Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10009369359
Using an exhaustive database on academic publications in mathematics, we study the patterns of productivity by world mathematicians over the period 1984-2006. We uncover some surprising facts, such as the absence of age related decline in productivity and the relative symmetry of international...
Persistent link: https://www.econbiz.de/10011004769
Using an exhaustive database on academic publications in mathematics, we study the patterns of productivity by world mathematicians over the period 1984-2006. We uncover some surprising facts, such as the absence of age related decline in productivity and the relative symmetry of international...
Persistent link: https://www.econbiz.de/10008643938
The paper aims at studying determinants of schooling in traditional hierarchical societies confronted with an established history of outmigration. In the village, a ruling caste controls local political and religious institutions. For children who do not belong to the ruling caste, migration is...
Persistent link: https://www.econbiz.de/10009369351
This paper presents a model of provocation in a federation, where the local government triggers an insurgency with a view to acquire the control of some economic assets with the help of the central government. Some econometric support for this model is found using data on the Naxalite conflict...
Persistent link: https://www.econbiz.de/10011004754
We define coherent-ambiguity aversion within the Klibano¤, Marinacci and Mukerji (2005) smooth ambiguity model (henceforth KMM) as the combination of choice-ambiguity aversion and value-ambiguity aversion. We analyze theoretically ?ve ambiguous decision tasks, where a subject faces two-stage...
Persistent link: https://www.econbiz.de/10011103548
We examine how different welfarist frameworks evaluate the social value of mortality riskreduction. These frameworks include classical, distributively unweighted cost-benefit analysis—i.e., the “value per statistical life” (VSL) approach—and three benchmark social welfare functions...
Persistent link: https://www.econbiz.de/10011160757
We examine the characteristics of the optimal insurance contract under linear transaction cost and an ambiguous distribution of losses. Under the standard expected utility model, we know from Arrow (1965) that it contains a straight deductible. In this paper, we assume that the policyholder is...
Persistent link: https://www.econbiz.de/10011189161
Most economic problems combining risk and equity have been studied under utilitarianism. As an alternative, we study consumption decisions under risk assuming a prioritarian social welfare function. Under a standard assumption about the utility function (i.e., decreasing absolute risk aversion),...
Persistent link: https://www.econbiz.de/10010823115
As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many contributions and continue the development of theories of decision...
Persistent link: https://www.econbiz.de/10011004782