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Bougheas, Spiros; Dasgupta, Indraneel; Morrissey, Oliver - 2005

Charitable giving has increasingly become ‘tough love’ - it has come to require recipients to undertake costly prior action. A common justification is that of greater efficiency: willingness to undertake costly actions signals greater productivity from transfers. However, there is a...

Persistent link: https://www.econbiz.de/10010319069

Development policy lending, conditionality and ownership: A political economy model

Paloni, Alberto; Zanardi, Maurizio - 2005

Is the World Bank’s Development Policy Lending likely to enhance ownership and have greater effectiveness than …

Persistent link: https://www.econbiz.de/10010319071

Women or children? Intra-household redistribution under gender-asymmetric altruism

Dasgupta, Indraneel - 2007

In developing societies, social norms typically ascribe differential weights to paternal, maternal and communal (or state) contributions to children’s expenses. Individuals internalize these valuations. I examine a Cournot model of voluntary contribution to children’s goods in a twoadult...

Persistent link: https://www.econbiz.de/10010319077

Conditionality and fragility in long-term financial contracts

Bougheas, Spiros; Dasgupta, Indraneel; Morrissey, Oliver - 2007

Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations while international organizations condition future loans on the implementation of some policy conditions. We build an agency model that accounts for...

Persistent link: https://www.econbiz.de/10010319088

Competitive risk sharing contracts with one-sided commitment

Uhlig, Harald; Krueger, Dirk - 2005

This paper analyzes dynamic equilibrium risk sharing contracts between profit-maximizing intermediaries and a large pool of ex-ante identical agents that face idiosyncratic income uncertainty that makes them heterogeneous ex-post. In any given period, after having observed her income, the agent...

Persistent link: https://www.econbiz.de/10010319185

FFT based option pricing

Borak, Szymon; Detlefsen, Kai; Härdle, Wolfgang Karl - 2005

Persistent link: https://www.econbiz.de/10010319188

Volatility investing with variance swaps

Härdle, Wolfgang Karl; Silyakova, Elena - 2010

Traditionally volatility is viewed as a measure of variability, or risk, of an underlying asset. However recently investors began to look at volatility from a different angle. It happened due to emergence of a market for new derivative instruments - variance swaps. In this paper first we...

Persistent link: https://www.econbiz.de/10010319195

Spatial risk premium on weather derivatives and hedging weather exposure in electricity

Härdle, Wolfgang Karl; Osipenko, Maria - 2011

Due to dependency of energy demand on temperature, weather derivatives enable the effective hedging of temperature related fluctuations. However, temperature varies in space and time and therefore the contingent weather derivatives also vary. The spatial derivative price distribution involves a...

Persistent link: https://www.econbiz.de/10010319196

Über die Natur und das Wesen des Geldes: Johann Heinrich von Thünens unveröffentlichter Beitrag zur Geldtheorie

Nellinger, Ludwig - 2009

questions and preparing Thünen's theory of capital and interest. Thünen starts his analysis with a description of the … extended quantity theory of money by introducing the velocity of money transactions and formulating the correct algebraic … twentieth century and from the perspective of modern monetary theory, Thünen's drafts are an unexpected discovery and of …

Persistent link: https://www.econbiz.de/10010319238

A technical note on comparative dynamics in a fiscal competition model

Becker, Daniel Thomas - 2008

This note discusses the comparative dynamic analysis in 'Fiscal competition in space and time' by David Wildas in (Journal of Public Economics, Vol. 87, 2003) from a technical point of view.

Persistent link: https://www.econbiz.de/10010319241