Precautionary Saving against Correlation under Risk and Ambiguitya
Abstract This paper considers precautionary saving against the correlation between two risky attributes (wealth and health) and investigates how the correlation affects optimal savings under multivariate preferences. The signs of higher‐order cross‐derivatives play a key role in determining the direction of precautionary saving against such correlation.
TAKAO ASANO, YUSUKE OSAKI
wiley +1 more source
Noise Fingerprints as a Quantitative Order Parameter for Polarization- and Defect-Mediated Switching in Hafnia Ferroelectrics. [PDF]
Koo RH +8 more
europepmc +1 more source
Unequal and Unstable: Income Inequality and Bank Risk
Abstract We present a model in which income inequality interacts with banks' risk‐taking incentives, generating financial instability. Competition and deposit insurance cause some banks to lend to lower‐income borrowers at underpriced rates, creating “risky banks” that fail in downturns, while others lend to higher‐income borrowers and avoid default ...
YULIYAN MITKOV, ULRICH SCHÜWER
wiley +1 more source
On embedding separable spaces C ( L ) in arbitrary spaces C ( K ). [PDF]
Rondoš J, Sobota D.
europepmc +1 more source
Econometrics at the Extreme: From Quantile Regression to QFAVAR1
ABSTRACT This paper surveys quantile modelling from its theoretical origins to current advances. We organize the literature and present core econometric formulations and estimation methods for: (i) cross‐sectional quantile regression; (ii) quantile time series models and their time series properties; (iii) quantile vector autoregressions for ...
Stéphane Goutte +4 more
wiley +1 more source
Do the Poor Gain More? The Impact of Secondary-Care Expenditure on Health Inequality. [PDF]
Anaya-Montes M +9 more
europepmc +1 more source
Leader‐Follower Dynamics in Shareholder Activism
ABSTRACT We propose a theory of coordination and influence among blockholders. Privately informed activists time their trades in sequence to lower acquisition costs, prompting a strategic use of order flows: leader activists create trading gains for their followers, ultimately influencing their willingness to bear greater value‐enhancing intervention ...
DORUK CETEMEN +3 more
wiley +1 more source
National trends and socioeconomic inequalities in the Composite Index of Severe Anthropometric Failure among children under five in Bangladesh. [PDF]
Al Fidah MF +4 more
europepmc +1 more source
ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley +1 more source
Resource Allocation and Trajectory Planning in Integrated Sensing and Communication Enabled UAV-Assisted Vehicular Network. [PDF]
Song M, Song M, Zhang W, Bai J.
europepmc +1 more source

