Results 251 to 260 of about 3,046,163 (294)
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Linear Time Memory Consistency Verification
IEEE Transactions on Computers, 2012zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Hu, Weiwu +4 more
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Time Consistent Public Expenditures [PDF]
, 2004 How should aggregate public expenditures be traded off against their financing costs? We incorporate public expenditures into a standard neoclassical growth setup with model policy choice as made by a government choosing tax rates and spending so that the resulting competitive equilibrium allocation maximizes consumer welfare.
Paul Klein +2 more
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Fundamental Standards and Time Consistency
Kyklos, 1993Recent literature showed that government intervention is important to overcome market failures in the choice of standards. This paper shows that even benevolent and well-informed governments may be unable to overcome such market failures if fundamental standards are concerned.
Konrad, K., Thum, M.
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Time-Consistent Health Insurance
Journal of Political Economy, 1995Abstract Currently available health insurance contracts do not fully insure many long-term illnesses, such as AIDS, cancer, senile dementia, heart disease, or organ failure. Many people who get such diseases face ruinous increases in premiums.
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2000
In many cases the optimal open-loop policy to influence agents who solve dynamic problems is time-inconsistent. We show how to construct a time-consistent open-loop policy rule. We also consider an additional restriction under which the time-consistent open-loop policy is stationary. We use examples to illustrate the properties of these tax rules.
Karp, Larry S. +3 more
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In many cases the optimal open-loop policy to influence agents who solve dynamic problems is time-inconsistent. We show how to construct a time-consistent open-loop policy rule. We also consider an additional restriction under which the time-consistent open-loop policy is stationary. We use examples to illustrate the properties of these tax rules.
Karp, Larry S. +3 more
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Time Consistent Dynamic Risk Measures
Mathematical Methods of Operations Research, 2006zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Boda, K, Filar, JA
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Time-consistent portfolio optimization
European Journal of Operational Research, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ling Peng, Peter E. Kloeden
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Time-consistent redistribution
European Economic Review, 2002If the government cares more about workers than about capitalists and taxes capital income to finance redistribution to workers, how are inequality and capital accumulation affected in the long run? Assuming that the government cannot commit to future taxes, a time-consistent equilibrium – a differentiable subgame-perfect Markov equilibrium – is ...
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ARE TIME CONSISTENT VALUATIONS INFORMATION MONOTONE?
International Journal of Theoretical and Applied Finance, 2014Multi-period risk functionals assign a risk value to discrete-time stochastic processes. While convexity and monotonicity extend in straightforward manner from the single-period case, the role of information is more problematic in the multi-period situation.
Kovacevic, R.M., Pflug, G.C.
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