자료유형  

 학위논문

Control Number  

0015491121

International Standard Book Number  

9781085789417

Dewey Decimal Classification Number  

330

Main Entry-Personal Name  

Ward, Patrick R.

Publication, Distribution, etc. (Imprint  

[Sl] : The University of Chicago, 2019

Publication, Distribution, etc. (Imprint  

Ann Arbor : ProQuest Dissertations & Theses, 2019

Physical Description  

48 p

General Note  

Source: Dissertations Abstracts International, Volume: 81-04, Section: A.

General Note  

Advisor: Malani, Anup.

Dissertation Note  

Thesis (Ph.D.)--The University of Chicago, 2019.

Restrictions on Access Note  

This item must not be sold to any third party vendors.

Restrictions on Access Note  

This item must not be added to any third party search indexes.

Summary, Etc.  

요약This project develops a "choose and verify'' method for obtaining closed-form policy functions in dynamic optimization environments. In so doing, it purports to enlarge the class of problems with analytic solutions. The two-step method entails specifying various components of the return and restrictions in a manner that respects the problem's overall choice structure and then deliberately winnowing the pool of candidate specifications.To demonstrate its applicability, we formulate a simple health-capital model with two salient features: the stock variable is an economic bad, and leisure is productive. This conceptual inversion prompts two important questions: How long can we maintain unhealthy lifestyles before crossing a point-of-no-return on the path to persistent unwellness? And, do some people have a diminished or nonexistent capacity to stave off certain illnesses? En route to answering, the application shows that parsimonious models can exhibit considerable explanatory power in the presence of choose-and-verify-based structure. In particular, we obtain an analytic policy function capable of generating one, two, or three steady states. High levels of personal discounting and risk preference reduce individuals' resilience and increase the likelihood of health-related poverty traps. JEL Codes: C61, D13, D15, I12, J24.

Subject Added Entry-Topical Term  

Economics

Added Entry-Corporate Name  

The University of Chicago Economics

Host Item Entry  

Dissertations Abstracts International. 81-04A.

Host Item Entry  

Dissertation Abstract International

Electronic Location and Access  

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Control Number  

joongbu:566572