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The role of risk aversion and lay risk in the probabilistic externality assessment for oil tanker routes to Europe

Bigano, Andrea; Cassinelli, Mariaester; Markandya, Anil; … - 2006

Persistent link: https://www.econbiz.de/10003605601

Cash-flow business taxation revisited : bankruptcy, risk aversion and asymmetric information

Boadway, Robin W.; Sato, Motohiro; Tremblay, Jean-François - 2015

Persistent link: https://www.econbiz.de/10011388005

Uncertainty and risk-aversion in a dynamic oligopoly with sticky prices

Valentini, Edilio; Vitale, Paolo - 2019

In this paper we present a dynamic discrete-time model that allows to investigate the impact of risk-aversion in an …-time limit of our model with no uncertainty and no risk-aversion. Focusing on the continuous-time limit of the infinite horizon … inversely related to the degrees of uncertainty and risk-aversion. However, the effect of uncertainty and risk …

Persistent link: https://www.econbiz.de/10011980689

Ambiguity and the historical equity premium

Collard, Fabrice; Mukerji, Sujoy; Sheppard, Kevin; … - 2017

dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …

Persistent link: https://www.econbiz.de/10011756113

Market allocations under ambiguity : a survey

Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019

We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia result of Dow and Werlang (1992), show how it does or...

Persistent link: https://www.econbiz.de/10012121980