[eng] The geometrical analysis of precautionary saving revisited. . In this paper, we introduce the concept of degree of prudence proposed by Kimball [1990], in order to give explicit foundations to the geometrical analysis of precautionary saving described by Eeckhoudt, Sneessens & Calcoen...

[eng] This paper deals with the precautionary saving motive in the face of interest rate uncer­tainty, in order to complete the results exhibited by Kimball [1990] for income risk. In comparative statics, the condition on the curvature of marginal utility is a no more/suffi­cient condition to...

This paper discusses three issues. What do we know about criminals? attitude towards risk ? How could we represent their preferences? What are the implications for public policies in the area of crime deterrence? Classification JEL : D81, K42.

This note focuses on the design of prevention programmes and the role of tort law regarding the control of risky activities, associated with unknown or imperfectly known risks, such as innovation or (long term) environmental damages. Together with the existence of perception bias on the side of...

This paper studies in a model à la Bebchuk how the existence of an asymmetric information on the risk aversion of parties engaged in a trial affects the way they litigate. We first consider the situation where the plaintiff is the informed party, and solve for the equilibrium with and without...