investor to hold out. This model shows that the investment decision is based on the portfolio structure, risk aversion and …

role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …

Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to …. The simulations show that aversion to this tipping point risk has little effect. For climate sensitivity of realistic …

assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …

-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …

attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … fundamental immigrant entrepreneurship issues as well as the empirical methods and data used. The main themes we address are … immigrant entrepreneurs' contributions to the economy, entrepreneurship differences across groups and group differences in …

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … rate of interest on liquid wealth: (i) mortgage debt, by amplifying risk aversion, diminishes the likelihood that … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when …