Results 91 to 100 of about 47,115 (199)

Logic of aid in an intertemporal setting [PDF]

This paper studies the welfare implications of temporary foreign aid in the context of a simple two-country model of trade. In addition to its usual effects, a transfer of income in one period is assumed to influence the preferences of the recipient ...
Pascalis Raimondos-Moller, Sajal Lahiri, Slobodan Djajic   +2 more
core  

The effects of background music and sound in economic decision making: Evidence from a laboratory experiment [PDF]

This paper experimentally studies the effects of background music and sound on the preference of the decision makers for rewards in pairwise intertemporal choice tasks and lottery choice tasks.
Fujikawa, Takemi, Kobayashi, Yohei
core   +1 more source

Heterogeneity, Adverse Selection and Valuation with Endogenous Labor Supply [PDF]

This paper considers models of intratemporal consumption-labor choice and intertemporal consumption choice under heterogeneity and private information in preferences towards labor.
Marcelo Bianconi
core  

Extending Q-Learning for Economic Modelling: A Design Framework with Equilibrium Benchmarks

Computation
This paper proposes a methodological architecture to integrate Q-learning into economic modelling systematically. It addresses a common gap: the lack of a shared framework linking economic foundations to Reinforcement Learning components.
Jorge Moya Velasco, Jorge Soria Ruiz-Ogarrio, Pedro Caja Meri, Silvia Álvarez-Santás   +3 more
doaj   +1 more source

Calibrated Stochastic Dynamic Models for Resource Management [PDF]

In this paper we develop a positive calibrated approach to stochastic dynamic programming. Risk aversion, discount rate, and intertemporal substitution preferences of the decision-maker are calibrated by a procedure that minimizes the mean squared error ...
Howitt, Richard E., Knapp, Keith C., Msangi, Siwa, Reynaud, Arnaud   +3 more
core   +1 more source

Household's Preferences and Monetary Policy Inertia [PDF]

, 2009
The estimation of monetary policy rules suggests that the interest rates set by central banks move with a certain inertia. Although a number of hypotheses have been suggested to explain this phenomenon, its ultimate origin is unclear, thus delineating ...
Flamini, A., Fracasso, A.
core  

Pre-supplementary motor area strengthens reward sensitivity in intertemporal choice

NeuroImage
Previous investigations on the causal neural mechanisms underlying intertemporal decision making focused on the dorsolateral prefrontal cortex as neural substrate of cognitive control.
Gizem Vural, Natasha Katruss, Alexander Soutschek   +2 more
doaj   +1 more source

Managing Risk Across Time: An Intertemporal Spectral Risk Measures Framework for Multi-Period Portfolio Optimization

Mathematics
This paper introduces a novel framework for multi-period portfolio optimization that incorporates intertemporal spectral risk measures (ISRMs). The model dynamically manages risk by considering both tail risk, through spectral risk measures, and overall ...
Chengneng Jin, Jianjun Gao
doaj   +1 more source

Repeated moral hazard with history-dependent preferences [PDF]

, 2009
This paper introduces history-dependent preferences into the principal-agent framework. In this setup, the Inverse Euler equation breaks down. The paper characterizes optimal contracts and shows that the wedge between the principal’s rate of return to ...
Koehne, S.
core  

Hypothetical Intertemporal Consumption Choices [PDF]

The paper extends and replicates part of the analysis by Barsky, Juster, Kimball, and Shapiro (1997), which exploits hypothetical choices among different consumption streams to infer intertemporal substitution elasticities and rates of time preference ...
Federica Teppa, Kapteyn, Arie
core