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On agent's agreement and partial-equilibrium pricing in incomplete markets

Anthropelos, Michail; Žitkovi´c, Gordan - In: Mathematical finance : an international journal of … 20 (2010) 3, pp. 411-446

Persistent link: https://www.econbiz.de/10008667062

Partial equilibria with convex capital requirements : existence, uniqueness and stability

Anthropelos, Michail; Žitkovi´c, Gordan - In: Annals of finance 6 (2010) 1, pp. 107-135

Persistent link: https://www.econbiz.de/10003939570

Market completeness : how options affect hedging and investments in the electricity sector

Willems, Bert; Morbee, Joris - In: Energy economics 32 (2010) 4, pp. 786-795

Persistent link: https://www.econbiz.de/10008779952

Valuing the option to invest in an incomplete market

Henderson, Vicky - In: Mathematics and financial economics 1 (2007) 2, pp. 103-128

Persistent link: https://www.econbiz.de/10003591558

A note on irreversible investment, hedging and optimal consumption problems

Henderson, Vicky; Hobson, David G. - In: International journal of theoretical and applied finance 9 (2006) 6, pp. 997-1007

Persistent link: https://www.econbiz.de/10003380323

Increasing returns and unsynchronized wage adjustment in sunspot models of the business cycle

Huang, Kevin X. D.; Meng, Qinglai - In: Journal of economic theory 147 (2012) 1, pp. 284-309

Persistent link: https://www.econbiz.de/10009548949

Too risk averse to purchase insurance? : a theoretical glance at the annuity puzzle

Bommier, Antoine; Le Grand, François - 2012

This paper suggests a new explanation for the low level of annuitization, which is valid even if one assumes perfect markets. We show that, as soon there exists a positive bequest motive, sufficiently risk averse individuals should not purchase annuities. A model calibration accounting for...