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Optimal buffer stocks and precautionary savings with disappointment aversion
Aizenman, Joshua - 1995
Persistent link: https://www.econbiz.de/10000935902
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New activities, the welfare cost of uncertainty and investment policies
Aizenman, Joshua - 1996
Persistent link: https://www.econbiz.de/10000613950
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Political uncertainty, the formation of new activities and growth
Aizenman, Joshua - In: The political dimension of economic growth : …, (pp. 154-170). 1998
Persistent link: https://www.econbiz.de/10001323773
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Future policy uncertainty, effort, and the responsiveness of output to market signals
Aizenman, Joshua - In: Bulletin of economic research 45 (1993) 4, pp. 305-313
Persistent link: https://www.econbiz.de/10001148593
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Volatility, investment and disappointment aversion
Aizenman, Joshua - 1995
Persistent link: https://www.econbiz.de/10000931310
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Investment in new activities and the welfare cost of uncertainty
Aizenman, Joshua - In: Journal of development economics 52 (1997) 2, pp. 259-277
Persistent link: https://www.econbiz.de/10001219871
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Investment in new activities and the welfare cost of uncertainty
Aizenman, Joshua - 1995
Persistent link: https://www.econbiz.de/10000926214
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New Activities, the Welfare Cost of Uncertainty and Investment Policies
Aizenman, Joshua - 1996
weight on downside risk [as modeled by Gul (1991)]. Policy uncertainty is induced by the Disappointment aversion implies that …
Persistent link: https://www.econbiz.de/10012473003
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Volatility, Investment and Disappointment Aversion
Aizenman, Joshua - 1995
continue to hold even if the coefficient of relative risk aversion approaches zero (that is, even if the marginal utility of … income is constant so that agents are risk neutral in the conventional sense) …
Persistent link: https://www.econbiz.de/10012473481
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Investment in New Activities and the Welfare Cost of Uncertainty
Aizenman, Joshua - 1995
and intermediate products used in domestic production. The present paper shows that uncertainty acts as an implicit tax on …-averse entrepreneurs discount using a 'hurdle rate' that exceeds the risk-free interest rate. The gap between the two rates increases with …
Persistent link: https://www.econbiz.de/10012473852