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Using this methodology, the model closely mimics many business cycle properties. Yet current RBC models have not fully explained all behavior, and neoclassical economists are still searching for better variations. The main assumption in RBC theory is that individuals and firms respond optimally over the long run.
When applied to capital income taxation, the Atkinson–Stiglitz theorem argues that since present and future consumption are equally complementary to leisure due to weakly separable preferences (and hence there is no Corlett–Hague motive for capital income taxation), capital income taxes do not alleviate the tax distortions caused by labor ...
In the long run, if demand remains the same and the more productive methods are adopted across the entire economy, the amount of labour required (as a ratio to capital, i.e. the organic composition of capital) would decrease. Now, assuming value is tied to the amount of labor necessary, the value of the physical output would decrease relative ...
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The standard form of the Omega ratio is a non-convex function, but it is possible to optimize a transformed version using linear programming. [4] To begin with, Kapsos et al. show that the Omega ratio of a portfolio is: = [() +] + The optimization problem that maximizes the Omega ratio is given by: [() +], (), =, The objective function is non-convex, so several ...
Global per Capital Called: Allocated in proportion to each Partner's cumulative called amount; Global per Commitment, with a GP exception: The rule could be: 2% to the GP, and the remainder reallocated per commitment between the LPs; Deal by Deal per Capital Called: In proportion of the amount called for this specific investment
The most common share repurchase method in the United States is the open-market stock repurchase, representing almost 95% of all repurchases. A firm will announce that it will repurchase some shares in the open market from time to time as market conditions dictate and maintains the option of deciding whether, when, and how much to repurchase.
The FRTB revisions address deficiencies relating to the existing [8] Standardised approach and Internal models approach [9] and particularly revisit the following: . The boundary between the "trading book" and the "banking book": [10] i.e. assets intended for active trading; as opposed to assets expected to be held to maturity, usually customer loans, and deposits from retail and corporate ...