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Relative Risk Aversion: What Do We Know?

Meyer, Donald; Meyer, Jack - In: Journal of Risk and Uncertainty 31 (2005) 3, pp. 243-262

The relative risk aversion measure that represents the risk preferences of a decision maker depends on the outcome variable that is used as the argument of the utility function, and on the way that outcome variable is defined or measured. In addition, the relationship between any two such...

Persistent link: https://www.econbiz.de/10005709722

Excluded losses and the demand for insurance

Meyer, Donald; Meyer, Jack - In: Journal of Risk and Uncertainty 41 (2010) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10008526463

A Diamond-Stiglitz approach to the demand for self-protection

Meyer, Donald; Meyer, Jack - In: Journal of Risk and Uncertainty 42 (2011) 1, pp. 45-60

Persistent link: https://www.econbiz.de/10008926013

Substituting one risk increase for another: A method for measuring risk aversion

Liu, Liqun; Meyer, Jack - In: Journal of Economic Theory 148 (2013) 6, pp. 2706-2718

This paper defines the rate of substitution of one stochastic change to a random variable for another. It then focuses on the case where one of these changes is an nth degree risk increase, and the other is an mth degree risk increase, where nm⩾1. The paper shows that the rate of substitution...

Persistent link: https://www.econbiz.de/10011042963

A separation theorem for the weak s-convex orders

Denuit, Michel; Liu, Liqun; Meyer, Jack - In: Insurance: Mathematics and Economics 59 (2014) C, pp. 279-284

The present paper extends to higher degrees the well-known separation theorem decomposing a shift in the increasing convex order into a combination of a shift in the usual stochastic order followed by another shift in the convex order. An application in decision making under risk is provided to...

Persistent link: https://www.econbiz.de/10011116648

Patents, knowledge spillovers, and entrepreneurship

Acs, Zoltan; Sanders, Mark - In: Small Business Economics 39 (2012) 4, pp. 801-817

development (R&D) and generate new knowledge. This new knowledge has a positive effect on entrepreneurship, innovation, and growth …. However, after some point, further strengthening of patent protection will reduce the returns to entrepreneurship sufficiently …

Persistent link: https://www.econbiz.de/10010865397

An absorptive capacity theory of knowledge spillover entrepreneurship

Qian, Haifeng; Acs, Zoltan - In: Small Business Economics 40 (2013) 2, pp. 185-197

The knowledge spillover theory of entrepreneurship identifies new knowledge as a source of entrepreneurial … firms or research institutions. This paper argues that, knowledge spillover entrepreneurship depends not only on new …, recognize its value, and commercialize it by creating a firm. This absorptive capacity theory of knowledge spillover …

Persistent link: https://www.econbiz.de/10010865444

Global entrepreneurship and institutions: an introduction

Levie, Jonathan; Autio, Erkko; Acs, Zoltan; Hart, Mark - In: Small Business Economics 42 (2014) 3, pp. 437-444

This article is an introduction to the special issue from the 4th Global Entrepreneurship Monitor Research Conference …. The second is to present a summary of the papers in the context of the utility of GEM data in comparative entrepreneurship …

Persistent link: https://www.econbiz.de/10010865490

Introduction to special issue of Small Business Economics on female entrepreneurship in developed and developing economies

Acs, Zoltan; Bardasi, Elena; Estrin, Saul; Svejnar, Jan - In: Small Business Economics 37 (2011) 4, pp. 393-396

Persistent link: https://www.econbiz.de/10010865514

Knowledge spillover entrepreneurship in an endogenous growth model

Acs, Zoltan; Sanders, Mark - In: Small Business Economics 41 (2013) 4, pp. 775-795

production processes. Our model embeds the core idea of the knowledge spillover theory of entrepreneurship in established …We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at improving existing …

Persistent link: https://www.econbiz.de/10010865515