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The impact of entrepreneurial risk aversion on wages in general equilibrium
Feng, Ying; Rauch, James E. - 2015
One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk … is intractable. In this note we prove this comparative static result on risk aversion and wages in general equilibrium …, retaining agent heterogeneity in risk aversion and the endogenous division of agents into less risk averse entrepreneurs and …
Persistent link: https://www.econbiz.de/10010519937
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The impact of entrepreneurial risk aversion on wages in general equilibrium
Feng, Ying; Rauch, James E. - 2015
Persistent link: https://www.econbiz.de/10010510029
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The Impact of Entrepreneurial Risk Aversion on Wages in General Equilibrium
Feng, Ying - 2015
One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk … is intractable. In this note we prove this comparative static result on risk aversion and wages in general equilibrium …, retaining agent heterogeneity in risk aversion and the endogenous division of agents into less risk averse entrepreneurs and …
Persistent link: https://www.econbiz.de/10013021717
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The Impact of Entrepreneurial Risk Aversion on Wages in General Equilibrium
Feng, Ying - 2015
One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk … is intractable. In this note we prove this comparative static result on risk aversion and wages in general equilibrium …, retaining agent heterogeneity in risk aversion and the endogenous division of agents into less risk averse entrepreneurs and …
Persistent link: https://www.econbiz.de/10012457625
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Entrepreneurs, risk aversion and dynamic firms
Herranz, Neus; Krasa, Stefan; Villamil, Anne Patricia - 2013
Persistent link: https://www.econbiz.de/10010241541
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A puzzle of excessive equity risk premium and the case of Poland
Kliber, Paweł - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 1, pp. 1-11
The article presents a historical review of the literature related to the empirical problem of excessive risk premium. The risk premium (the difference between the return on equities and risk-free rate) observed in financial markets cannot be reconciled with theoretical models of financial...
Persistent link: https://www.econbiz.de/10011539760
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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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Pricing sin stocks : ethical preference vs. risk aversion
Colonnello, Stefano; Curatola, Giuliano; Gioffré, … - 2017
We develop a model that reproduces the return and volatility spread between sin and non-sin stocks, where investors trade off dividends with the ethical assessment of companies. We relax the assumption of boycott behaviour and investigate the role played by the dividend share of sin stocks on...
Persistent link: https://www.econbiz.de/10011724677
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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 of goods must appear in precise configurations but the...
Persistent link: https://www.econbiz.de/10011685225
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Pricing sin stocks : ethical preference vs. risk aversion
Colonnello, Stefano; Curatola, Giuliano; Gioffré, … - 2018
We develop a model that reproduces the average return and volatility spread between sin and non-sin stocks. Our investors do not necessarily boycott sin companies. Rather, they are open to invest in any company while trading off dividends against ethicalness. We show that when dividends and...
Persistent link: https://www.econbiz.de/10011867480