Results 71 to 80 of about 719,711 (199)
ABSTRACT Using the European Quality of Government Index across 183 NUTS‐2 regions (2010–2024), this paper documents that education improves institutional quality in Western Europe but not in postsocialist regions. Oaxaca–Blinder decomposition reveals that 77 percent of the West–East institutional gap reflects different returns to education, not ...
Nikolaos Tzivanakis
wiley +1 more source
Price and Non‐price Terms of Syndicated Loans to Technology Firms
ABSTRACT This paper examines whether US technology firms receive different price and nonprice terms in the syndicated loan market compared to nontechnology firms. The analysis reveals that technology borrowers face significantly less favorable terms, including 12 basis points higher loan spreads, approximately 5%$\%$ shorter maturities, and loan sizes ...
Weiting Hu +2 more
wiley +1 more source
ABSTRACTLarger firms feature (i) longer hours worked, (ii) higher wages, and (iii) smaller (larger) wage penalties for working long (short) hours. We reconcile these patterns in a general equilibrium model, which features the endogenous interaction of hours, wages, and firm size. In the model, workers willing to work longer hours sort into larger firms
Lin Shao +2 more
wiley +1 more source
Excess Movement in Option‐Implied Beliefs
ABSTRACT We derive bounds on the rational variation in option‐implied beliefs about market returns. While risk preferences distort option‐implied (or risk‐neutral) beliefs away from subjective beliefs, one can nonetheless bound risk‐neutral belief movement under a general assumption on the stochastic discount factor.
NED AUGENBLICK, EBEN LAZARUS
wiley +1 more source
Algorithms for a nonmonotonic logic of preferences
. In this paper we introduce and study a nonmonotonic logic to reason about various kinds of preferences. We introduce preference types to choose among these kinds of preferences, based on an agent interpretation.
van Der Torre, L. +5 more
core +1 more source
When indemnity insurance fails: Parametric coverage under binding budget and risk constraints
Abstract In high‐risk environments, traditional indemnity insurance is often unaffordable or ineffective, despite its well‐known optimality under expected utility. We compare excess‐of‐loss indemnity insurance with parametric insurance within a common mean‐variance framework, allowing for fixed costs, heterogeneous premium loadings, and binding budget ...
Benjamin Avanzi +2 more
wiley +1 more source
Nonmonotonic Reasoning Based on Incomplete Logic
What characterizes human reasoning is the ability of dealing with incomplete information. Incomplete logic is developed for modeling incomplete knowledge. The most distinctive feature of incomplete logic is its semantics.
Churn-Jung Liau +2 more
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David Makinson, "Bridges from Classical to Nonmonotonic Logic", King’s College Publications, London, 2005 [PDF]
Book Reviews: David Makinson, "Bridges from Classical to Nonmonotonic Logic", King’s College Publications, London, 2005, pp. 216, ISBN 1-904987-00-
Jarmużek, Tomasz
core
Metal glycerolates emerge as promising hybrid organic–inorganic precursors for NCM cathodes, revealing composition‐dependent structure–property relationships and offering a basis for the rational development of cost‐effective and more sustainable energy storage materials.
Gustavo Thalmer M. Silva +6 more
wiley +1 more source
A Computationally Tractable Non-Monotonic Logic [PDF]
[[abstract]]Nonmonotonic logic is intended to apply specifically to situations where the initial information is incomplete. Using nonmonotonic reasoning procedures we shall be able to jump to conclusions, but withdraw them later when we gain additional ...
Jeffrey J. P. Tsai;T. Weigert
core

