Valuing the Waiver: The Real Beauty of Ex Ante over Ex Post
نویسندگان
چکیده
منابع مشابه
An ex ante control chart for project monitoring using earned duration management observations
In the past few years, there has been an increasing interest in developing project control systems. The primary purpose of such systems is to indicate whether the actual performance is consistent with the baseline and to produce a signal in the case of non-compliance. Recently, researchers have shown an increased interest in monitoring project’s performance indicators, by plotting them on the S...
متن کاملبررسی تأثیر نااطمینانی تورمی بر شاخص کل سهام بورس تهران
تورم از جمله پدیده‌های مضر اقتصادی است که اثرات زیان باری بر کل اقتصاد یک کشور بر جای می‌گذارد. اما اکثر اقتصاددانان معتقدند که عمده‌ترین زیان‌های ناشی از تورم از طریق ایجاد نااطمینانی تورم است. نااطمینانی تورمی از طریق اثرهای Ex-ante و Ex-post بر روی متغیرهای حقیقی تأثیر گذاشته و از این کانال زیان‌های زیادی بر کل اقتصاد بر جای می‌گذارد. هدف این مطالعه آزمون این فرضیه است که نااطمینانی تورم بر...
متن کاملUnlikely Estimates of the Ex Ante Real Interest Rate: Another Dismal Performance from the Dismal Science
The ex ante real rate of interest is one of the most important concepts in economics and finance. Because the universally-used Fisher theory of interest requires positive ex ante real interest rates, empirical estimates of the ex ante real interest rate derived from the Fisher theory of interest should also be positive. Unfortunately, virtually all estimates of the ex ante real interest rate pu...
متن کاملINFORMATION ACQUISITION AND EFFICIENT MECHANISM DESIGN BY DIRK BERGEMANN and JUUSO VÄLIMÄKI COWLES FOUNDATION PAPER NO. 1038 COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
1 We consider a general mechanism design setting where each agent can acquire (covert) information before participating in the mechanism. The central question is whether a mechanism exists that provides the efficient incentives for information acquisition ex-ante and implements the efficient allocation conditional on the private information ex-post. It is shown that in every private value envir...
متن کاملEx-ante Impact Study on the Integrated Natural Resources Management in the Middle East and North Africa Region Rangelands Rehabilitation Project in Iran
The purpose of the Integrated Natural Resources Management program in the Middle East and North Africa Region (MENARID) is to bring national investment projects in the field of Integrated Natural Resource Management (INRM). The impact evaluation study tests whether the selected technology has significantly contributed to restore and maintain of the ecosystem functions and productivity, and whet...
متن کامل