La litterature sur les decisions d'investissement en incertitude a largement souligne l'interet de reporter la mise en oeuvre des investissements les plus risques en attendant l'arrivee de nouvelles informations sur leurs rentabilites. Nous utilisons le modele standard de choix de portefeuille...

In this paper, we compare the attitude towards current risk of two expected-utility-maximizing investors that are identical except that the first investor will live longer than the second one.

We investigate how intensive should be the monitoring effort and how the reaction of the patentholder may influence the entry decision. In a simultaneous game we show that even if the penalty paid by the infringer and the settlement cost are high, the patentholder may decide to choose a...

In this paper we show that the "Coase problem" of the private oversupply of inputs applies equally to investors supplying capital to firms. Investors would like to commit to supplying only the monopoly amount of capital to an industry, but ex-post may be tempted to fund a second firm, devaluing...