Essays about: "incomplete markets"
Showing result 6 - 10 of 11 essays containing the words incomplete markets.
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6. Reducing Inequality via Taxation Reforms - a Macroeconomic Analysis
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : Since the 1980s income and wealth inequality has been increasing in Europe and the United States. This paper examines taxation reform scenarios to reduce inequality in Germany, while simultaneously observing the effects on macroeconomic variables. READ MORE
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7. Irreversible Investments under Uncertainty and Inside-ownership. Real Option Approach in a Reduced Form Hazard Model
University essay from Göteborgs universitet/Graduate SchoolAbstract : This thesis investigates the probability of making a marginal investment in 33 Swedish Large Cap firms from 2005 to 2015. We use marginal rate of return as a trigger event in an option to delay. This is then examined in a reduced form hazard model using the Black & Scholes option parameters. READ MORE
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8. Time-Varying Uncertainty and Durable Adjustment
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : A large share of demand fluctuations over the business cycle are due to fluctuations in consumer spending on durable goods. Households adjust their durable holdings infrequently, and adjustment is even less likely when the economy is in a recession than when it is in an expansion. READ MORE
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9. Contracting out elderly care services: Is quality affected?
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : Objectives, incentives and markets. These factors are closely intertwined, almost bundled in a package. In this paper my intent is to unbundle them; look closer at these components in an effort to investigate if there are quality differences between private and public special housing accommodations in Sweden. READ MORE
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10. Game contingent claims
University essay from KTH/Matematisk statistikAbstract : Abstract Game contingent claims (GCCs), as introduced by Kifer (2000), are a generalization of American contingent claims where the writer has the opportunity to terminate the contract, and must then pay the intrinsic option value plus a penalty. In complete markets, GCCs are priced using no-arbitrage arguments as the value of a zero-sum stochastic game of the type described in Dynkin (1969). READ MORE
