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Di Caro, Paolo - Volkswirtschaftliche Fakultät, … - 2014

Decisions of investing in sovereign assets involve both risk and ambiguity. Ambiguity arises from unknown elements …

Persistent link: https://www.econbiz.de/10011107677

Optimal funding and asset allocation rules for defined-benefit pension plans

Harrison, J. Michael; Sharpe, William F. - In: Financial aspects of the United States pension system, (pp. 91-105). 1983

Persistent link: https://www.econbiz.de/10002653682

Risk-bearing and Entrepreneurship

Newman, Andrew - C.E.P.R. Discussion Papers - 2007

In the 'Knightian' theory of entrepreneurship, entrepreneurs provide insurance to workers by paying fixed wages and … bear all the risk of production. This paper endogenizes entrepreneurial risk by allowing for optimal insurance contracts as … increases in risk borne. Thus, even under decreasing risk aversion, there are robust instances in which workers are wealthier …

Persistent link: https://www.econbiz.de/10005504306

The Demand for Coordination

Dessein, Wouter; Santos, Jesus - C.E.P.R. Discussion Papers - 2003

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i) Task specialization and the division of labour is...

Persistent link: https://www.econbiz.de/10005497860

Technological standards with local externalities and decentralized behaviour

Miller, John H.; Cowan, Robin - In: Journal of Evolutionary Economics 8 (1998) 3, pp. 285-296

We model a situation in which agents must choose between two technologies that operate under local, positive network externalities. We find that decentralized behaviour can lead to the emergence of a technical standard, but can also result in a variety of other equilibria. Policy to eliminate...

Persistent link: https://www.econbiz.de/10005396154

Économie de la PME : de l’artefact statistique à une réalité économique

Bernard, Paranque - EconWPA - 2003

Cet essai traite de ce qu’on appelle habituellement les PME ( Petites et Moyennes entreprises, incluant donc les TPE, très petites entreprises). Mais il pose en préambule la question de la pertinence, d’un point de vue économique, de cette catégorie statistique, définie, par exemple,...

Persistent link: https://www.econbiz.de/10005408135

On the economics and biology of trust

Fehr, Ernst - Institut für Volkswirtschaftslehre, … - 2009

just a special case of risk-taking, but based on important forms of social preferences such as betrayal aversion …

Persistent link: https://www.econbiz.de/10005463530

A Computational Laboratory for Evolutionary Trade Networks

McFadzean, David; Stewart, Deron; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2001

This report presents, motivates, and illustrates the use of a computational laboratory for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The computational laboratory, referred to as the Trade Network Game Laboratory (TNG...

Persistent link: https://www.econbiz.de/10004979909

An Evolutionary Trade Network Game with Preferential Partner Selection

Tesfatsion, Leigh - Department of Economics, Iowa State University - 1996

Related work can be accessed here: http://www.econ.iastate.edu/tesfatsi/tnghome.htm

Persistent link: https://www.econbiz.de/10004979921

Modeling an Aggregate Agricultural Panel with Application to U.S. Farm Input Demands

LaFrance, Jeffrey Thomas; Tack, Jesse; Pope, Rulon; … - Department of Econometrics and Business Statistics, … - 2014

accommodates output risk, heterogeneous technologies, technological change, endogenous variables, aggregation across agents, and …

Persistent link: https://www.econbiz.de/10011100043