Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - CESifo - 2014
role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties … has to be qualified: below a threshold level of risk aversion learning can impact positively on the success of IEAs, above …