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	Provedor de dados AgEcon (4) Autor Baiardi, Donatella (1) Fairfax, Sally (1) Manera, Matteo (1) McKenzie, David (1) Menegatti, Mario (1) Traeger, Christian P. (1) Mais... Palavra-chave Prudence (4) D81 (2) E21 (2) Uncertainty (2) Ambiguity (1) Arbitrary and capricious (1) C23 (1) Climate change (1) Confidence (1) Consumption (1) Consumption growth (1) D61 (1) D90 (1) Discounting (1) Environmental Economics and Policy (1) Environmental Risk (1) Expected utility (1) Financial Risk (1) H39 (1) H41 (1) Mais... Tipo do documento Working or Discussion Paper (3) Working Paper (1) Ano 2011 (2) 2001 (1) 1999 (1) País United States (4) Idioma Inglês (4)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 4 Primeira ... 1 ... Última Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks AgEcon Baiardi, Donatella; Manera, Matteo; Menegatti, Mario. This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between financial and environmental risks affect consumption. Moreover, we suggest a solution to some shortcomings which concern the empirical analysis performed with one-argument utility functions. Finally, we provide new estimates of indexes of relative risk aversion and relative prudence, and relative preference of environmental quality. Tipo: Working or Discussion Paper Palavras-chave: Consumption; Precautionary Saving; Financial Risk; Environmental Risk; Prudence; Relative Risk Aversion; Uncertainty; Environmental Economics and Policy; D81; E21; Q50. Ano: 2011 URL: http://purl.umn.edu/115845 Consumption Growth in a Booming Economy: Taiwan 1976-96 AgEcon McKenzie, David. Consumption and income have both grown rapidly in Taiwan over the past forty years, with younger birth cohorts experiencing faster growth. The long upward trend in consumption presents a strong challenge to the consumption smoothing predictions of the Permanent Income Hypothesis. We investigate the extent to which consumption theory can account for this trend in an environment where a large majority of households have high savings rates. Household survey data from 1976-96 are used to estimate dynamic pseudo-panel models with inter-cohort heterogeneity. We evaluate the impacts on consumption of migration, mortality, household composition, liquidity constraints, unanticipated aggregate shocks, hyperbolic discounting, habit formation and precautionary saving.... Tipo: Working or Discussion Paper Palavras-chave: Consumption growth; Pseudo-panel; Prudence; Taiwan; International Development; O12; O16; E21; C23. Ano: 2001 URL: http://purl.umn.edu/28398 Discounting and confidence AgEcon Traeger, Christian P.. Revision of CUDARE Working Paper 1117 issued June 2011 Tipo: Working Paper Palavras-chave: Uncertainty; Discounting; Climate change; Ambiguity; Confidence; Subjective beliefs; Prudence; Pessimism; Expected utility; Intertemporal substitutability; Intertemporal risk aversion; Risk and Uncertainty; D61; Q54; D81; D90. Ano: 2011 URL: http://purl.umn.edu/120418 Lessons for the Forest Service from State Trust Land Management Experience AgEcon Fairfax, Sally. This paper argues that state trust land management experience is potentially a source of valuable insights and examples for the U.S. Forest Service. The paper sketches historic and current trends in public resource administration to define what constitutes useful new ideas which might aid the agency in its present crisis. In spite of being this nation's oldest approach to public resource management, the state trust lands are an appropriate source of new ideas in an era in which, the paper suggests: (1) the courts are receding as a major source of executive accountability, (2) the legitimacy of federal agencies, particularly those whose authority is rooted in science, is declining, and (3) the institutional framework for public resource management is... Tipo: Working or Discussion Paper Palavras-chave: State; Trust principles; Non-delegation; Arbitrary and capricious; Prudence; Portfolio; Risk management; Institutional flexibility; Land Economics/Use; H41; H39; N5; Q23; Q28. Ano: 1999 URL: http://purl.umn.edu/10780 Registros recuperados: 4 Primeira ... 1 ... Última

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