... ,1), and λ>0istheLagrange multiplier of (14. 18). August 18, 2007 Time: 11:22am chapter14.tex CHAPTER 14 Optimum Taxation in Pooling Equilibria 14. 1 Introduction We have argued that annuity markets ... equilibria see, for example, Laffont and Martimort (2002) and Salanie (1997). As before, we assume that only linear price policies are feasible. August 18, 2007 Time: 11:22am chapter14.t...
Ngày tải lên: 21/06/2014, 08:20
... appli- cable to annuitants, that is, those who purchase private annuities. As figures 9.1 (a) and (b) clearly display, at all ages annuitants, whether males or females, have higher survival rates than ... “instantaneous” typically means “annual,” that is, a 1-year annuity. August 20, 2007 Time: 05:49pm chapter09.tex Appendix A. Survival Rates for a 1935 Birth Cohort Table 9 .A. 1. Populat...
Ngày tải lên: 21/06/2014, 08:20
Theory of Interest and Life Contingencies With Pension Applications A Problem Solving Approach by Michael M_5 pptx
... the market and distributes the market returns annually among the surviving members of each age cohort. 5.4 Partial Annuitization: No Short-Term Annuity Market Many practical questions about annuitization ... age, R, an individual decides on a consumption path and on a retirement age according to a August 3, 2007 Time: 04:10pm chapter06.tex 46 • Chapter 6 at age z, r(z), is equal to F ’s...
Ngày tải lên: 21/06/2014, 08:20
Theory of Interest and Life Contingencies With Pension Applications A Problem Solving Approach by Michael M_7 pot
... individuals are, at least partially, backed by nonannuitized assets (collateral), but some can be regarded as negative annuities. For example, credit card debts have a high default rate upon death ... for as long as the annuitant is alive. Annuities are typically sold to individuals by insurance firms at a price that depends on the payout stipulations and on individual characteristics, in...
Ngày tải lên: 21/06/2014, 08:20
Theory of Interest and Life Contingencies With Pension Applications A Problem Solving Approach by Michael M_9 doc
... of mortality. Cambridge, MA: National Bureau of Economic Research, Working Paper 11963, January. Davidoff, T., J. R. Brown, and P. A. Diamond. 2005. Annuities and individual welfare. American Economic ... 95(5):1573–1590. Deaton, A. , and C. Paxson (1997). The effects of economic and population growth on national savings and inequality, Demography 34: 97– 114. Diamond, P. A. 2003. Taxatio...
Ngày tải lên: 21/06/2014, 08:20
Báo cáo khoa học: "A PROBLEM SOLVING APPROACH TO GENERATING TEXT FROM SYSTEMIC GRAMMARS" docx
... system or a gate. An AI problem solver can thus use a systemic grammar as part of its knowledge base, and solve grammatical problems in exactly the same way as it solves medical problems using ... where AI problem solving techniques are applied directly to an unadulterated systemic gram- mar. This approach is made possible by a special relationship between systemic gramm...
Ngày tải lên: 18/03/2014, 02:20
Practicing Organization Development (A guide for Consultants) - Part 14 pptx
... Interventions.) OD started with small groups and action research as a means for creating organi- zational change. This was followed by an emphasis on changing the individual and leadership. Finally, there was ... business (financial capability, strategic capability, techno- logical capability); • Knowledge of HR practices (staffing, development, appraisal, rewards, organizational planning, co...
Ngày tải lên: 02/07/2014, 02:20
trigonometric functions – problem solving approach (hàm số lượng giác tiếp cận theo hướng giải quyết vấn đề) bởi a. panchishkin và e. shavgulidze
... (2.38), awl the funda- mental trigonometric identity, we have cos 3a = cos (a + 2a) = cos a cos 2a - sin a sin 2a = cos a (2 cos- a- i) - sin a (2 sin a cos a) = 2 cos- a - cos a - 2 sin'' a cos a = 2 cos" a - cos a - 2 (1 - cos 2 a) ... Triple, and Halt Arguments 59 Example 2.2.3. Evaluate tan (2 arctan 3). ~Setting a = 2 arctan 3, we get tan&ap...
Ngày tải lên: 08/04/2014, 10:42
Trường điện từ - electromagnetic field theory
... Rotary ∂ ∂ − ∂ ∂ + ∂ ∂ − ∂ ∂ + ∂ ∂ − ∂ ∂ = ∂ ∂ ∂ ∂ ∂ ∂ =×∇= y a x a k x a z a j z a y a i aaa zyx kji aarot x y zx y z zyx Số phức Hàm mũ ( ) ysiniycoseee xiyxz +== + Hàm mũ là một hàm tuần hoàn có chu kì là 2πi. Thực vậy, ta có 1k2sinik2cose ik2 =π+π= π Suy ... Các tham số điện và hình học c a hệ điện từ và môi trường đối...
Ngày tải lên: 12/10/2012, 15:00
TRƯỜNG ĐIỆN TỪ - ELECTROMAGNETIC FIELD THEORY - chương 2
... phương trình Maxwell sau đây t E JEH 0E ∂ ∂ εε++σ=×∇ r rrr , J E ≡ J O (1.83) t H JE 0M ∂ ∂ μμ−−=×∇ r rr Ta được 33 6 2 211 ac a a cca r r r + ∂ ∂ +=×∇ (1.84) 6 1 5442 a a caca ∂ ∂ −−=×∇ r rr ... luật cảm ứng điện từ c a Faraday và định luật dòng điện toàn phần c a Ampere, Maxwell bằng lý thuyết đã chỉ ra sự tác dụng tương hỗ gi a đt và từ trườ ng cùng với việc đ a ra...
Ngày tải lên: 17/10/2013, 17:15