Four Essays On Risk Incentives And Markets
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Four Essays On Risk Incentives And Markets
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Author : Julius Andreas Pahlke
language : en
Publisher:
Release Date : 2011
Four Essays On Risk Incentives And Markets written by Julius Andreas Pahlke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Essays On Incomplete Financial Markets
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Author : Alessandro Citanna
language : en
Publisher:
Release Date : 1995
Essays On Incomplete Financial Markets written by Alessandro Citanna and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Equality Moral Incentives And The Market
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Author : Joseph H. Carens
language : en
Publisher: Joseph H. Carens
Release Date : 1981-01-01
Equality Moral Incentives And The Market written by Joseph H. Carens and has been published by Joseph H. Carens this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981-01-01 with Philosophy categories.
The book argues that by relying on moral incentives it is possible, in principle, to separate the organizational advantages of the market from its distributional disadvantages. In theory, we can imagine a politico-economic system that distributes income equally (or on some other principle) but has all the efficiency characteristics of a capitalist market system. This shows that the market can provide an institutional mechanism for realizing ideals of distributive justice. The book provides a theoretical model of the system, identifying its requirements. It then offers arguments from empirical social science about why the model should work under appropriate conditions.
Four Essays In Labour Economics
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Author : Michael F. Maier
language : en
Publisher:
Release Date : 2016
Four Essays In Labour Economics written by Michael F. Maier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Zusammenfassung: This dissertation includes four studies in the field of empirical labour economics with a focus on risk in labour markets. In Chapter 1 the effect of an employment subsidy programme on early apprenticeship dropout is evaluated. The programme can be considered a preventive intervention to avoid unsuccessful labour market careers. Even though the subsidy provides strong incentives to discourage dropout, the programme does not significantly lower dropout from apprenticeship. Chapter 2 presents an analysis on the influence of individual risk attitudes on job mobility and the consequences for wage growth in the early career. The analysis is based on the proposition that job change is a risky move, since it involves substantial costs, whereas future benefits cannot be entirely foreseen. Accordingly, the results show that individuals with higher degree of risk aversion change jobs less frequently during their early career. Moreover, since risk-averse individuals demand more compensation for the risk associated with changing jobs, the observed wage increases are on average higher for risk-averse than for more risk-tolerant individuals. Chapter 3 investigates the role of skill mismatch for earnings variation among individuals with the same education. The analysis uses a general measure of skill mismatch which represents labour market frictions on a broad scale. The results show that skill mismatch is an important factor for wage inequality within education groups. Overeducation as a specific measure for skill mismatch among university graduates contributes to wage inequality due to differences in the mean and dispersion of wages between matched and mismatched workers. Chapter 4 examines whether occupational earnings risks are compensated in a lifetime perspective. The results show, that only the permanent component of earnings risk is compensated by higher wages while transitory risks are associated with a wage penalty. The consideration of heterogeneous risk attitudes and occupational mobility provides a nuanced view on the risk compensation in wages: Firstly, compensation for earnings risk is considerably higher for less risk averse workers. Secondly, the compensating wage differential is lower after an occupational change suggesting a trade-off between occupational mobility and compensation for earnings risk
Essays In Law And Economics Iv
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Author : Claus Ott
language : en
Publisher:
Release Date : 1998
Essays In Law And Economics Iv written by Claus Ott and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Judicial process categories.
Four Essays On Interhousehold Transfers And Institutions In Post Communist Romania
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Author : Andreea Mitrut
language : en
Publisher:
Release Date : 2008
Four Essays On Interhousehold Transfers And Institutions In Post Communist Romania written by Andreea Mitrut and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Romania categories.
Risk Information And Insurance
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Author : Henri Loubergé
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Risk Information And Insurance written by Henri Loubergé and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Orio Giarini The "Geneva Association" (International Association for the Study of Risk and Insurance Economics) was founded in 1973. The main goal was to stimulate and organize objective research in the field of risk, uncertainty, and insurance, in a world in which such issues were clearly becoming of greater and greater relevance for all economic actors. This was a pioneer ing effort, especially as economic theory and the teaching of economics were still anchored to the key notion of general equilibrium under an assumption of certainty. Thus, we had to start our work almost from scratch. One of the first initiatives was to bring together in Geneva, in June of 1973, all the academics in Europe already involved in risk and insurance economics. We found eight from five different countries who never had met before. This seminar chaired by Raymond Barre, the first president of The Geneva Association, was the first of an annual series that became known as the seminar of "The European Group of Risk and Insurance Economists." Since then more than 100 economists from most European countries as well as participants from two other continents and in particular from the United States have taken part in this seminar.
Who Gets What And Why
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Author : Alvin E. Roth
language : en
Publisher: Houghton Mifflin Harcourt
Release Date : 2015
Who Gets What And Why written by Alvin E. Roth and has been published by Houghton Mifflin Harcourt this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
A Nobel laureate reveals the often surprising rules that govern a vast array of activities -- both mundane and life-changing -- in which money may play little or no role. If you've ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, you've participated in a kind of market. Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of "goods," like a spot in the Yale freshman class or a position at Google? This is the territory of matching markets, where "sellers" and "buyers" must choose each other, and price isn't the only factor determining who gets what. Alvin E. Roth is one of the world's leading experts on matching markets. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients. In Who Gets What -- And Why, Roth reveals the matching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions.
Four Essays In The Theory Of Uncertainty And Portfolio Choice
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Author : Jonathan Eaton
language : en
Publisher: Dissertations-G
Release Date : 1979
Four Essays In The Theory Of Uncertainty And Portfolio Choice written by Jonathan Eaton and has been published by Dissertations-G this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.
Essays In Honor Of Edwin Mansfield
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Author : Albert N. Link
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-07-01
Essays In Honor Of Edwin Mansfield written by Albert N. Link and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-01 with Business & Economics categories.
Edwin Mansfield was a research pioneer into the economics of R and D and technological change. As appreciation and remembrance for his scholarly contributions, eminent scholars have contributed original papers for this edited volume. The authors have followed the "Mansfieldian” approach of emphasizing economic insight and intuition over mathematical rigor and as a result are very accessable. Essays in Honor of Edwin Mansfield has the potential to serve as a reader in all advanced undergraduate and graduate classes/seminars in the economics of R and D and technological change. This edited volume will be the definitive work in the field.