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risk aversion is sufficient. These results highlight the importance of the specification of the utility function and its …
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This paper shows that a seemingly simple assumption, regarding the time horizon of economic agents, can reconcile the puzzling long run price dynamics of exhaustible resources such as oil, gas and metals. It does so by exploring the possibility that economic agents use a rolling planning...
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. Some more specific topics covered in this review are optimal risk sharing between companies and governments, time …
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