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We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then choos...
We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition re...
Forecasting the population of Poland is very challenging. Firstly, the country has been undergoing rapid demographic changes. In the 1990s, they were influenced by the political, economic, and social ...
Cohort measures, describing a lifetime random variable are easily and unambiguously obtained using standard tools. On the contrary, the lifetime random variable, and therefore life expectancy, for the...
We evaluate the determinants of matching efficiency changes through a stochastic Cobb-Douglas production frontier model extended to allow the efficiency coefficient to depend on variables meant to cap...
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterizati...

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