Showing 1 - 7 of 7
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 short-term monetary equilibrium in a frictionless economy with suboptimal agents is proved for any (reasonable) given interest rate. Separability ideas (as defined in Decision Theory) are applied. Two financial markets are in operation: for bank contracts (deposits and credits)...
Persistent link: https://www.econbiz.de/10005622981
Three sequential models of consumption economies are considered, where consumers´only endowment is money. The existence and unicity of temporary equilibria, the neutrality of money and the validity of quantity theory are investigated. In the first two models "money" is persihable; in the second...
Persistent link: https://www.econbiz.de/10005623088
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