A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …

stereotype of risk averse and less competitive older employees. …

in investment and in the current account, in line with em- pirical evidence, only if the traded sector is more capital …

around 20 per cent of the sample (firms facing a high risk of bankruptcy, firms belonging to the capital goods sector, firms … run contemporaneous elasticities of investment with respect to interest rate through the user cost and through debt …

, gas, and renewable power plants). It finds that optimal investment in renewable energy may start before coal power has … been phased out and even before investment in gas has started, because doing so allows for smoothing investment over time … and reduces adjustment costs. Gas plants may be used to reduce short-term investment in renewable power and associated …

improve investment profile and therefore improving business climate. Furthermore, Heavily Indebted Poor Countries (HIPC …

The choice of a portfolio of technologies by risk averse firms is analyzed. Two technologies with random marginal costs … fferent, and diff erence in risk aversion can explain a full specialization of the industry, the less risk averse fi rms using … the low cost technology and the more risk averse fi rms the other one. The framework is used to discuss the issue of …

represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …

adjustment costs on investment. …