Income Risk on Consumption. They Gave Necessary and Sufficient Conditions for Consumption to Decrease Under Income Risk …. However, They Did Not Cover Extensively the Case of Capital Risk Without Perfect Markets. in This Note We Provide Necessary … and Sufficient Conditions for Signing the Response of Consumption to a Global Increase in Capital Risk. …

Justification for Writing This Paper. the Essential Features of the Model of Risk-Taking Discussed Here Have Been Presented in …

generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …

A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It …

in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk …In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business … neutral entrepreneur and, even more, that the risk averse one. We also show how marginal increases in risk reduce the optimal …