نتایج جستجو برای: elasticity of risk frequency
تعداد نتایج: 21298631 فیلتر نتایج به سال:
Though risk aversion and the elasticity of intertemporal substitution have been the subjects of careful scrutiny, the long-run risks literature as well as the broader literature using recursive utility to address asset pricing puzzles has ignored the full implications of their parameter specifications. Recursive utility implies that the temporal resolution of risk matters and a quantitative ass...
The refinement in worker fatality risk data used in hedonic wage studies and evidence from new stated preference studies have facilitated the exploration of the heterogeneity of the value of statistical life (VSL). Although the median VSL estimate for workers is $7–$8 million, the VSL varies considerably within the worker population. New estimates of the income elasticity of VSL are 1.0 or abov...
We extend the Lucas economy (1978) to the case of preferences a la Kreps-Porteus (1978) when the dividend (fruit) process follows a geometric Brownian Motion. In the representative agent case, the equilibrium price reveals a two-stage mechanism. First, the risk averse agent adjusts downward the average growth rate of dividends to incorporate uncertainty. Then, the e¤ect of the intertemporal ela...
In this paper, the radial breathing mode (RBM) frequency of single-walled carbon nanotube (SWCNT) is studied based on the thin shell theory. For this purpose, SWCNT is considered as an elastic thin cylindrical shell. The dynamic equation of RBM is derived using the Hamilton’s principle. An analytical solution of the RBM frequency of SWCNT is obtained. The advantage of this formulation is that i...
This paper examines how aversion to risk and aversion to intertemporal substitution determine the strength of the precautionary saving motive in a two-period model with Selden/Kreps-Porteus preferences. For small risks, we derive a measure of the strength of the precautionary saving motive which generalizes the concept of “prudence” introduced by Kimball [12]. For large risks, we show that decr...
this paper studies the dynamic behavior of price elasticity and its effects on the overall profit. although price elasticity has a significant effect on sales, its dynamics have not been examined so far in pricing models. in this paper, a simple pricing model is suggested in which, price elasticity is considered dynamic. the suggested pricing model is concerned with a monopolist that its object...
Background: The aim of this study was to establish the frequency of Deep Vein Thrombosis (DVT) and its associated risk factors in patients undergoing neurosurgical procedures. Methods: In a cross-sectional study, 590 consecutive adult patients who underwent neurosurgery in Firoozgar Hospital between March 2006 and 2010 were enrolled. All patients underwent Doppler sonography examination of the ...
In this study, through the elasticity approach, we tried to evaluate the effects of cash subsidy on poverty reduction. In this regard, after the theoretical arguments about the poverty elasticity to income, Gini Coefficient, and price using the data related to the expenses and incomes of the 14701 urban households from 1389 to 1390, the quantitative value of these elasticity was measured and fi...
The purpose of this paper is examines the domestic consumer behavior to income changes, floor coverings price (calculated income elasticity, price elasticity and cross-elasticity), handmade carpets and of carpet by machinery. The results of the models using OLS method in the 1984-2010 shows that Both handmade carpets and carpet by...
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