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Human capital, aggregation, and growth
GROWIEC, Jakub - Center for Operations Research and Econometrics (CORE), … - 2007
does not hold at the macro level of countries because aggregation of human capital has to take into account its vintage … use these findings to revisit the assumptions of the well-known Uzawa-Lucas growth model from an aggregation perspective. …
Persistent link: https://www.econbiz.de/10005043075
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The identification of preferences from equilibrium prices.
CHIAPPORI, Pierre-André; EKELAND, Ivar; KUBLER, Félix; … - Center for Operations Research and Econometrics (CORE), … - 2000
The fundamentals of an exchange economy, the preferences of individuals, can be identified from the competitive equilibrium correspondence, which associates equilibrium prices of commodities to allocations of endowments; the argument extends to production economies. The essential step is the...
Persistent link: https://www.econbiz.de/10005043651
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Choquet Rationality.
Ghirardato, P.; Le Breton, M. - Center for Operations Research and Econometrics (CORE), … - 1999
This paper provides a characterization of the consequences of the assumption that a decision maker with a given utility function is Choquet rational: She maximizes expected utility, but possibly with respect to non-additive beliefs, so that her preferences are represented by Choquet expected...
Persistent link: https://www.econbiz.de/10005478939
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THE ROLE OF SECURITIES AND LABOUR CONTRACTS IN THE OPTIMAL ALLOCATION OF RISK-BEARING.
DREZE, J.H.L - Center for Operations Research and Econometrics (CORE), … - 1989
Persistent link: https://www.econbiz.de/10005478940
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A note on portfolio selection by insurance companies and optimal participating insurance policies.
Gollier, C.; Wibaut, S. - Center for Operations Research and Econometrics (CORE), … - 1991
Persistent link: https://www.econbiz.de/10005478946
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Intraday Value-at-Risk.
Giot, P. - Center for Operations Research and Econometrics (CORE), … - 2000
-frequency duration models) and non-parametric (empirical quantile, extreme distributions models) Value-at-Risk (VaR) techniques to …
Persistent link: https://www.econbiz.de/10005478955
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Delegation under Asymetric Information.
Rovesti, C. - Center for Operations Research and Econometrics (CORE), … - 1992
Persistent link: https://www.econbiz.de/10005478959
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THE OPTIMAL LEVEL AND PROFILE OF UNEMPLOYMENT INSURANCE BENEFITS IN A MODEL OF EMPLOYMENT MISMATCH.
CREMER, H.; MARCHAND, M.; PESTIEAU, P. - Center for Operations Research and Econometrics (CORE), … - 1989
Persistent link: https://www.econbiz.de/10005478978
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Voluntary contributions with uncertainty: the environmental quality.
JOUVET, Pierre-André - Center for Operations Research and Econometrics (CORE), … - 1998
certain what effects will result from a reduction of pollution. We show that if an agent is sufficiently risk averse … has two possible consequencies which depend on agent risk aversion. Therefore, understanding the implication of … precautionary attitude, leads us to the consideration of the agents' risk aversion characterization and studying the effect of an …
Persistent link: https://www.econbiz.de/10005042991
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Optimal tax policy and expected longevity: a mean and variance approach
LEROUX, Marie-Louise; PONTHIERE, Grégory - Center for Operations Research and Econometrics (CORE), … - 2008
This paper studies the normative problem of redistribution between agents who can influence their survival probability through private health spending, but who differ in their attitude towards the risks involved in the lotteries of life to be chosen. For that purpose, we develop a two-period...
Persistent link: https://www.econbiz.de/10005043161