markets. We consider two retailers to illustrate our approach and use a simple game theory treatment to address competition in … tendency for the small discount retailer invests earlier in a new developing market due to the competition effect from the … determine retailers optimal investment thresholds in noncompetitive and competitive markets. The equivalent risk neutral …

joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of … investment under uncertainty by incorporating decision makers' risk preferences and allows explicitly analyzing the impacts of … risk aversion, uncertainty and irreversibility on decisions such as investment and resource allocations. It addresses the …

-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …

.Chapter IIIThis paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … risk-averse subjects are equally likely to cooperate in the prisoner’s dilemma and equally likely to punish in the … risk attitude is a factor when making the decision to cooperate. …

investment behavior which is consistent with theory. However, an income tax with a limited or unlimited loss offset provision …

expanded period of the cycle of production and to the risk that this activity entails, are situations that appoint the future …

Seit Ende der 70er Jahre wurde mit dem Realoptionsansatz ein Instrument zur Beurteilung der Vorteilhaftigkeit von … schlechtere Ergebnisse liefert, wenn die idealtypischen Voraussetzungen für den Realoptionsansatz eben nicht gegeben sind. …

the more conventional two-dimensional methodologyof assessing the relative risk and return attributes of various assets … relevance, the studymakes suggestions as to how time horizons could be incorporated into the risk returnassessments of various …