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Innovation and multi-level knowledge transfer using a multi-criteria decision making method for the planning of protected areas
Guaita Martínez, José Manuel; Castro-Pardo, Mónica de; … - In: Journal of innovation & knowledge : JIK 4 (2019) 4, pp. 256-261
MCDM methods are useful to obtain information and generate knowledge useful for decision-making processes in multidisciplinary contexts. Particularly, when conflicts occur, knowledge is the key to start negotiation processes between stakeholders in order to achieve consensual solutions. The...
Persistent link: https://www.econbiz.de/10012131347
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Market allocations under ambiguity : a survey
Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marie - In: Revue économique : revue bimestrielle 71 (2020) 2, pp. 267-282
Persistent link: https://www.econbiz.de/10012581715
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Endogenous indeterminacy and volatility of asset prices under ambiguity
Mandler, Michael - In: Theoretical economics : TE ; journal of the Econometric … 8 (2013) 3, pp. 729-750
Persistent link: https://www.econbiz.de/10010207658
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Endogenous indeterminacy and volatility of asset prices under ambiguity
Mandler, Michael - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 729-750
If agents are ambiguity-averse and can invest in productive assets, asset prices can robustly exhibit indeterminacy in … the markets that open after the productive investment has been launched. For indeterminacy to occur, the aggregate supply … systematically. That indeterminacy arises only at a knife-edge set of aggregate supplies allows for a simple explanation of the …
Persistent link: https://www.econbiz.de/10011685225
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Real indeterminacy of general equilibrium under Knightian uncertainty
Ma, Wei - In: Journal of mathematical economics 79 (2018), pp. 106-111
Persistent link: https://www.econbiz.de/10012105620
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Asset prices in an ambiguous economy
Pennesi, Daniele - In: Mathematics and financial economics 12 (2018) 1, pp. 55-73
Persistent link: https://www.econbiz.de/10011963298
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Market allocations under ambiguity : a survey
Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019
We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia result of Dow and Werlang (1992), show how it does or...
Persistent link: https://www.econbiz.de/10012121980
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Market allocations under ambiguity : a survey
Billot, Antoine; Tallon, Jean-Marc; Mukerji, Sujoy - 2019
Persistent link: https://www.econbiz.de/10012233248
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Optimal stopping under ambiguity
Riedel, Frank (contributor) - 2007
We consider optimal stopping problems for ambiguity averse decision makers with multiple priors. In general, backward induction fails. If, however, the class of priors is time-consistent, we establish a generalization of the classical theory of optimal stopping. To this end, we develop first...
Persistent link: https://www.econbiz.de/10003731193
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A tractable model of buffer stock saving
Carroll, Chris; Toche, Patrick - 2009
We present a tractable model of the effects of nonfinancial risk on intertemporal choice. Our purpose is to provide a simple framework that can be adopted in fields like representative-agent macroeconomics, corporate finance, or political economy, where most modelers have chosen not to...
Persistent link: https://www.econbiz.de/10003864314