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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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Inequality aversion and separability in social risk evaluation
FLEURBAEY, Marc; ZUBER, Stéphane - Center for Operations Research and Econometrics (CORE), … - 2011
This paper examines how to satisfy a separability condition related to “independence of the utilities of the dead” (Blackorby et al., 1995; Bommier and Zuber, 2008) in the class of “expected equally distributed equivalent” social orderings (Fleurbaey, 2010). It also inquires into the...
Persistent link: https://www.econbiz.de/10010610452
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ANTICIPATION AND THE AGGREGATION OF SECTOR-SPECIFIC RISKS.
DONALDSON, J.; DUTTA, J. - Center for Operations Research and Econometrics (CORE), … - 1989
Persistent link: https://www.econbiz.de/10005779463
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Second-Best Insurance Contract Design in an Incomplete Market.
Gollier, C.; Schlesinger, H. - Center for Operations Research and Econometrics (CORE), … - 1992
Persistent link: https://www.econbiz.de/10005779480
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Competing Risk Models: Problems of Modelling and of Identification.
Mouchart, M.; Rolin, J.M. - Center for Operations Research and Econometrics (CORE), … - 1995
Persistent link: https://www.econbiz.de/10005779481
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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
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Multivariate concave and convex stochastic dominance
DENUIT, Michel; EECKHOUDT, Louis; TSETLIN, Ilia; … - Center for Operations Research and Econometrics (CORE), … - 2010
the stochastic order typically used in the univariate case. These utility functions are multivariate risk averse, and … risk seeking. We provide insight into these two contrasting forms of stochastic dominance, develop some criteria to compare …
Persistent link: https://www.econbiz.de/10008836130
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BID Rents Under Unemployment Risk: Delayed Versus Timeless Uncertainty.
Eeckhoudt, L.; Zenou, Y. - Center for Operations Research and Econometrics (CORE), … - 1995
Persistent link: https://www.econbiz.de/10005634048