Narrow search
Showing 1 - 4 of 4
Cover Image
Export decision under risk
Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2016
of export shares from the most to the least productive incumbents. Greater skewness of the demand distribution and …
Persistent link: https://www.econbiz.de/10011547934
Cover Image
The risk-adjusted carbon price
Bremer, Ton S. van den; Ploeg, Frederick van der - 2019
We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that incorporates the effects of uncertainties associated with climate and the economy from a calibrated DSGE model. We allow for different aversions to risk and intertemporal fluctuations,...
Persistent link: https://www.econbiz.de/10011996310
Cover Image
Skewness preferences : evidence from online poker
Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024
We test for skewness preferences in a large set of observational panel data on online poker games (n=4,450,585). Each … decision-makers. Individuals reveal a strong and robust preference for skewness, which is inconsistent with expected utility … theory. The effect of skewness is most pronounced among experienced and unsuccessful players but remains significant in all …
Persistent link: https://www.econbiz.de/10014486803
Cover Image
Do firms sell forward for strategic reasons? : an application to the wholesale market for natural gas
Eijkel, Remco van; Moraga-González, José Luis - 2010
Building on a model of the interaction of risk-averse firms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic firms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...
Persistent link: https://www.econbiz.de/10008757521