Results 141 to 150 of about 69,721 (321)

Strategic Asset Allocation in a Continuous-Time VAR Model [PDF]

open access: yes
This note derives an approximate solution to a continuous-time intertemporal portfolio and consumption choice problem. The problem is the continuous-time equivalent of the discrete-time problem studied by Campbell and Viceira (1999), in which the ...
George Chacko   +3 more
core  

Begetting Silvio Gesell in the Modern Economy: A Marriage of Frederick Soddy and Kenneth Boulding

open access: yesThe American Journal of Economics and Sociology, EarlyView.
ABSTRACT In the Natural Economic Order, first published in 1916, Silvio Gesell warned against a fiat monetary system that in place of controlling the circulation of money with demurrage, sought to manage the system by accommodating demand for liquidity.
Ahmed Anwar
wiley   +1 more source

Brook no compromise: How to negotiate a united front

open access: yesAmerican Journal of Political Science, EarlyView.
Abstract Negotiating factional conflict is crucial to successful coordination: Political parties, rebel alliances, and authoritarian elites must all overcome internal disagreements to survive and achieve collective aims. Actors in these situations sometimes employ hardball tactics to block outcomes they dislike, but at the risk of causing coordination ...
Elaine Yao
wiley   +1 more source

Framing in choice task [PDF]

open access: yes
The direction of speed-up - delay effect is reversed in elicitation with choice task in MPL format. The model of intertemporal choice with reference point cannot explain this reversal.
Oksana Tokarchuk
core  

Frisch Elasticity, Directed Technical Change, and Automation: A Unified Framework for Wage Polarization and Skill Premium Dynamics

open access: yesBulletin of Economic Research, EarlyView.
ABSTRACT This paper examines how labor‐supply responsiveness, captured by the inverse Frisch elasticity, shapes wage inequality in the presence of directed technical change and automation. We develop a dynamic general equilibrium model with task‐based production, heterogeneous labor, and endogenous R&D.
Óscar Afonso
wiley   +1 more source

Universities Fostering Financially Healthy Competencies: Mitigating Domestic Bias for Optimal Decision‐Making

open access: yesBulletin of Economic Research, EarlyView.
ABSTRACT This study explores the relationship between financial capability and domestic bias in investment decisions among economics and business students at the University of Santiago de Compostela. Financial capability is defined as the combination of knowledge, attitudes, and behaviors that enable individuals to make informed financial decisions and
Marcos Álvarez‐Espiño   +2 more
wiley   +1 more source

What if the expected is not the most likely outcome? Four examples giving pause for thought and reconsideration

open access: yesEconomica, EarlyView.
Abstract The foundational nature of expectations‐based theories and the prominence of symmetric unimodal stochastic assumptions in economic research render the expected outcome the go to locational focus throughout its many realms. When symmetric unimodality prevails, expected and most likely outcomes are identical; however, when it does not, they are ...
Gordon Anderson
wiley   +1 more source

Interdependence of government expenditure among European countries: Productivity spillover and strategic interaction

open access: yesEconomic Inquiry, EarlyView.
Abstract We build an endogenous growth model that distinguishes productive and welfare government expenditures and embeds fiscal externalities. The model yields three testable hypotheses: (i) productive expenditure raises growth (Barro effect); (ii) productive expenditure generates cross‐country productivity spillovers; (iii) government expenditure ...
Xiaodong Chen, Haoming Mi, Peng Zhou
wiley   +1 more source

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