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Independence axioms for water allocation
Brink, René van den; Estévez-Fernández, Arantza; … - 2011
Persistent link: https://www.econbiz.de/10009720752
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Weighting the waiting : intertemporal social preferences
Rohde, Kirsten I. M.; Exel, N. J. A. van; Hulsen, Merel … - 2022
This paper studies intertemporal social preferences. We introduce intertemporal dictator and ultimatum games where players decide on the timing of monetary payoffs. The setting is twodimensional rather than one-dimensional, in the sense that inequalities can arise in the time as well as in the...
Persistent link: https://www.econbiz.de/10013162492
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Measuring tastes for equity and aggregate wealth behind the veil of ignorance
Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018
We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...
Persistent link: https://www.econbiz.de/10011928322
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Aversion to health inequality : pure, income-related and income-caused
Robson, Matthew; O'Donnell, Owen; Van Ourti, Tom - 2023
We design a novel experiment to identify aversion to pure (univariate) health inequality separately from aversion to income-related and income-caused health inequality. Participants allocate resources to determine health of individuals. Identification comes from random variation in resource...
Persistent link: https://www.econbiz.de/10014249848
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Forecasting value-at-risk under temporal and portfolio aggregation
Kole, Erik; Markwat, Thijs; Opschoor, Anne; Dijk, Dick van - 2015
We examine the impact of temporal and portfolio aggregation on the quality of Value-at-Risk (VaR) forecasts over a … based on asset class, or into a single portfolio. We compare the impact of aggregation to that of choosing a model for the … that the degree of temporal aggregation is most important. Daily returns form the best basis for VaR forecasts. Modelling …
Persistent link: https://www.econbiz.de/10011431503
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Risk aversion under preference uncertainty
Kräussl, Roman; Lucas, André; Siegmann, Adriaan Hendrik - 2010
Persistent link: https://www.econbiz.de/10008771804
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Management science, economics and finance : a connection
Chang, Chia-Lin; McAleer, Michael; Wong, Wing Keung - 2016
This paper provides a brief review of the connecting literature in management science, economics and finance, and discusses some research that is related to the three disciplines. Academics could develop theoretical models and subsequent econometric models to estimate the parameters in the...
Persistent link: https://www.econbiz.de/10011479822
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Risk aversion under preference uncertainty
Kräussl, Roman; Lucas, André; Siegmann, Adriaan Hendrik - 2010
We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility functions. We illustrate the consequences of this...
Persistent link: https://www.econbiz.de/10011382430
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The Nash- and Kalai-Smorodinsky bargaining solution for decision weight utility functions
Houba, Harold; Tieman, Alexander F.; Brinksma, René - 1996
Persistent link: https://www.econbiz.de/10000941220
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Existence and welfare properties of equilibrium in an exchange economy with multiple divisible, indivisible commodities and linear production technologies
Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - 1999
Persistent link: https://www.econbiz.de/10001412148