Results 181 to 190 of about 632,036 (253)

Complementary or Substitutive Environmental Governance? ISO 14001 and Environmental Stringency for Emission Reduction

Journal of Management Studies, EarlyView.
Abstract In this paper, we adopt the so‐called ‘related’ perspective on business and government relations and propose that they interact and influence one another in governing corporate responsibility. We theorize that private and public governance may operate as complements or substitutes, and conduct a comparative institutional analysis to identify ...
Irene Margaret, Jordi A. Surroca, Josep A. Tribó   +2 more
wiley   +1 more source

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

Insurance as commitment?

Journal of Risk and Insurance, EarlyView.
Abstract Most insurance decisions combine risk management and an intertemporal dimension. Yet while non‐canonical behavioral models have been applied extensively to the risk management aspect, they are mostly missing from the intertemporal component. We expand insurance demand theory by showing that individuals who perceive themselves as present‐biased
Andreas J. Dambaur, Johannes G. Jaspersen   +1 more
wiley   +1 more source

Optimal Portfolio Choice With Cross‐Impact Propagators

Mathematical Finance, EarlyView.
ABSTRACT We consider a class of optimal portfolio choice problems in continuous time where the agent's transactions create both transient cross‐impact driven by a matrix‐valued Volterra propagator, as well as temporary price impact. We formulate this problem as the maximization of a revenue‐risk functional, where the agent also exploits available ...
Eduardo Abi Jaber, Eyal Neuman, Sturmius Tuschmann   +2 more
wiley   +1 more source

Representation of Forward Performance Criteria with Random Endowment via FBSDE and Its Application to Forward Optimized Certainty Equivalent

Mathematical Finance, EarlyView.
ABSTRACT We extend the notion of forward performance criteria to settings with random endowment in incomplete markets. Building on these results, we introduce and develop the novel concept of forward optimized certainty equivalent (forward OCE), which offers a genuinely dynamic valuation mechanism that accommodates progressively adaptive market model ...
Gechun Liang, Yifan Sun, Thaleia Zariphopoulou   +2 more
wiley   +1 more source

A Tale of Two Cities: Australian Evidence on the Effects of Lockdown on Grocery Inflation

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT Despite extensive research on the economic implications of COVID‐19, the inflationary consequences of lockdown remain underexplored. Prior impact assessments may be compromised due to the cross‐jurisdictional presence of lockdowns and the prevalence of the coronavirus.
Chew Lian Chua, Sarantis Tsiaplias
wiley   +1 more source

A Multi‐Country Approach to Estimate the Euro‐Area Natural Real Interest Rate

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We set up a semi‐structural unobserved components multi‐country model of the eurozone. The common euro‐area natural rate of interest (NRI) is identified from the joint dynamics of the national data of its 20 member countries and estimated using Bayesian methods.
Tino Berger, Daria Kazakova, Bernd Kempa
wiley   +1 more source

Pension Systems (Un)sustainability and Fiscal Constraints: A Comparative Analysis

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic uncertainties.
Burkhard Heer, Vito Polito, Michael R. Wickens   +2 more
wiley   +1 more source

Inequality of Opportunity in a Multiperiod Framework

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT This paper offers a simple model to evaluate and measure inequality of opportunity in a multiperiod framework, in which both circumstances and effort may change over time. We adopt a norm‐based approach and an axiomatic methodology: we first characterise two alternative definitions of a ‘fair distribution’, associated respectively with the ex ...
Domenico Moramarco, Flaviana Palmisano, Vitorocco Peragine   +2 more
wiley   +1 more source

Do State Lotteries Exploit their Lottery Power? Optimal Lotto Pricing With Heterogeneous Players: Evidence from the United Kingdom

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We propose a new model of revenue‐maximising lottery pricing under income‐related heterogeneity and apply it to 13 years of UK National Lottery data. Our pricing rule shows how a state's lottery power is shaped by heterogeneities in lotto demand and the income distribution, and we study its efficiency and distributional implications.
Martin Forster, Emanuela Randon, Robert Pryce   +2 more
wiley   +1 more source