximize an output subject to a budget constraint, using Lagrange multipliers technique, as well as necessary and ...
Haradhan Kumar Mohajan, Jamal Nazrul Islam, Pahlaj Moolio   +2 more
core  

Harnessing Star Power: The Distinct Effects of Star Inventors on Radical and Incremental Innovation

Journal of Management Studies, EarlyView.
Abstract Star inventors are highly valuable resources, offering scarce knowledge and expertise that significantly enhance a firm's innovation performance. Beyond their expertise, what sets star inventors apart is their star status – a role that prescribes them high positions in organizational hierarchy and the power to steer resource allocation within ...
Murod Aliyev, Hyungseok David Yoon
wiley   +1 more source

Cobb-Douglas production function revisited, VAR and VECM analysis and a note on Fischer/Cobb-Douglass paradox [PDF]

Cobb-Douglas production function is a basic function in growth models. The modeling in this paper showed that VAR is stable; KPSS test showed that output, capital and labor are not trend stationary.
Koteski, Cane, Lazarov, Darko, Josheski, Dushko   +2 more
core  

Analysing reforms of social security disability pension provision in a multistage overlapping generations model

Journal of Risk and Insurance, EarlyView.
Abstract This paper introduces a multi‐stage Overlapping Generations (OLG) model of workers and retirees, segmented by disability status and eligibility for Disability Pension (DP) benefits. Extending Gertler (1999) with progressive disability stages of distinct productivity and transition probabilities, and calibrated to US data, the model generates ...
Hangsuck Lee, Steven Haberman, Byungdoo Kong, Seung Yeon Jeong   +3 more
wiley   +1 more source

The Core‐Periphery Model Under Additively Separable Preferences

Journal of Regional Science, Volume 65, Issue 2, Page 378-402, March 2025.
ABSTRACT This paper reexamines Krugman's core‐periphery model by substituting his constant elasticity of substitution (CES) utility with a general additively separable utility that comprehensively captures the pro‐competitive effect while preserving the income effect.
Congcong Wang, Dao‐Zhi Zeng, Xiwei Zhu
wiley   +1 more source

Borrowing Size and Functions From Nearby Cities: The Mediating Role of Inter‐Municipal Cooperation

Journal of Regional Science, EarlyView.
ABSTRACT This paper first analyzes whether the efficiency of smaller municipalities is associated with the agglomeration advantages of their larger neighbors through “borrowed size” and “borrowed functions” mechanisms. Second, it explores the role of inter‐municipal cooperation (IMC) in these mechanisms.
Juan Piedra‐Peña, Marie‐Laure Breuillé, Julie Le Gallo   +2 more
wiley   +1 more source