Showing 1 - 10 of 15
An extension to the Yaari (1965)-Blanchard (1985) continuous time overlapping generations model for an endowment Arrow-Debreu economy with an age-structured population is presented. It is proved that Arrow-Debreu equilibrium prices are represented by a double linear integral equation, and depend...
Persistent link: https://www.econbiz.de/10008499567
Purpose – The purpose of this paper is to present an arbitrarily accurate approximation for the value of European options written on a Black‐Scholes stock paying a discrete dividend. Design/methodology/approach – The proposed method is a computational method for the analytical solution of...
Persistent link: https://www.econbiz.de/10014881517
Persistent link: https://www.econbiz.de/10011874559
Persistent link: https://www.econbiz.de/10005499730
This work focuses on assessing the potential for generation of biomass residues from agroforestry sources in a region of Portugal (Alto Alentejo), within the scope of energy valorization of the biomass by means of combustion technologies. The model uses a GIS-based method to estimate the...
Persistent link: https://www.econbiz.de/10011209507
A 2-D numerical model based on the Computational Fluid Dynamic (CFD) framework was developed to investigate the influence of oxygen-enriched air on a biomass gasification process. Both gas and solid phases were described using and Eulerian–Eulerian approach exchanging mass, energy and...
Persistent link: https://www.econbiz.de/10011189971
The major distinctive feature of cultural goods is that consumers must learn how to consume them, implying that preferences should be modelled as intertemporally dependent. The canonical model in the literature uses a habit formation analogy. In this paper, we discuss in detail, though in the...
Persistent link: https://www.econbiz.de/10005808685
Persistent link: https://www.econbiz.de/10005598125
Persistent link: https://www.econbiz.de/10008925220
We consider a two-sector endogenous growth model where the productions of the final good and human capital require economy-wide external effects. Assuming constant returns to scale at the private and social levels, we show that local and global indeterminacy of equilibrium paths are compatible...
Persistent link: https://www.econbiz.de/10008870905