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The effects of including bankruptcy on dynamic investment decisions

Novak, Frank S. - In: Journal of agricultural and resource economics : JARE ; … 19 (1994) 2, pp. 255-266

Persistent link: https://www.econbiz.de/10001176311

Chapter 10. Recursive Contracts and Endogenously Incomplete Markets

Golosov, M.; Tsyvinski, A.; Werquin, N. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 725-841). 2016

international economics featuring incomplete risk sharing can be analyzed using the tools of the theory of recursive contracts. …In this chapter we study dynamic incentive models in which risk sharing is endogenously limited by the presence of …—the theory of recursive contracts. Recursive formulations allow us to reduce often complex models to a sequence of essentially …

Persistent link: https://www.econbiz.de/10014024287

Cash flow management by risk-neutral and risk-averse stochastic approaches

Righetto, Giovanni Margarido; Morabito, Reinaldo; Alem, … - In: Journal of the Operational Research Society 71 (2020) 1, pp. 55-68

Persistent link: https://www.econbiz.de/10012215632

Procurement strategy with credit risk

Wang, Hsiao-fan; Su, Ray - In: International journal of operations and quantitative … 19 (2013) 3, pp. 179-200

Persistent link: https://www.econbiz.de/10010253593

A portfolio problem with uncertainty

Mocholí, Manuel; Sala, Ramón; Sanchis, Vicente - In: Financial modelling : with 74 tables : [a selection of …, (pp. 279-289). 2000

Persistent link: https://www.econbiz.de/10001485016

Multi-period mean-variance asset-liability management with uncontrolled cash flow and uncertain time-horizon

Yao, Haixiang; Zeng, Yan; Chen, Shumin - In: Economic modelling 30 (2013), pp. 492-500

Persistent link: https://www.econbiz.de/10009708888

A Comprehensive Analysis and Optimization of the HRA and Procurement of Property

Agarwal, Ravi - 2010

The present paper deals with the tax structure of house rent allowance (HRA) and procurement of real estate in India. HRA forms a popular basis of compensating employees in India - both in public and private sectors. HRA attracts personal taxation from Income Tax point of view. Although there...

Persistent link: https://www.econbiz.de/10013139732

Combining Microsimulation and Optimization to Identify Optimal Flexible Tax-Transfer Rules

Colombino, Ugo - 2020

We use a behavioural microsimulation model embedded in a numerical optimization procedure in order to identify optimal (social welfare maximizing) tax-transfer rules. We consider the class of tax-transfer rules consisting of a universal basic income and a tax defined by a 4th degree polynomial....

Persistent link: https://www.econbiz.de/10012832584

Application of genetic algorithm to optimal income taxation

Małecka-Ziembińska, Edyta; Ziembiński, Radosław - In: Journal of risk and financial management : JRFM 13 (2020) 11/251, pp. 1-24

This paper, intended for researchers, introduces a stochastic method for calculating the optimal tax schedule based on taxpayer utility, population skill distribution, and wages. It implements and extends the classic approach to optimal income tax calculation introduced by J.A. Mirrlees. A...

Persistent link: https://www.econbiz.de/10012389887

Optimized Tax Loss Harvesting : A Simple Algorithm and Framework

Israelov, Roni; Lu, Jason - 2022

places loss harvesting into a classic risk-reward paradigm, creating a trade-off between harvesting yield and active risk. In … frontier of efficient thresholds, from which harvesting yield is traded off against active risk. Furthermore, for out …-sized positions in a portfolio, we propose and analyze a throttled harvesting algorithm which controls the active risk arising from …

Persistent link: https://www.econbiz.de/10013404561