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Safe assets, risky assets, and dynamic inefficiency in overlapping-generations economies

Hellwig, Martin - 2021

The paper gives conditions for dynamic inefficiency of laissez-faire allocations in an overlapping-generations model with safe and risky assets. If the rate of population growth is certain, the conditions given depend only on how the rate of return on safe assets compares to the growth rate. If...

Persistent link: https://www.econbiz.de/10012505813

Safe Assets, Risky Assets, and Dynamic Inefficiency in Overlapping-Generations Economies

Hellwig, Martin F. - 2021

Persistent link: https://www.econbiz.de/10013230714

Overlapping-Generations Economies under Uncertainty : Dynamic Inefficiency/Efficiency with Multiple Assets and no Labour

Hellwig, Martin F. - 2023

The paper gives conditions for efficiency and inefficiency of equilibrium allocations in an overlapping-generations model with a constant rate of population growth and with multiple assets, but without labour. Optimal portfolio choice implies that, for any period and history up to that period,...

Persistent link: https://www.econbiz.de/10014350589

One-Sided Limited Commitment and Aggregate Risk

Ando, Yoshiki; Krueger, Dirk; Uhlig, Harald - National Bureau of Economic Research - 2023

In this paper we study the neoclassical growth model with idiosyncratic income risk and aggregate risk in which risk … pay off depending on both idiosyncratic and aggregate risk, but limited commitment rules out that households sell these … conditions under which it has lower/higher risk premia than the corresponding representative agent version of the model …

Persistent link: https://www.econbiz.de/10014437034

Does firm life cycle impact corporate risk taking and performance?

Shahzad, Farrukh; Lu, Jing; Fareed, Zeeshan - In: Journal of multinational financial management 51 (2019), pp. 23-44

Persistent link: https://www.econbiz.de/10012314600

Does communicating (flood) risk affect (flood) risk perceptions? : results of a quasi-experimental study

Terpstra, Teun; Lindell, Michael K.; Gutterling, Jan M. - In: Risk analysis 29 (2009) 8, pp. 1141-1155

Persistent link: https://www.econbiz.de/10003872880

Risk taking and risk learning after a rare event : evidence from a field experiment in Pakistan

Said, Farah; Afzal, Uzma; Turner, Ginger - In: Journal of economic behavior & organization : JEBO 118 (2015), pp. 167-183

Persistent link: https://www.econbiz.de/10011572441

Risk perception and vulnerability of value : a study in the context of commercial property sector

Bhattacharya-Mis, Namrata; Lamond, Jessica - In: International journal of strategic property management 20 (2016) 3, pp. 252-264

Persistent link: https://www.econbiz.de/10011684464

Applying the perceived probability of risk and bias toward optimism : implications for travel decisions in the face of natural disasters

Rittichainuwat, Bongkosh Ngamsom; Nelson, Robert; … - In: Tourism management : research, policies, practice 66 (2018), pp. 221-232

Persistent link: https://www.econbiz.de/10011814696

Do managers overreact to salient risks? : evidence from hurricane strikes

Dessaint, Olivier; Matray, Adrien - In: Journal of financial economics 126 (2017) 1, pp. 97-121

Persistent link: https://www.econbiz.de/10011751872