Library Introduction to The Economic Theory 2 potx
Library Introduction to The Economic Theory_2 potx
... Poterba, 20 04), they test two hypotheses: (1) “Higher- risk individuals self-select into insurance contracts that offer features that, at a given price, are most valuable to them,” and (2) The 2 IT ... include the appropriate allowance for the additional benefit. (Fisher and Young, 1965, p. 420 .) The behavioral aspect (disappointment) may indeed be a factor in the success of th...
Ngày tải lên: 21/06/2014, 16:20
Library Introduction to The Economic Theory_1 pot
... + p 1 )(1 + p 2 )[ W 11 u (c ∗ 1 ) 2 − W 22 u (c ∗ 2 ) 2 u(c ∗ 2 ) c ∗ 2 u (c ∗ 2 ) −W 12 u (c ∗ 1 )u(c ∗ 2 ) −W 12 u (c ∗ 1 )u(c ∗ 2 ) u(c ∗ 2 ) c ∗ 2 u (c ∗ 2 ) −W 1 u (c ∗ 1 ) . (13A.5) The ... (13A .2) where (using (13A.1)) =− (1 + p 1 )(1 + p 2 )λ 2 W 2 1 W 2 2 [ W 11 W 2 2 − 2W 12 W 1 W 2 + W 22 W 2 1 ] −(1 +...
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Library Introduction to The Economic Theory_3 pot
... 0.134641 0.155093 0 .22 2355 95 0.043497 0.107438 0. 129 260 0.187 020 96 0.0 322 63 0.084018 0.1063 32 0.15 529 2 97 0. 023 4 72 0.064413 0.086313 0. 127 3 82 98 0.016760 0.048453 0.069084 0.10 322 8 99 0.011757 0.035806 ... 0.174563 0.313509 0. 321 725 0.43 521 4 90 0.144767 0 .27 3776 0 .28 4338 0.390583 91 0.118099 0 .23 5444 0 .24 8635 0.34 625 6 92 0.094678 0.199 121 0 .21 4996 0....
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Library Introduction to The Economic Theory_4 pptx
... p) T M F 2 (z)(w(z) − c 2 ) dz + M 0 F (z)(w(z) − c) dz = 0. (8 .27 ) From (8 .27 ) it is now straightforward to draw the following conclu- sion: The unique solution to (8 .22 ) and (8 .23 ) that satisfies ... condition with respect to the optimum R is seen to be (7 .2) . Denote the solutions to (7.1), (7 .2) , and (7.9) by ˆ c, ˆα, and ˆ R., respectively. The last...
Ngày tải lên: 21/06/2014, 16:20
Library Introduction to The Economic Theory_6 doc
... insurance markets: The cause of the inefficiency is that individuals disregard the effect of their actions on the equilibrium rate of return on annuities. Essentially, these distortions are due to asymmetric ... 2. Definition (Single crossing or stochastic dominance). The function F 1 (z) is said to (strictly) stochastically dominate F 2 (z) if the hazard rates satisfy f 2...
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Library Introduction to The Economic Theory_7 pptx
... p]. The economy’s resource constraint is E [c 1 + pc 2 ] = y 0 + y 1 . (16 .2) Optimum consumption, the solution to maximization of (16.1) subject to (16 .2) , may depend on p,(c ∗ 1 (p), c ∗ 2 (p)). ... and another exercisable ten years later . . [Such] differences in guaranteed annuity rates according to the future date on which they are exercisable do therefore seem to b...
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Library Introduction to The Economic Theory_8 pot
... 26 ; asymmetric, 6, 118 22 ; bequests and, 82; cost effects and, 119 20 ; full, 82, 87–88, 1 12; medical care and, 54; moral hazard and, 51–55; pooling equilibrium and, 119 22 ; private, 52 53, 82, ... of Public Economics 50: 31– 62. Cannon, E., and I. Tonks. 20 02. Annuity prices, money’s worth and replacement ratios: U.K. experience, 19 72 20 02. Bristol, U.K.: CMPO, Working Paper 02/...
Ngày tải lên: 21/06/2014, 16:20
introduction to the electron theory of metals
... by integrating equation (2. 22) from zero to the Fermi energy E F : Nϭ͐ 0 E F N(E )dE. (2. 23) dN dE ϭ V 2 2 2m ប 2 3 /2 ͙ E 2. 7 Construction of the Fermi sphere 25 Figure 2. 8. The parabolic density ... c 2 . This is possible if the wave number k x satisfies the relation: k x L 2 n x or k x ϭ n x (n x ϭ0, Ϯ1, 2, Ϯ3, . . . ). (2. 9) 2 L 2 ប 2...
Ngày tải lên: 24/04/2014, 17:13
An Introduction to the Mathematics of Money potx
... 199 23 0 26 1 29 1 322 3 52 19 19 50 78 109 139 170 20 0 23 1 26 2 29 2 323 353 20 20 51 79 110 140 171 20 1 23 2 26 3 29 3 324 354 21 21 52 80 111 141 1 72 2 02 233 26 4 29 4 325 355 22 22 53 81 1 12 1 42 173 20 3 ... 20 3 23 4 26 5 29 5 326 356 23 23 54 82 113 143 174 20 4 23 5 26 6 29 6 327 357 24 24 55 83 114 144 175 20 5 23 6 26 7 29 7 328 358...
Ngày tải lên: 28/06/2014, 21:20
a concise introduction to the theory of numbers- baker a.
... rl # 0 then there exist integers q2, re such that b = rlq2+ r2 and 01 r2< r,. If r2# 0 then there exist integers q3, r3 such that rl = r2qj + rs and 0 r3 < r2. Continuing ... triple and there exist integers a, b as above such that x2 = a2- b2, = 2ab and z = a2+ b2. Further, b must be even, for otherwise we would have a even and b odd, and so x2= -1 (m...
Ngày tải lên: 31/03/2014, 16:20