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

Bond risk premia in consumption‐based models

Creal, Drew; Wu, Jing Cynthia - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1461-1484

conditional means of the risk factors, while structural models with recursive preferences credit it to stochastic volatility. We … model with recursive preferences. Our model is affine and has analytical bond prices making it empirically tractable. We use …

Persistent link: https://www.econbiz.de/10012316725

Prevention and mitigation of epidemics: biodiversity conservation and confinement policies

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

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

Additive-belief-based preferences

Dillenberger, David; Raymond, Collin - 2020 - Revised July 13, 2020

Persistent link: https://www.econbiz.de/10012299150

Volatility-reducing biodiversity conservation under strategic interactions

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

Persistent link: https://www.econbiz.de/10012243977

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