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Rosaz, Julie - Groupe d'Analyse et de Théorie Économique Lyon … - 2010

information at the principal’s advantage, we test experimentally the principal’s willingness to bias (overestimate or under …) principals do bias information, ii) agents trust the cheap-talk messages they receive and adjust their effort accordingly …

Persistent link: https://www.econbiz.de/10008671400

Increase in Home Bias and the Eurozone Sovereign Debt Crisis

Cornand, Camille; Gandré, Pauline; Gimet, Céline - Groupe d'Analyse et de Théorie Économique Lyon … - 2014

2012. Home bias in sovereign debt responds positively to fundamentals and expectations shocks but we find no evidence that … the increase in home bias is destabilizing per se. Second, we theoretically model the impact of the previous shocks in a … second-generation model of crisis with endogenous home bias in sovereign debt. We derive conditions under which a higher home …

Persistent link: https://www.econbiz.de/10010858031

Optimal Monetary Provisions in Plural Form Franchise Systems ; A Theoretical Model of Incentives with Two Risk-Averse Agents

Lanchimba, Cintya - Groupe d'Analyse et de Théorie Économique Lyon … - 2013

Empirical studies show that most franchise chains use dual distribution - or a plural form franchise system - characterized by the coexistence of franchised units and company-owned retail units in the same distribution network. Therefore, this paper focuses on dual distribution and considers the...

Persistent link: https://www.econbiz.de/10010858014

Comparative risk aversion of different preferences

Ruble, Richard - Groupe d'Analyse et de Théorie Économique Lyon … - 2011

An article about Kihlstrom and Mirman about comparative risk aversion with many goods is critiqued. If "more risk averse" is interpreted as signifying that an individual is less willing to accept a median-preserving spread, then risk aversion cannot be compared across individuals with different...

Persistent link: https://www.econbiz.de/10009642939

La demande de soins curatifs, l'auto-protection et l'auto-assurance

Razgallah, Mohammed Anouar - Groupe d'Analyse et de Théorie Économique Lyon … - 2004

Using a model of bivariate decision under risk of disease, with separates the financial losses from the health losses, we analyse the curative demand for healthcare and the determinants of overconsumption care problem. We also study the demand for self-protection and the demand for...

Persistent link: https://www.econbiz.de/10004970465

Inequity and Risk Aversion in Sequential Public Good Games

Teyssier, Sabrina - Groupe d'Analyse et de Théorie Économique Lyon … - 2009

This paper analyzes which type of intrinsic preferences drive an agent's behavior in a sequential public good game depending on whether the agent is first or second mover. Theoretical predictions are based on heterogeneity of individuals in terms of social and risk preferences. We modelize...

Persistent link: https://www.econbiz.de/10008490699

Can Risk Aversion Explain Schooling Attainments? Evidence From Italy

Belzil, Christian; Leonardi, Marco - Groupe d'Analyse et de Théorie Économique Lyon … - 2006

Using unique Italian panel data, in which individual differences in behavior toward risk are measured from answers to a lottery question, we investigate if (and to what extent) risk aversion can explain differences in schooling attainments. We formulate the schooling decision process as a...

Persistent link: https://www.econbiz.de/10005029827

Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jörgen - Groupe d'Analyse et de Théorie Économique Lyon … - 2004

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...

Persistent link: https://www.econbiz.de/10005056854

Risk Aversion and Schooling Decisions

Belzil, Christian; Leonardi, Marco - Groupe d'Analyse et de Théorie Économique Lyon … - 2007

We develop a non-rational expectation econometric model of sequential schooling decisions. Using unique Italian panel data in which individual differences in attitudes toward risk are measurable (with error), we investigate the effect of risk aversion on the probability of entering higher...

Persistent link: https://www.econbiz.de/10005112730

Communication and Coordination in a Two-Stage Game

Bjedov, Tjaša; Madiès, Thierry; Villeval, Marie Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2015

We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test experimentally whether individuals can avoid a head-to-head confrontation by means of coordinated strategies. In particular we analyze whether and how quickly a conflict-avoidance...

Persistent link: https://www.econbiz.de/10011251784