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We use a strategic household survey to study the sensitivity of intended homeownership decisions to financing constraints. We find that the average stated likelihood of buying a home is strongly sensitive to the size of the required down payment, which we ...
The sharing of durable goods in a dynamic ownership economy is attractive, since it has the potential to realize gains from trade via short-term transfers of usage rights. We develop a model in which a set of agents, who are heterogeneous in their likely n ...
The sharing of durable goods in a dynamic ownership economy is attractive, since it has the potential to realize gains from trade via short-term transfers of usage rights. We develop a model in which a set of agents, who are heterogeneous in their likely n ...
Ieee Computer Soc2015
The drift kinetic equation is analysed for linear instabilities that are sensitive to the toroidal drift motion of long-mean free path particle populations. The interaction Lagrangian is resolved, and the toroidal drift precession evaluated for realistic t ...
Iop Publishing Ltd2013
The sharing of durable goods in a dynamic ownership economy is attractive, since it has the potential to realize gains from trade via short-term transfers of usage rights. We develop a model in which a set of agents, who are heterogeneous in their likely n ...
EPFL2014
This thesis examines the effects of financing frictions on corporate decisions using dynamic models. Accounting for financing frictions helps reconcile a number of regularities that are hard to explain within the Modigliani-Miller framework. For instance, ...
EPFL2015
Financial factors are central to the recent economic crisis. Most macroeconomic models treat banks and financial intermediation as a veil. These models are unable to account for the recent financial crisis and they cannot be used for policy evaluation. Fin ...
EPFL2014
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This paper addresses the signatures of catchment geomorphology on base flow recession curves. Its relevance relates to the implied predictability of base flow features, which are central to catchment-scale transport processes and to ecohydrological functio ...
Recession flow analysis are crucial in many areas of water resource management and useful to forecast base flow in gauged rivers. Moving from a classical recession curve analysis method, a large set of recession curves has been analyzed from Swiss streamfl ...
In crowding, target discrimination is impaired by flanking elements. What happens if a target is neighbored by flankers A and in addition by further flankers B? According to pooling models, crowding is the consequence of averaging features of target and fl ...