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  1. Multi-agent equilibrium model with heterogeneous views on fundamental risks in incomplete market
    Published: March 2024
    Publisher:  [CIRJE, Faculty of Economics, University of Tokyo], [Tokyo]

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    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 358
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; CIRJE-F-1224
    Subjects: Portfolio-Management; Agentenbasierte Modellierung; Allgemeines Gleichgewicht; Risiko; Unvollkommener Markt; Kapitalmarkttheorie
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  2. Multi-agent equilibrium model with heterogeneous views on fundamental risks in incomplete market
    Published: March 10, 2024
    Publisher:  Center for Advanced Research in Finance, [Tokyo]

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 818
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; CARF-F-578
    Subjects: Portfolio-Management; Agentenbasierte Modellierung; Allgemeines Gleichgewicht; Risiko; Unvollkommener Markt; Kapitalmarkttheorie
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  3. Who should work how much?
    Published: September 2024
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    A production efficiency perspective naturally leads to the prescription that more productive individuals should work more than less productive individuals. Yet, systematic differences in actual hours worked across high- and low-wage individuals are... more

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    Resolving-System (lizenzpflichtig)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    A production efficiency perspective naturally leads to the prescription that more productive individuals should work more than less productive individuals. Yet, systematic differences in actual hours worked across high- and low-wage individuals are barely noticeable. We highlight that the insurance available to households is an important determinant behind this fact. Using a dynamic heterogeneous-agent model with insurance frictions, income effects calibrated to match aggregate hours across time and space, and financial frictions that deliver realistic wealth dispersion, we report stark effects of insurance: perfect insurance would raise aggregate labor productivity by 9.6 percent and decrease hours worked by 7.7 percent

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w32977
    Subjects: Arbeitsproduktivität; Agentenbasierte Modellierung; Theorie; General; Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers