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We present future fire danger scenarios for the countries bordering the Mediterranean areas of Europe and north Africa building on a multi-model ensemble of state-of-the-art regional climate projections from the EU-funded project ENSEMBLES. Fire danger is estimated using the Canadian Forest Fire...
Persistent link: https://www.econbiz.de/10011000422
A Lagrangian characterization of the solutions of the consumer problem is provided when preferences are not representable by a continuous utility function. Copyright Springer-Verlag Berlin Heidelberg 2000
Persistent link: https://www.econbiz.de/10005371108
We consider a simple aggregative consumption economy, where there is a market for commodities and four financial markets: for bonds, deposits, credits and some speculative asset. There is a Wicksellian central bank. The existence of temporary equilibrium is discussed by considering partial...
Persistent link: https://www.econbiz.de/10005659031
The existence of an optimal solution of the standard decision problem can characterize the compactness of the feasible set. It is proved that the feasible set is compact if and only if there is a maximal element for any upper semicontinuous preference. Here "preference" means asymmetric and...
Persistent link: https://www.econbiz.de/10005307882
In this paper we show how discrete and continuous variables can be combined using parametric conditional families of distributions and how the likelihood weighting method can be used for propagating uncertainty through the network in an efficient manner. To illustrate the method we use, as an...
Persistent link: https://www.econbiz.de/10005199794
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Bandyopadhyay, Dasgupta and Pattanaik [JET, 2002] have presented a construction that aggregates standard demand functions by a stochastic demand function, in such way that the latter satisfies the weak axiom of stochastic revealed preference when the former fulfil Samuelson's weak axiom of...
Persistent link: https://www.econbiz.de/10005077063
The resort to utility-theoretical issues will permit us to propose a constructive procedure for deriving a homogeneous of degree one, continuous function that gives raise to a primitive demand function under suitably mild conditions. This constitutes the first elementary proof of a necessary and...
Persistent link: https://www.econbiz.de/10005135019