Search Results - subject:"Recursive Preferences"

Prevention and mitigation of epidemics : biodiversity conservation and confinement policies

Augeraud-Véron, Emmanuelle; Fabbri, Giorgio; Schubert, … - 2020

This paper presents a ﬁrst model integrating the relation between biodiversity loss and zoonose pandemic risks in a general equilibrium dynamic economic set-up. The occurrence of pandemics is modeled as Poissonian leaps in economic variables. The planner can intervene in the economic and...

Persistent link: https://www.econbiz.de/10012263718

Prevention and mitigation of epidemics: biodiversity conservation and confinement policies

Augeraud-Véron, Emmanuelle; Fabbri, Giorgio; Schubert, … - 2020

Persistent link: https://www.econbiz.de/10012429329

Preferences for partial information and ambiguity

Li, Jian - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 1059-1094

can be averse to partial information as a consequence of ambiguity aversion. It introduces a class of recursive … preferences on an extended choice domain, which allows the preferences to depend on how information is dynamically revealed and to …

Persistent link: https://www.econbiz.de/10012308729

Optimists and pessimists in (in)complete markets

Branger, Nicole; Konermann, Patrick; Schlag, Christian - 2019

investors disagree about the likelihood of jumps and have recursive preferences. We consider two models. In a model with jumps …

Persistent link: https://www.econbiz.de/10012023733

Recursive allocations and wealth distribution with multiple goods: Existence, survivorship, and dynamics

Colacito, R.; Croce, Mariano M.; Liu, Zhao - In: Quantitative Economics 10 (2019) 1, pp. 311-351

We characterize the equilibrium of a complete markets economy with multiple agents featuring a preference for the timing of the resolution of uncertainty. Utilities are defined over an aggregate of two goods. We provide conditions under which the solution of the planner's problem exists, and it...

Persistent link: https://www.econbiz.de/10012215374