Multi-factor dynamic investment under uncertainty
Article Abstract:
Multi-factor dynamic investment model explains labor and capital investment dynamics under uncertainty. The model shows an optimal investment strategy in a time-controlled framework with various labor and capital factors that is costly to reverse. It was shown that costly reversibility suggests that investment, in particular, is expected to show periods of inactivity, or accumulation or decumulation. Marginal profitability of a factor can be used to determine investment express rules.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1997
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Feasible Bayesian implementation with state dependent feasible sets
Article Abstract:
Bayesian Inventive Compatibility, Bayesian Monotonicity and Closure are necessary and sufficient conditions for the Bayesian Implementation. Moreover, the model has a broader scope in that it permits externalities and the flexible information structures. However, feasible Nash implementation is attainable through the necessary and sufficient condition called Endowment Condition.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1998
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When should bank regulation favor the wealthy?
Article Abstract:
Conditions under which there may be good reasons for economies to restrict the access of poor agents to savings opportunities are examined.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2001
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- Abstracts: Decision making under uncertainty and the evolution of interdependent preferences
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