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Expectations and intertemporal separability in an empirical model of consumption and investment under uncertainty

Deschamps, P.J. - Tilburg University, Center for Economic Research - 1990

Persistent link: https://www.econbiz.de/10011091611

Efficiency and separability in economies with a trade center

Ruys, Pieter H.M.; Diamantaras, D.; Gilles, R.P. - Tilburg University, Center for Economic Research - 1994

We discuss the endogenous selection of a costly allocation mechanism in a pure exchange economy. The allocation mechanism is modeled as an abstract trade center exhibiting setup costs, access costs and linear transaction costs. Exactly one trade center has to be selected. We define Pareto...

Persistent link: https://www.econbiz.de/10011092486

On the Intuition of Rank-Dependent Utility

Diecidue, E.; Wakker, P.P. - Tilburg University, Center for Economic Research - 2000

Among the most popular models for decision under risk and uncertainty are the rank-dependent models, introduced by …

Persistent link: https://www.econbiz.de/10011091001

A Theory of the Gambling Effect

Diecidue, E.; Schmidt, U.; Wakker, P.P. - Tilburg University, Center for Economic Research - 2000

dominance and therefore its primary applications will be descriptive. It sheds new light on empirical observations of risk …

Persistent link: https://www.econbiz.de/10011091725

Financial Intermediation, Competition, and Risk : A General Equilibrium Exposition

Di Nicolo, G.; Lucchetta, M. - Tilburg University, Center for Economic Research - 2010

banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank … allocation and optimal levels of bank risk and capitalization. These results are at variance with those obtained by a large … systemic risk in the economy. …

Persistent link: https://www.econbiz.de/10011090495

You May Have to Do it Again, Rocky! An Experimental Analysis of Bargaining with Risky Joint Profits

Güth, W.; Kroger, S.; Maug, E. - Tilburg University, Center for Economic Research - 2003

.The game theoretic solution predicts (assuming risk neutrality) that actors are willing to accept wages below their outside … actors have uncertain risk aversion.The parameters of the game are calibrated to match data on 99 movies for 1989 available …

Persistent link: https://www.econbiz.de/10011090688

Experimental Investigation of Percieved Risk in Random Walk Processes

Das, Marcel; Gneezy, U. - Tilburg University, Center for Economic Research - 1996

The hypothesis that, on average, people accurately estimate probabilities in random walk processes is experimentally investigated.Individuals are confronted with a process that starts with $X, and in every stage either goes up or down by $1, with probabilities p and 1 - p respectively.For...

Persistent link: https://www.econbiz.de/10011090723

A Model-Free Definition of Increasing Uncertainty

Grant, S.; Quiggin, J. - Tilburg University, Center for Economic Research - 2001

We present a definition of increasing uncertainty, independent of any notion of subjective probabilities, or of any particular model of preferences.Our notion of an elementary increase in the uncertainty of any act corresponds to the addition of an 'elementary bet' which increases consumption by...

Persistent link: https://www.econbiz.de/10011090841

Do Countries or Industries Explain Momentum in Europe?

Nijman, Theo; Swinkels, L.A.P.; Verbeek, M.J.C.M. - Tilburg University, Center for Economic Research - 2002

Persistent link: https://www.econbiz.de/10011090881

Competition for Traders and Risk

boone, jan; Bijlsma, M.; Zwart, G. - Tilburg University, Center for Economic Research - 2012

risk, even if banks fully internalize the costs of negative outcomes. In this way, banks can reduce the surplus they have … unambiguously lead to reduced risk-taking by their top traders. …

Persistent link: https://www.econbiz.de/10011091254