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This thesis develops equilibrium models, and studies the effects of market frictions on risk-sharing, derivatives pricing, and trading patterns.In the chapter titled "Imbalance-Based Option Pricing", I develop an equilibrium model of fragmented options m ...
How much additional tax revenue can the government generate by increasing labor income taxes? In this paper we provide a quantitative answer to this question, and study the importance of the progressivity of the tax schedule for the ability of the governme ...
In light of the environmental consequences of linear production and consumption processes, the circular economy (CE) is gaining momentum as a concept and practice, promoting closed material cycles by focusing on multiple strategies from material recycling ...
In this work we analyze the architecture of real urban mobility networks from the multiplex perspective. In particular, based on empirical data about the mobility patterns in the cities of Bogot'a and Medell'{\i}n, each city is represented by six multipl ...
This paper inspects the 'deep' habits mechanism originally used by Ravn, Schmitt-Grohé and Uribe (2006) to generate the positive comovement of public and private consumption observed in many VAR studies. In their set-up, the price-elasticity of demand is p ...
Ghent University Faculty of Economics and Business Administration Working Paper 2010/6412011
Virtual organisations are non-conventional structures aiming at sharing the same goals, developing common practices or creating wealth in a collaborative manner. Accordingly, competence issues are important topics to be addressed in order to ensure coheren ...
Richer and healthier agents tend to hold riskier portfolios and spend proportionally less on health expenditures. Potential explanations include health and wealth effects on preferences, expected longevity or disposable total wealth. Using HRS data, we per ...
The “radiotherapy structure set” (RTSTRUCT) object of the DICOM standard is used for the transfer of patient structures and related data, between the devices found within and outside the radiotherapy department. It contains mainly the information for regio ...
Turning greenhouse gas emissions pledges into domestic policies is the next challenge for governments. We address the question of the acceptability of cost-effective climate policy in a real-voting setting. First, we analyze voting behavior in a large ball ...
Centre for Climate Change Economics and Policy2016
The celebrated Kelly betting strategy guarantees, with probability one, higher long-run wealth than any other causal investment strategy. However, on the way to its long-term supremacy, this strategy has a notable downfall: it typically displays high varia ...