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This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546
The vast majority of crop and revenue insurance policies sold in the United States are single-crop policies that insure … uses an insurance approach to outline a risk management tool which mimics the gross margin level of a typical corn …
Persistent link: https://www.econbiz.de/10009445759
response could be taken, as for example mitigation and insurance. This doctoral thesis focuses on the relation between the … insurance and the mitigation approach. It studies the impact of insurance instruments on mitigation of climate change. The main …
Persistent link: https://www.econbiz.de/10009476245
allows them to extend to consumers individually adjusted fair insurance offers. In a market which is characterized by … information asymmetries concerning individual risk this has positive efficiency effects. Simultaneously with the improvement of … for the analysis in this thesis. Its purpose is to study the incentives of the agents in the car insurance market …
Persistent link: https://www.econbiz.de/10009482327
The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...
Persistent link: https://www.econbiz.de/10009471788
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
inweekly retail gasoline pricesChapter III discusses the relationship between fiscal deficit and exchange rate.Economic theory …
Persistent link: https://www.econbiz.de/10009465185
The purpose of this paper is to empirically analyse the revenue-expenditure models of publicfinance by considering the possibility of non-linear and asymmetric adjustment. A long-runrelationship between general government expenditure and revenues is identified for Italy.Following system-wide...
Persistent link: https://www.econbiz.de/10009465474
. However, any suitable model should also include business cycle asymmetries, with implications for both forecasting and policy-making. …
Persistent link: https://www.econbiz.de/10009481459
business cycle asymmetries, with implications for both forecasting and policy-making. …
Persistent link: https://www.econbiz.de/10009481461