Sentence examples for reservation asset from inspiring English sources

33In principle, we could test whether this unique reservation asset stock property held empirically.

Solving for the reservation asset stock serves two purposes: one, it makes it easier to allow for the fixed cost in the budget constraint in the solution (rather than having an unconditional policy function with a discontinuity); two, it provides an additional check on our numerical solution: the reservation asset stock should be increasing in the wage rate.

We solve the model and do the calibration assuming this process is appropriate and assuming there is a unique reservation asset stock for each point in the state space.

We then check that the results in our benchmark case are unaffected when we use a global optimizing routine, simulated annealing, and we do not assume a unique reservation asset stock.

In particular, the assumption of a unique reservation asset stock fails as the variance of shocks gets sufficiently low and if households have discount rates very close to the interest rate.

We therefore define a reservation asset stock, R t, to separate the value function and the choice of consumption made when participating from the value function and choice of consumption made when not participating.

The program involves the hotel's major asset: guest reservations.

But we didn't find any significant association between asset holdings and the reservation wage.

It also picked up some valuable assets, like the central reservation software used by 80 international hotel brands, including Hilton, that lets a receptionist at one property check the pricing and availability of other hotels in the chain.

The Rosebud Sioux have been left to negotiate with commercial banks, which often decline to make large loans to tribes because banks are generally prohibited from seizing assets on reservations if a tribe is unable to repay.

This prevents Native Americans who live on reservations from leveraging their assets for loans, making it difficult for them to start businesses or promote economic growth in the area.