Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 22 for “"representative agent"”.
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A representative agent asset pricing model with Bayesian model averagin of copula-based densities
Esta tesis solo está en formato papel por lo que se debe consultar en la propia Biblioteca Di Tella. La consulta se hace solo bajo reserva escribiendo a serviciosbiblio@utdt.edu.
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Accounting for Additional Heterogeneity: A Theoretic Extension of an Extant Economic Model
<p>The assumption in economics of a representative agent is often made. However, it is a very rigid assumption. Hall and Jones (2004b) presented an economic model that essentially provided for a representative agent for each age group in determining the group's health level function. Our work seeks …
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Diverse Behavior Prediction through Deep Hybrid Models
Predicting future motions of agents is a crucial task for autonomous vehicles. This task is challenging due to multi-modal traffic agent behaviors such as maneuvers. In addition, predictors are often required to generate a limited number of prediction samples to cover diverse behaviors, due to the …
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Cyclical dynamics in idiosyncratic consumption risk
… the equity premium by 4.1 percent from the representative-agent case, using a risk aversion of only 10-15.
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Essays on Taxation and Fiscal Policy
… dominated by an agriculture sector, we allow for agents that are credit constrained and noncredit-constrained . First, we observe and provide new evidence that allowing for household heterogeneity significantly alters how fiscal policy affects consumption, output, and labor in developing countries …
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Bankruptcy and Transaction Costs in General Financial Models
… is the well accepted fact that models with a representative agent and without financial frictions yield equilibrium outcomes that are inconsistent with the empirical realities of financial markets. The general financial models are characterized by two main features: heterogeneous agents and …
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Three essays in macroeconomics
… is a real risk-free bond. The model features a representative-agent economy with proportional taxes on labor and capital. Taxes on capital must be set one period in advance, reflecting inertia in tax codes. This rules out replication of the complete markets allocation. In the model, capital …
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Three essays on international trade
… and FDI firms, and the incentive of the representative agent. Essay II develops an elementary theory of global supply chains. It considers a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of …
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Recovery theorem: expounded and applied
… which being time additive preferences of a representative agent. Attention is then turned to practical application of the theorem. The author identifies a number of obstacles to applying the result { some of which are somewhat atypical and have not been directly addressed in the literature { …
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Spatial structure and informational asymmetry in the economics of multiple stock renewable resources
… on the other. Using a disaggregated or "representative agent model," I compare the relative performance of various regulatory instruments meant to control bycatch and discarding: price instruments, vessel quotas (trip limits), and value-based quotas. I show that the relative performance …
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Real investment and dividend policy in a dynamic stochastic general equilibrium (DSGE) model. Corporate finance at an aggregate level through DSGE models.
… aggregate dividend policy to the level of the representative agent¿s habit motive. My results show that, when the habit motive gets stronger, the volatility of optimal aggregate payouts increases while the volatility of aggregate consumption decreases. This is consistent with the hypothesis …
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Essays in Monetary Policy and Growth
… fiscal policy at the zero lower bound (ZLB) in representative agent New Keynesian models, using the simplest possible version of such a model. (1) Monetary policy is typically described as facing a time consistency problem at the zero lower bound; but if ZLB episodes are a repeated game rather …
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Essays in monetary and fiscal policy
… household consumption. I argue that traditional representative agent models focusing on substitution effects ignore a key component of the monetary policy transmission mechanism, which exists because those who gain from accommodative monetary policy have higher marginal propensities to consume …
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Essays on Migration, Remittance, and Welfare
… data, I find that the average welfare gains to a representative agent are equivalent to a 1.9 percent increase in consumption. About 15 percent of these gains arise from less volatile income and the rest arises from higher income and growth. Using household data from five countries, I find that …
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Habit Modification in Consumption: Theory and Evidence
… modification in consumption. Two alternative representative-agent models are proposed: the first allows for a complementarity between durables and non-durables, the second emphasises the role of credit. The thesis concentrates on the latter model where the contractual nature of household …
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Vertical Entitativity of Management and Perceived Organizational Support and Competence
… organizational perceptions given their role as a representative agent of the organization (Shanock & Eisenberger, 2006). This research question builds off work on the concept of the supervisor’s organizational embodiment (SOE), “the extent to which employees identify their supervisor with the …
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Essays on Macroeconomics and Labor Markets
… for counteracting recessions. However, existing representative agent models including the neoclassical and New Keynesian benchmark rule out transfers by assumption. This paper provides a role for transfers by building a borrower-lender model with equilibrium credit spreads and monopolistic …
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Doctors' labour supply and incentives : a collection of essays
… labour supply models over the lifecycle for a representative agent using a pooled cross-section dataset from the LFS for ‘partner’ GPs (Selfemployed), ‘salaried’ GPs, hospital doctors, lawyers and accountants. The main finding posits that the reduction in female doctors’ average weekly hours of …
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Essays on Nonparametric Estimation of Asset Pricing Models
… of models that can prevent misspecification of agents’ utility functions or the distribution of asset returns. Evidence for potential nonlinearity is seen in the presence of non-Gaussian distributions and excessive volatility of stock returns, or non-monotonic stochastic discount factors in …
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Optimal labor income taxation with perks
… workers and firms as well as between those agents and the fiscal authority. If it is well known, in fact, that labor contracts tying wages to performance may mitigate the efficiency costs from unobservable effort, it is also an empirical fact that real word contracts, and the incentives …
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