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Epargne de précaution et statique comparative avec aversion pour le risque

Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - Université Paris-Dauphine (Paris IX) - 2009

Persistent link: https://www.econbiz.de/10010861555

Intertemporal Equilibria with Knightian Uncertainty

Riedel, Frank; Dana, Rose-Anne - Université Paris-Dauphine (Paris IX) - 2010

preferences. In in- terior e cient allocations, agents share a common risk{adjusted prior and use the same subjective interest … economy with variational preferences anchored at the initial endowments. A case study in an economy without aggregate uncer …{Schmeidler's max-min preferences would fully insure risk and uncertainty. …

Persistent link: https://www.econbiz.de/10010861585

The marginal propensity to consume and multidimensional risk

Jouini, Elyès; Napp, Clotilde; Nocetti, Diego - Université Paris-Dauphine (Paris IX) - 2013

Kimball, 1990a and Kimball, 1990b established that income risk increases the marginal propensity to consume if and only if absolute prudence decreases. We characterize decreasing and increasing multivariate prudence and show that a multidimensional risk increases the marginal propensity to...

Persistent link: https://www.econbiz.de/10010707440

Prévention du risque-retraite et comportement d'accumulation global des ménages

Vanriet-Margueron, Julie - Université Paris-Dauphine (Paris IX) - 2004

With population ageing in a changing PAYG system context, our aim is to identify whether households take into account a retirement risk in their global accumulation behaviour. We define the retirement risk as a long term revenue risk linked with changes in the generosity of the PAYG system. We...

Persistent link: https://www.econbiz.de/10010707504

Comparative Risk Aversion: A Formal Approach with Applications to Saving Behaviors

Le Grand, François; Chassagnon, Arnold; Bommier, Antoine - Université Paris-Dauphine (Paris IX) - 2012

We consider a formal approach to comparative risk aversion and apply it to intertemporal choice models. This makes it possible to investigate whether standard classes of utility functions, such as those inspired from Kihlstrom and Mirman (1974), Selden (1978), Epstein and Zin (1989) or Quiggin...

Persistent link: https://www.econbiz.de/10010707569