A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …

stereotype of risk averse and less competitive older employees. …

represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …

sector to study the impact of investment subsidies on equilibrium investment and output. Energy and capital are assumed to be … structures are considered for the energy market, free entry and natural monopoly. First, it is shown that investment subsidies … may induce a larger equilibrium investment into cleaner technologies either under free entry or natural monopoly. However …

improve investment profile and therefore improving business climate. Furthermore, Heavily Indebted Poor Countries (HIPC …

The choice of a portfolio of technologies by risk averse firms is analyzed. Two technologies with random marginal costs … fferent, and diff erence in risk aversion can explain a full specialization of the industry, the less risk averse fi rms using … the low cost technology and the more risk averse fi rms the other one. The framework is used to discuss the issue of …

in investment and in the current account, in line with em- pirical evidence, only if the traded sector is more capital …

model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … simultaneous decline in investment and the current account. …

responsive, investment is crowded out, the drop in savings drives the current account into deficit and government spending …

The evolution of firms' investment behavior is interpreted by heterodox theories as the resultant of the …