systems. Using novel risk-weighted indexes the paper examines whether the banking systems’ access to credit was related to … that both domestic and international risk factors contributed to the decline in international interbank borrowing during …

We consider two-part pricing of a service offered to risk-averse buyers subject to demand uncertainty. Buyers subscribe … subject to competition. The difference between the profit-maximizing usage charge and marginal cost increases with buyer risk … aversion. Our results can be extended to the case of the seller being more risk averse than the buyers. We discuss applications …

We consider a single-period inventory model in which a risk-averse retailer faces uncertain customer demand and makes a … single variable. We show that in comparison to a risk-neutral retailer, a risk-averse retailer in the first model will charge … a higher price and order less; where as, in the second model a risk-averse retailer will charge a lower price. The …

finished product. We consider the problem both from a risk-neutral and a risk-averse perspective with varying degrees of risk …) option for an agricultural firm is lower under the yield-dependent cost structure. (2) It proves that although the risk …-neutral firm does not benefit from fruit futures, a sufficiently risk-averse firm can benefit from the presence of a fruit futures …

Good demand estimates are the key to effective pricing decision-making. However, they are subject to a high degree of … uncertainty due to various factors that are unpredictable or difficult to model, thus making pricing decisions risky. This … decision maker's degree of risk aversion. Uncertainty is explicitly considered for two coefficients of a linear demand function …

As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions to the literature, and provides some illustrations of the remarkable research saga in risk theory over the last 50 …