Optimal investment in social signals.

Optimal investment in social signals Investissement optimal dans les signaux sociaux

Insurer Optimal Asset Allocation in a Small and Closed Economy: The Case of Iran’s Social Security Organization

We seek to determine the optimal amount of the insurer’s investment in all types of assets for a small and closed economy. The goal is to detect the implications and contributions the risk seeker and risk aversion insurer commonly make and the effectiveness in the investment decision. Also, finding the optimum portfolio for each is the main goal of the present study. To this end, we adopted the...

Optimal social security in a dynastic model with investment externalities and endogenous fertility

This paper studies optimal pay-as-you-go social security with positive bequests and endogenous fertility. With an investment externality, a competitive solution without social security suffers from under-investment in capital and over-reproduction of population. We show that social security can improve welfare by reducing fertility and increasing capital intensity. We also illustrate numericall...

An Efficient Approach for Optimal Placement of TCSC in Double Auction Power Market

This paper proposes an investment cost recovery based efficient and fast sequential optimization approach to optimal allocation of thyristor controlled series compensator (TCSC) in competitive power market. The optimization technique has been used with an objective to maximizing the social welfare and minimizing the device installation cost by suitable location and rating of TCSC in the system....

Delegating Investment in a Common-Value Project

I investigate the problem of delegating an investment e ort when it is not known in advance which rm is most e cient, or whether the investment should be made at all. The motivating problem is that of commissioning R&D instead of relying on patent incentives. Firms have di erent private signals of a project's private (and social) value, and di erent costs of achieving it. I show that the two al...