JER, 第 6-7 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 2001 |
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第 1 到 3 筆結果,共 31 筆
第 198 頁
... nature are verifiable , an optimal complete insurance contract requires that net income across different states of nature be equal . In contrast , this may not be the case in an incomplete market setting where a subset of states of ...
... nature are verifiable , an optimal complete insurance contract requires that net income across different states of nature be equal . In contrast , this may not be the case in an incomplete market setting where a subset of states of ...
第 204 頁
... nature be the same as the expected marginal utility of net endowment over a group of unverifiable states of nature given intergenerational transfers . The first order condition for b1 + 1 is У -- - +1 ) − ( 1 − p1 ) Eu ' ( w + St ...
... nature be the same as the expected marginal utility of net endowment over a group of unverifiable states of nature given intergenerational transfers . The first order condition for b1 + 1 is У -- - +1 ) − ( 1 − p1 ) Eu ' ( w + St ...
第 206 頁
... nature are verifiable and observable and a complete insurance would be available , then a fair insurance would make net income ( en- dowment ) equal across all states of nature . Secondly , our models yields that the ( discounted ) ...
... nature are verifiable and observable and a complete insurance would be available , then a fair insurance would make net income ( en- dowment ) equal across all states of nature . Secondly , our models yields that the ( discounted ) ...
內容
Shahidur Rahman Sandly Sian Li Ngiang Serina | 29 |
in collaboration with Hanyang Economic Research Institute | 131 |
J4351 | |
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aggregate risk sharing Alog(c analysis assets assume bt+1 capital controls capital stock carved-out IPOs coefficient compliance constraint consumption denotes devaluation Doosan eco-label Economic Research effect efficiency wage elasticity empirical endowment enforcement environmental investments Equation equilibrium estimated exchange rate expected Əzi firms forecasts forward rate process Hanyang University households human capital increase input inspections interest rate IPOs Journal of Economic knowledge capital Korea Korea University labor income measure Monopolistic competition negative number of paddocks optimal order conditions output p-value paper parameters percent period plant prediction intervals problem Pt+1 R&D spillover rangeland rate of return regions and industries regression regulator regulatory risk aversion risk sharing sample Seoul National University shocks short duration grazing significant social rate solution speculative bubble Statistics steady Table tax rates tion trading day underpricing underwriters unemployment rate variables zero