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In analysis of atemporal models, comparative statics experiments are typically carried out, often employing envelope properties, such as Roy's identity, Hotelling's lemma and Shephard's lemma, in order to simplify the analysis. In analysis of dynamic models, such experiments are seldom...
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also serve as a business risk-hedging tool. The existing labels for the CDM are not comprehensive enough, however. A two …
Persistent link: https://www.econbiz.de/10005423913
to meet their financial obligations. It is based on classical financial-statement approach, a direct inclusion of risk …
Persistent link: https://www.econbiz.de/10005426756
Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …
Persistent link: https://www.econbiz.de/10005426774
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Ce Document Presente Trois Experiences Faites Pour Tester les Predictions des Principaux Modeles de la Theorie des Jeux Qui Analysent les Consequences de L'attitude Envers le Risque Sur L'issue de la Negociations. les Resultats Confirment Modestement les Predictions de Ces Modeles. Ils Suggerent...
Persistent link: https://www.econbiz.de/10005731957
We study a decision-maker who follows the Savage axioms. We show that if s(he) is able to take unobservable actions which influence the probabilities of outcomes then it can appear to an outsider as if his/her subjective probabilities are non-additive. Implications for multi-period decisions are...
Persistent link: https://www.econbiz.de/10005738229
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the study, we argue that the risk facing market participants comes not from the rational speculative bubble given its …
Persistent link: https://www.econbiz.de/10005744846