Publications

October 18, 2012

Social Security and Macroeconomic Risk in General Equilibrium

This paper studies the interaction between macro-economic risk and paygo social security.

Image for Social Security and Macroeconomic Risk in General Equilibrium
July 3, 2012

Optimal regulation of lumpy investments

In this CPB Discussion Paper we study optimal timing of regulated investment in a real options setting, in which the regulated monopolist has private information on investment costs.

Image for Optimal regulation of lumpy investments