Essays about: "intertemporal allocation"

Found 3 essays containing the words intertemporal allocation.

  1. 1. Intertemporal Allocation of Indivisible and Durable Goods

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Jörgen Kratz; [2013]
    Keywords : intertemporal allocation; futures mechanism; endowments; Business and Economics;

    Abstract : This paper presents a futures mechanism, as defined by Kurino (2009), allocating a set of indivisible and durable goods among a set of agents over multiple time periods. The mechanism is shown to satisfy individual rationality, Pareto efficiency and non-bossiness for allocation problems with or without endowments. READ MORE

  3. 2. Intertemporal land allocation decision under uncertainty and hyperbolic discounting

    University essay from SLU/Dept. of Economics

    Author : Qi Wang; [2013]
    Keywords : Land Use Decision; Option Value; Quasi-option Value; Uncertainty; Standard Exponential Discounting; Hyperbolic Discounting; Quasi-hyperbolic Discounting;

    Abstract : Land is of prime importance for all the activities of human beings, and how to efficiently use the limited land resource has been a crucial issue ever since the earliest times of human society. Uncertainty and irreversibility are important issues related to land use change, and it has been shown by Mäler and Fisher (2005, p590-p592) that the replacement of stochastic variable by its expected value could result in inappropriate land use decisions. READ MORE

  4. 3. Empirical Testing of the Austrian Business Cycle Theory : Modelling of the Short-run Intertemporal Resource Allocation

    University essay from IHH, Nationalekonomi

    Author : Karl Selleby; Tobias Helmersson; [2009]
    Keywords : Austrian Business Cycle Theory; Hayekian Triangle; Intertemporal Resource Allocation; Unsustainable Growth;

    Abstract : The  Austrian  Business  Cycle  Theory  (ABC)  provides  a  qualitative  explanation  of  why economies go through ups and downs in terms of national income, production output and labor employment. The theory states that interest and money supply policy distort the time preferences of economic agents. READ MORE