Search results for " Income"
showing 10 items of 340 documents
Dynamic Portfolio Optimization with Stochastic Programming
2010
Incentive Properties of Residual Income when There is an Option to Wait
2005
Performance measures based on residual income are increasingly popular. The academic literature shows that residual income has important incentive properties when management bases investment decisions on the net present value (NPV) rule. My analysis focuses on the case in which investment decisions can be postponed, when management must extend the simple NPV rule by considering an option value. My analysis shows that some important incentive properties of residual income still hold when there is an option to wait, but only when the residual income measure is correctly adjusted. I also provide an incentive-based explanation of why the capital charge rate within firms is often significantly h…
Income Equality and Income Taxation
1994
In every society the distribution of income plays an essential role — not only for economists but also for social scientists and politicians. Most people agree that the laissez-faire allo-cation is not equitable but that some redistribution using taxes has to take place. Most of the literature has supposed that a Bergson- Samuelson social welfare function is the appropriate tool for capturing social values in such analyses. However, there are some objections against this approach. First, interpersonal comparability of the individual utilities is needed — an extremely strong and questionable claim. Second, most writers have worked with a concave transformation of individual cardinal utilitie…
Preferencias adaptativas: un obstáculo pendiente para la renta básica
2019
Resumen La renta básica proporciona a la ciudadanía una autonomía económica que se traduce en una libertad real para conducir sus vidas. Sin embargo, en este artículo defiendo que la renta básica no sería efectiva en situaciones de pobreza donde se generan preferencias adaptativas en las personas. Para mostrarlo analizaré las bases psicológicas del comportamiento de personas con preferencias adaptativas. A continuación, abordaré qué estrategias son las indicadas para revertir la situación de preferencias adaptativas. Implementar estas políticas permitirá que la renta básica pueda empoderar también a los más pobres.
The Determinants of Migrants’ Remittance Inflows in the MENA Region: A Macroeconomic Approach
2014
Macroeconomic studies on the determinants of remittance flows have traditionally reviewed the role that economic conditions of host and home countries of migrants play in this process. New contributions have enlarged that setting by dealing with socio-political (demographics, institutions) and individual (education) dimensions influencing migrants’ behaviour when they remit money back home. In this investigation, we test for the role of all these variables in a general framework when analysing the case of the MENA (Middle East and North of Africa) region. Results indicate that the state of the business cycle, the characteristics of households (fertility, income per capita), and those of the…
Migranti e lotta alla povertà. La Corte costituzionale nega il reddito di cittadinanza ai titolari del permesso di soggiorno per ricerca di un'occupa…
2022
Il commento analizza la recente sentenza n. 19/2022 della Corte costituzionale, in cui il Giudice delle leggi ha ritenuto costituzionalmente legittima la previsione legislativa, che subordina alla titolarità del permesso di soggiorno di lungo periodo l’ottenimento del reddito di cittadinanza per i migranti extracomunitari. The essay analyses the recent Italian constitutional court ruling (no. 19/2022), that deems constitutional social security law, which subordinates the granting of minimum income guaranteed to the ownership of permanent residence permit for non-EU citizens.
Impacto económico de las rentas mínimas: la Renta Valenciana de Inclusión
2019
Las Comunidades Autónomas son las principales responsables de la política de asistencia social en España. Recientemente, la Comunidad Valenciana ha reformado su sistema de rentas mínimas, instaurando la denominada Renta Valenciana de Inclusión. En el presente trabajo se calcula el impacto económico de este programa partiendo de una estimación ex-ante del gasto público a realizar. La estimación cuantifica el número de beneficiarios y el coste presupuestario de la medida; y compara estos resultados con las restantes Comunidades Autónomas. La Comunidad Valenciana se situaría entre las regiones españolas con mayor tasa de cobertura y con mayor gasto por habitante en este tipo de políticas. En b…
ECONOMIC EVALUATION OF AQUACULTURE INVESTMENTS UNDER CONDITIONS OF RISK AND UNCERTAINTY IN THE MEDITERRANEAN SEA
2014
This study aims to analyze, from a technical and ec onomic point of view, the choice between alternative investments in aquaculture under condit ions of risk and uncertainty. In particular, a comparative analysis has been conducted between an inshore and an offshore farm producing European sea bass in the Mediterranean Sea. The app lied model refers to the theory of subjective probability, assigning a different probability to e xpected incomes during the investment period. Resul ts show an economic convenience of inshore with respect to offshore farming.
An Opportunity for the Agricultural Sector: The Renewable Energy Sources
2016
Economic Theory and its History
2016
This collection of essays is a tribute to Neri Salvadori, the man and scholar, teacher and friend, whom the scientific community owes important works in the tradition of Piero Sraffa’s revival of the classical economists’ approach to the problems of value, income distribution, capital accumulation, technical progress, scarce natural resources, economic development and growth. The essays in this book have all been freshly written and contain original work with novel ideas in the areas mentioned.