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Dynamic Models of Investment

Fabio-Cesare Bagliano and Giuseppe Bertola

in Models for Dynamic Macroeconomics

Published in print:
2004
Published Online:
January 2005
ISBN:
9780199266821
eISBN:
9780191601606
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199266824.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

Introduces continuous‐time Hamiltonian and stochastic calculus techniques in the presence of convex adjustment costs or irreversibility constraints. Dynamic optimality conditions and phase diagram ... More


Rethinking Social Security Claiming in a 401(k) World

James I. Mahaney and Peter C. Carlson

in Recalibrating Retirement Spending and Saving

Published in print:
2008
Published Online:
January 2009
ISBN:
9780199549108
eISBN:
9780191720734
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199549108.003.0007
Subject:
Business and Management, Pensions and Pension Management

Previous research has failed to recognize critical factors that greatly impact the discussion on when it is most beneficial to start Social Security retirement benefits. This chapter shows that the ... More


Redefining Traditional Plans: Variations and Developments in Public Employee Retirement Plan Design

Keith Brainard

in The Future of Public Employee Retirement Systems

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199573349
eISBN:
9780191721946
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199573349.003.0012
Subject:
Business and Management, Public Management, Pensions and Pension Management

Retiree benefits for US employees of state and local governments have been traditionally paid via defined benefit (DB) plans, but this arrangement has been neither monolithic nor static. This chapter ... More


Transport Services

Christopher Findlay

in A Handbook of International Trade in Services

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199235216
eISBN:
9780191715624
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199235216.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

Lower transport costs are associated with integration of markets within an economy and of those domestic markets with the rest of the world. These linkages support economic development. Determinants ... More


Overview

Aaditya Mattoo and Robert M. Stern

in A Handbook of International Trade in Services

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199235216
eISBN:
9780191715624
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199235216.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter discusses the four modes of supply of services that are covered by the GATS, the sources of services data, and the services growth experiences of selected countries and regions. It then ... More


From Currency to Capabilities

Benjamin J. Cohen

in Currency Statecraft: Monetary Rivalry and Geopolitical Ambition

Published in print:
2018
Published Online:
May 2019
ISBN:
9780226587691
eISBN:
9780226587868
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226587868.003.0002
Subject:
Political Science, International Relations and Politics

This chapter provides a brief introduction to the nature of currency internationalization and its implications for state power. Currencies may play a variety of roles both within markets and between ... More


Models of Investment

GREGORY C. CHOW

in Dynamic Economics: Optimization by the Lagrange Method

Published in print:
1997
Published Online:
October 2011
ISBN:
9780195101928
eISBN:
9780199855032
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195101928.003.0008
Subject:
Economics and Finance, Financial Economics

In models that represent the investment decision made by a firm, the decision is to be perceived as an option to invest. As such, the option cannot be reversed once it has been employed. By the ... More


Labor Demand and the Source of Adjustment Costs

Daniel S. Hamermesh

in Demand for Labor: The Neglected Side of the Market

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198791379
eISBN:
9780191833847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198791379.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

A dynamic-programming model with quadratic adjustment costs generates an estimate of the lower bound on the fraction of adjustment costs that are gross costs. A model with lumpy costs of adjustment ... More


Overview

Elvira Silva, Spiro E. Stefanou, and Alfons Oude Lansink

in Dynamic Efficiency and Productivity Measurement

Published in print:
2021
Published Online:
April 2021
ISBN:
9780190919474
eISBN:
9780197537176
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190919474.003.0002
Subject:
Economics and Finance, Microeconomics

This chapter characterizes production in a dynamic decision-making environment. The classic characterization of static firm decision making is contrasted with the dynamic decision environment where ... More


Primal Analytical Foundations of Dynamic Production Analysis

Elvira Silva, Spiro E. Stefanou, and Alfons Oude Lansink

in Dynamic Efficiency and Productivity Measurement

Published in print:
2021
Published Online:
April 2021
ISBN:
9780190919474
eISBN:
9780197537176
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190919474.003.0003
Subject:
Economics and Finance, Microeconomics

This chapter develops dynamic production analysis within the context of the adjustment cost model of the firm, where adjustment costs are associated with changes in the level of the quasi-fixed ... More


Turnover and the Dynamics of Labor Demand

Daniel S. Hamermesh

in Demand for Labor: The Neglected Side of the Market

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198791379
eISBN:
9780191833847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198791379.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

The theory of the dynamics of labor demand is based either on the costs of adjusting the level of employment or on the costs of hiring or firing (of gross changes in employment). We write down a ... More


A New Approach to the Valuation of Intangible Capital

Jason G. Cummins

in Measuring Capital in the New Economy

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226116129
eISBN:
9780226116174
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226116174.003.0003
Subject:
Economics and Finance, Econometrics

This chapter discusses conceptual and measurement issues about the market valuation approach to measuring intangible capital that has appeared in the recent literature. It explains how intangible ... More


Introduction

Elvira Silva, Spiro E. Stefanou, and Alfons Oude Lansink

in Dynamic Efficiency and Productivity Measurement

Published in print:
2021
Published Online:
April 2021
ISBN:
9780190919474
eISBN:
9780197537176
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190919474.003.0001
Subject:
Economics and Finance, Microeconomics

This chapter focuses on the notion of production and how economists characterize production relationships in the context of the literature, and then presents a brief historical overview of the ... More


Using Scanner Data to Improve the Quality of Measurement in the Consumer Price Index

William J. Hawkes and Frank W. Piotrowski

in Scanner Data and Price Indexes

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226239651
eISBN:
9780226239668
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226239668.003.0002
Subject:
Economics and Finance, Econometrics

This chapter employs scanner data for price measurement of ice cream. Using scanner or other electronic point-of-sale (EPOS) data in consumer price indexes (CPIs) produce more data and, consequently, ... More


Real Options and q Theory

Kerry E. Back

in Asset Pricing and Portfolio Choice Theory

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190241148
eISBN:
9780190241179
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190241148.003.0020
Subject:
Economics and Finance, Financial Economics

The theory of perpetual options and dynamic programming are applied to analyze the optimal capital investment of a firm. When investment is continuous and capital is the numeraire, the marginal value ... More


Dynamic Efficiency and Productivity Measurement

Elvira Silva, Spiro E. Stefanou, and Alfons Oude Lansink

Published in print:
2021
Published Online:
April 2021
ISBN:
9780190919474
eISBN:
9780197537176
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190919474.001.0001
Subject:
Economics and Finance, Microeconomics

The book takes on a systematic treatment of dynamic decision making and performance measurement. The analytical foundations of the dynamic production technology are introduced and developed in detail ... More


Empirical Literature

Alex Bryson, Richard Freeman, Claudio Lucifora, Michele Pellizzari, and Virginie Pérotin

in Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199669806
eISBN:
9780191749407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199669806.003.0014
Subject:
Economics and Finance, Macro- and Monetary Economics

Most studies suggest that when firms have good performance measures, performance-related pay is associated with improved employee productivity and better worker–firm match. If all firms that would ... More


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