This paper studies a dynamic quantile model for intertemporal decisions under uncertainty, in which the decision maker maximizes the τ-quantile of the stream of future utilities, for τ ∈ (0,1). We present two sets of contributions. First, we generalize existing results in directions that are...

This paper explores the benefits that firms obtain when investing in feature-based capabilities. We investigate the external pressures when deciding their feature-based strategy. In addition, we analyze the consumers' customization options and the needs for facilitators to mitigate the negative...

Ethnic diversity plays a crucial role in shaping national economic and social policy. A change in the ethnic composition of a country affects citizens' everyday life and social environment and may challenge present societal values, such as solidarity with and trust in fellowcitizens. Based on...

This paper explores the benefits that firms obtain when investing in feature-based capabilities. We investigate the external pressures when deciding their feature-based strategy. In addition, we analyze the consumers’ customization options and the needs for facilitators to mitigate the...

Ethnic diversity plays a crucial role in shaping national economic and social policy. A change in the ethnic composition of a country affects citizens' everyday life and social environment and may challenge present societal values, such as solidarity with and trust in fellowcitizens. Based on...

This paper contributes to the existing literature by investigating the effect of health on overall economic growth in southern African nations. We examine interactions between health and economic growth by including both education and health among factors of production in a neoclassical growth...

This paper aims at evaluating and comparing across European countries the influence of early-life circumstances, like childhood disparities and educational attainments, on incomes in later life. Using life-history data from SHARELIFE, country-specific structural relationships among childhood...

The aim of the paper is to propose a preferences representation model under risk where risk perception can be past experience dependent. A first step consists in considering a one period decision problem where individual preferences are no more defined only on decisions but on pairs (decision,...

Weather variability can threaten French suckler cow farms which rely on rather extensive forage production. However, flexibility of the production system can help farmer to face crop production shocks. This study aims at assessing how crop yield shocks impact on farms outcomes when adaptive...