Search Results - subject:"Functions"

Discounting long run average growth in stochastic dynamic programs

Durán, Jorge - In: Economic Theory 22 (2003) 2, pp. 395-413

Finding solutions to the Bellman equation often relies on restrictive boundedness assumptions. In this paper we develop a method of proof that allows to dispense with the assumption that returns are bounded from above. In applications our assumptions only imply that long run average (expected)...

Persistent link: https://www.econbiz.de/10005753440

Scale Effects in Markets with Search

Petrongolo, Barbara; Pissarides, Christoper A. - Institute for the Study of Labor (IZA) - 2003

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

Persistent link: https://www.econbiz.de/10005761782

How important is natural capital in terms of sustaining real output? Revisiting the natural capital/human-made capital substitutability debate

Lawn, Philip - In: International Journal of Global Environmental Issues 3 (2003) 4, pp. 418-435

This paper revisits the natural capital/human-made capital substitutability debate by putting forward a production function incorporating the first and second laws of thermodynamics. Use of this alternative production function shows that, where relevant, the elasticity of substitution between...

Persistent link: https://www.econbiz.de/10005552995

Weddings with Uncertain Prospects - Mergers under Asymmetric Information

Borek, Thomas; Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003

’ types. We introduce the concepts of essentially monotone decreasing (EMD) and increasing (EMI) functions, which generalize …

Persistent link: https://www.econbiz.de/10005788984

Is the J-Curve Effect Observable for Small North European Economies?

Hacker, R.; Hatemi-J, Abdulnasser - In: Open Economies Review 14 (2003) 2, pp. 119-134

, and Swedenâ€”using generalized impulse response functions. The results provide empirical support for the J-curve. Each …

Persistent link: https://www.econbiz.de/10005715084

The Pearson system of utility functions

LiCalzi, Marco; Sorato, Annamaria - EconWPA - 2003

This paper describes a parametric family of utility functions for decision analysis. The parameterization is obtained … functions have only four shapes: concave, convex, S-shaped, and reverse S-shaped. This makes the family suited for both expected …

Persistent link: https://www.econbiz.de/10005118574

The Role of the Interprovincial Transfers in the B-Convergence Process. Further Empirical Evidence for CanadaAbstract: Based on the approach of Timljonavich and Vogelsang (2002), I present empirical evidence of the role of the federal transfers on the B-convergence process in Canadian provinces. Using information on personal income for the period 1926-1999, the principal conclusion is that the ...

Rodriguez, Gabriel - Département d'Économie / Department of Economics, … - 2003

Persistent link: https://www.econbiz.de/10008491486

German Works Councils in the Production Process

Addison, John T.; Schank, Thorsten; Schnabel, Claus; … - Institute for the Study of Labor (IZA) - 2003

data set. We recoup the works council effect by estimating translog production functions, stochastic frontier production … functions, and a model in first differences. Once we focus on a core sample of establishments with 21 to 100 employees in which …

Persistent link: https://www.econbiz.de/10005703107

Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models

Heckman, James J.; Navarro-Lozano, Salvador - Institute for the Study of Labor (IZA) - 2003

selection) in matching, instrumental variable and control functions methods. (2) It contrasts the roles of exclusion …

Persistent link: https://www.econbiz.de/10005703186

User Cost of Capital and Cost Function : Does the Margin in the Modelling Yields Robust Results?

Baccar, Sourour - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005132917