Results 121 to 130 of about 1,181 (229)

On optimality, endogeneous discounting and wealth accumulation [PDF]

open access: yes
We endogenize the discount rate via a broad measure of wealth and provide empirical evidence that wealth the discount rate negatively. We demonstrate that the Pontryagin conditions require positive felicity for intuitive results, whereas the concavity of
Ingmar, SCHUMACHER
core  

Marginal Propensity to Consume and Personal Characteristics: Evidence from Bank Transaction Data and Survey

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract The marginal propensity to consume (MPC) is heterogeneous and depends on liquidity, while liquidity is affected by both temporary circumstances and persistent characteristics. Using bank account transaction data and a survey of its account holders, this study aims to distinguish the sources of MPC heterogeneity.
KOZO UEDA
wiley   +1 more source

Inequality and catching-up under decreasing marginal impatience

open access: yesInequality and catching-up under decreasing marginal impatience
This paper examines how endogenous time preference interacts with inequalities in economic development. We consider two distinct groups of households with intrinsic inequality (e.g., capitalists and workers), and show that (i) under decreasing marginal impatience (DMI), an unequal society may be preferable for poor households than an egalitarian one in
openaire  

Banking with Inside Money: An Efficiency Analysis

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO   +1 more
wiley   +1 more source

Figures of an Agrarian Nation: Indonesia's Agricultural Census, 1963–2023

open access: yesJournal of Agrarian Change, EarlyView.
ABSTRACT Why have Indonesia's decennial agricultural censuses defined their key unit of analysis, the ‘agricultural household’, differently? How do changes to that category shape knowledge production among those who rely on census data? This paper compares definitions of the agricultural household across seven censuses with international ...
Colum Graham
wiley   +1 more source

Novel control strategies for electric vehicle charging stations using stochastic modeling and queueing analysis. [PDF]

open access: yesSci Rep
Varshney S   +8 more
europepmc   +1 more source

Detecting Informed Trading Risk from Undercutting Activity

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We introduce a simple measure of informed trading risk, QIDres$QID^{res}$, the residual to liquidity quote‐improvement‐to‐deterioration ratio times −1$-1$. When facing with increased informed trading risk, liquidity providers compete less to provide liquidity, reducing their undercutting activity. Reductions in undercutting leave footprints in
YASHAR H. BARARDEHI   +2 more
wiley   +1 more source

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