We prove that for any incomplete market and any concave utility function the marginal propensities to consume and to save are always positive. Furthermore, we intro- duce a class of incomplete markets that includes almost all well known examples of market ...
The Swiss Federal Office of Energy has published directives in order to limit the increase of electrical energy consumption to a maximum of 5% in 2010 in comparison with 2000. To reach this goal, clear measures have to be taken regarding the installation a ...
