Tape Reading By Linda Bradford Raschke 1 pot

... respect to p 1 yields (1 + p 1 ) c ∗ 1 ∂c ∗ 1 ∂p 1 = 1   (1 + p 1 ) (1 + p 2 )  ( W 11 u  (c ∗ 1 ) 2 −W 12 u  (c ∗ 1 )u  (c ∗ 2 ))  c ∗ 1 u  (c ∗ 1 ) u(c ∗ 1 ) − W 12 u  (c ∗ 1 )u  (c ∗ 2 ) +W 22 u  (c ∗ 2 ) 2  + ... (z/µ)(∂µ/∂z) = 1. August 18 , 2007 Time: 11 :06am chapter13.tex Chapter 13 • 11 7 Differentiating (13 A .1) with respect t...

Ngày tải lên: 22/06/2014, 18:20

... Differentiating (5. 21) totally with respect to T and inserting the proper expressions from (5.20), we obtain dR ∗ dT =            1 A  (1 − σ )ρ − δ 1 − exp  − 1 σ ( (1 − σ )ρ − δ)T   , (1 − σ ... interest, optimum consumption is given by (5 .12 ), and c ∗ (0) is determined by condition (5 .11 ) with F (z) = 1, 0 ≤ z ≤ T: c ∗ (0)  T 0 exp   z 0  (1 − σ ) σ...

Ngày tải lên: 22/06/2014, 18:20

... p(α) − λ p x a = 0, (11 .20) v  ( ˆ b + δ ˆ a x )p(α) + v  ( ˆ b) (1 − p(α)) − λ = 0, (11 . 21) where λ>0 is the Lagrangean associated with (11 .18 ). Equations (11 .18 )– (11 . 21) jointly determine ... p x a v  ( ˆ b + δ ˆ a x )]. (11 A .19 ) It is seen from (11 A .18 ) and (11 A .19 ) that ∂ ˆ a x /∂α < 0 and ∂ ˆ b/∂α > 0, provided p x a − δ>0. August 18 , 2007 Time: 10...

Ngày tải lên: 22/06/2014, 18:20

... 0.006259 10 8 0.00 017 5 0.000 813 0.0 018 30 0.003784 10 9 0.000094 0.000455 0.000974 0.00 213 1 11 0 0.000049 0.000244 0.000473 0.0 011 00 11 1 0.000025 0.00 012 5 0.000206 0.000 510 11 2 0.000 012 0.0000 61 0.000078 ... 0.008094 0.0259 61 0.04 218 8 0.06 517 0 10 1 0.005462 0. 018 442 0.032040 0.050582 10 2 0.003608 0. 012 814 0.023776 0.038 510 10 3 0.002329 0.008695 0. 017 172...

Ngày tải lên: 22/06/2014, 18:20

... is c ∗ = c 1 = c 2 and R ∗ = R 1 = R 2 , where c ∗ = w  1 α (e αM − 1) + p α 1 (1 − e −α 1 (R ∗ −M) ) + 1 − p α 2 (1 − e −α 2 (R ∗ −M) )  1 α (e αM − 1) + p α 1 + 1 − p α 2 . (8. 31) August 20, ... = pF 1 (z)r 1 (z) + (1 − p)F 2 (z)r 2 (z) pF 1 (z) + (1 − p)F 2 (z) = δr 1 (z) + (1 − δ)r 2 (z), M ≤ z ≤ T, (8.25) where δ = δ(z) = pF 1 (z) pF 1 (z) + (1...

Ngày tải lên: 22/06/2014, 18:20

... 31, 2007 Time: 03:51pm chapter02.tex Benchmark Calculations • 13 Table 2 .1 Consumption, Savings, and Wealth at Retirement. ρ = 1 2 ρ = 2 3 M = 0 M = 5 M = 0 M = 5 c .89 .68 .86 .66 1 − c .11 ... (figure 3.4): ∂ F (z,α,T) ∂α = 1 − e −αz 1 − e −αT  T e αT − 1 − z e αz − 1  < 0, 0 < z < T = 0, z = 0, T, (3.8) and ∂ F (z,α,T) ∂T = α e αT − 1  1 − e −αz 1 − e −αT ...

Ngày tải lên: 22/06/2014, 18:20

... p) ˆ a 0 ) u  ( ˆ a 0 ) , (16 .12 ) with ˆ a 0 determined by (16 .10 ) and (16 .11 ): − E [u  (y 0 + y 1 − E( p) ˆ a 0 − q 1 1 ˆ a 1 (p) + q 2 1 ˆ b 1 (p))]E ( p) + E [pu  ( ˆ a 0 + ˆ a 1 (p) − ˆ b 1 (p))] = 0. (16 .13 ) When ˆ a 1 (p) ... all q 1 1 , E( p) < q 1 1 < p. From (16 A.6), the condition is ϕ  (q 1 1 ) =  p p a  ˆ a 1 (p) + ( ˆ q 1 1 − p) d...

Ngày tải lên: 22/06/2014, 18:20

... distributions and, 10 4–5; unintended, 1 2, 98, 10 4–5 Bernheim, D. B., 1n1, 27 Bible, 1 Biggs,J.H. ,11 Bodie, Z., 13 2, 13 5 bounded rationality, xiv, 3 Bowers, N. L., 11 Brown, J. R., 1 3, 13 , 33, 67, 81, 14 0n49 August ... August 18 , 2007 Time: 11 :35am index.tex 15 8 • Index Brugiavini, A., 82n26, 13 6, 14 2n 51 bundling, xiii, 8; adverse selection and, 13 1; cost of...

Ngày tải lên: 22/06/2014, 18:20

... modified by wider reading. Great Events by Famous Historians, Vol. 1, The 4 Great Events by Famous Historians, Vol. 1, The Project Gutenberg's The Great Events by Famous Historians, Vol. 1, by ... then shall this woman be burned to death. 11 1. If an inn-keeper furnish sixty ka of _usakani_-drink to she shall receive fifty ka of corn at the harvest. 11 2. If anyone be on...

Ngày tải lên: 08/03/2014, 14:20

... Questions 13 to 17 refer to the following passage: A good way of reducing long-term stress is to take ___ (13 ) ___ a relaxing sport or hobby in your own time. If you ___ (14 ) ___ all your ... 13 (A) in 16 (A) so (B) up (B) as (C) off (C) and (D) over (D) since 14 (A) sit 17 (A) plans (B) stand (B) sports (C) think (C) activities (D) spend (D) freedoms 15...

Ngày tải lên: 24/02/2014, 18:20