Concept

Redistribution of income and wealth

Related publications (33)

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On Risk Reduction in Kelly Betting Using the Conservative Expected Value

Daniel Kuhn, Napat Rujeerapaiboon

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 ...

2018

Equilibrium Models for Derivatives Markets with Frictions

Yuan Zhang

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 ...

EPFL2018

IT Investment and its impacts

Shameem Hasan

This thesis empirically explored the impacts of IT investment on three different scenarios under the common denominator / threads of IT investments. It comprises three different essays on the impacts of IT investments. IT investments and its impact on many ...

EPFL2018

The Economics of Sharing Markets

Maryam Razeghian Jahromi

Sharing and redistributing assets between individuals has become a noticeable part of the economy. Ownership is no longer the sole mode of consumption and consumers have the option of choosing between ownership and access-based consumption. This change in ...

EPFL2017

Coming Full Circle Why Social and Institutional Dimensions Matter for the Circular Economy

Vincent Moreau, François Richard Vuille

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 ...

Massachusetts Institute of Technology Press2017

Understanding the Information-Based Transformation of Strategy and Society

Thomas Alois Weber

The world economy is undergoing dramatic changes, largely driven by the new availability of fine-grained information. Innovative ways of using datalarge and small-have also prompted a rethinking of the boundaries for the combination and use of knowledge. T ...

Routledge Journals, Taylor & Francis Ltd2017

Proof-of-Personhood: Redemocratizing Permissionless Cryptocurrencies

Bryan Alexander Ford, Linus Gasser, Eleftherios Kokoris Kogias, Philipp Svetolik Jovanovic, Nicolas Gailly, Maria Fernanda Borge Chavez

Permissionless blockchain-based cryptocurrencies commonly use proof-of-work (PoW) or proof-of-stake (PoS) to ensure their security, e.g. to prevent double spending attacks. However, both approaches have disadvantages: PoW leads to massive amounts of wasted ...

IEEE2017

Carbon taxes: efficient, inequitable, disliked?

Frank Vöhringer

Carbon taxes tend to have low acceptance rates. One frequent concern is that they could have a regressive effect on income distribution. We investigate how social cushioning and other revenue recycling options affect income distribution and efficiency, and ...

2016

Applicability of Non-Destructive Examination to Iter TF Joints Nb3Sn

Pierluigi Bruzzone, Stephen Alfred March

The Iter TF joints are of a twin-box design and the critical parameters of the overall resistance are 1) the contact between cable and termination, and 2) the resistance between two terminations. This paper describes applicability of non-destructive examin ...

2015

Default And Systemic Risk In Equilibrium

Martin Larsson

We develop a finite horizon continuous time market model, where risk-averse investors maximize utility from terminal wealth by dynamically investing in a risk-free money market account, a stock, and a defaultable bond, whose prices are determined via equil ...

Wiley-Blackwell2015