general view of constant relative risk aversion to investigate on different equivalence relations. Then we compare our results …

impact of economic risk and risk preferences upon regional allocation of investments. The source of risk stems from the … upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the … elasticity of risk aversion. Elements of risk preferences beyond risk aversion prove to be very important to evaluate regional …

The paper studies an duopoly with risk averse firms exposed to demand uncertainty. A risk sharing market is introduced …

Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price … uncertainty. We consider the prospect theory for the firm's utility function in the two moment model known as (mu … theory, mean-variance model, price uncertainty …