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Uncertainty and risk-aversion in a dynamic oligopoly with sticky prices

Valentini, Edilio; Vitale, Paolo - 2019

In this paper we present a dynamic discrete-time model that allows to investigate the impact of risk-aversion in an …-time limit of our model with no uncertainty and no risk-aversion. Focusing on the continuous-time limit of the infinite horizon … inversely related to the degrees of uncertainty and risk-aversion. However, the effect of uncertainty and risk …

Persistent link: https://www.econbiz.de/10011980689

Market allocations under ambiguity : a survey

Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019

We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia result of Dow and Werlang (1992), show how it does or...

Persistent link: https://www.econbiz.de/10012121980

Cash-flow business taxation revisited : bankruptcy, risk aversion and asymmetric information

Boadway, Robin W.; Sato, Motohiro; Tremblay, Jean-François - 2015

Persistent link: https://www.econbiz.de/10011388005

A bi-objective robust model for emergency resource allocation under uncertainty

Hu, C. L.; Liu, X.; Hua, Y. K. - In: International journal of production research 54 (2016) 23/24, pp. 7421-7438

Persistent link: https://www.econbiz.de/10011566561

A new predictor of real economic activity : the S&P 500 option implied risk aversion

Sarantopoulou-Chiourea, Sylvia; Skiadopoulos, George - 2015 - This draft: 17 March 2015

We propose a new predictor of real economic activity (REA), namely the representative investor's implied relative risk … increases as risk averse investors enter the market, leading to a decrease in market risk premium thus predicting a REA …

Persistent link: https://www.econbiz.de/10010499597