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Fixed point for local contractions: applications to recursive utility
(Wiley-Blackwell, 2013-03)
The paper shows how fixed-point results for local contractions apply to the study of the existence and uniqueness of recursive utility functions defined on subsets of + and being continuous for a specific topology. Two ...
Dynamic hedging with stocastic differential utility
(Escola de Pós-Graduação em Economia da FGV, 2003-05-22)
In this paper we study the dynamic hedging problem using three different utility specifications: stochastic differential utility, terminal wealth utility, and we propose a particular utility transformation connecting both ...
Optimal Economic growth with recursive preferences: decreasing rate of time preference
(Universidad de Chile. Facultad de Economía y Negocios, 1998-12)
In the field of optimal growth theory, since Ramsey's time it is frequent to maximize a welfare function consisting of the discounted sum of instantaneous utilities. Such an optimality criterion implies that preferences ...
Trading constraints penalizing default: a recursive approach
(Elsevier Science Sa, 2008-01-20)
This paper proves existence of an ergodic Markov equilibrium for a class of general equilibrium economies with infinite horizon, incomplete markets, and default. Agents may choose to deny their liabilities and face trading ...
Interesse recursal no processo civil brasileiro
(2019)
Para ser julgado no mérito, obrigatoriamente, o recurso necessita ultrapassar o juízo de admissibilidade, para, então, ser conhecido pelo órgão julgador. O juízo positivo de admissibilidade somente ocorre quando o recurso ...
Empirical selection of optimal portfolios and its influence in the estimation of Kreps-Porteus utility function parameters
(Sociedade Brasileira de Econometria, 2016-03-10)
This paper investigates the effects on the estimation of parameters related to the elasticity of intertemporal substitution and risk aversion, of the selection of different portfolios to represent the optimal aggregate ...
La legitimidad recursal del agraviado y la elevación de actuados al fiscal superior, en referencia a los delitos contra la administración pública- distrito fiscal de huaura periodo 2012 - primer semenstre 2013
(Universidad Nacional José Faustino Sánchez Carrión, 2013)
La presente investigación se orientó a determinar la ausencia de legitimidad para impugnar que ostenta el denunciante (no agraviado), con la Disposición Fiscal de no procedencia y/o continuación de la investigación. Bajo ...
La legitimidad recursal del agraviado y la elevación de actuados al fiscal superior, en referencia a los delitos contra la administración pública- distrito fiscal de huaura periodo 2012 - primer semenstre 2013
(Universidad Nacional José Faustino Sánchez Carrión, 2016)
Equity-premium puzzle: evidence from Brazilian data
(Escola de Pós-Graduação em Economia da FGV, 2005-04-01)
This paper uses 1992:1-2004:2 quarterly data and two di§erent methods (approximation under lognormality and calibration) to evaluate the existence of an equity-premium puzzle in Brazil. In contrast with some previous works ...