firms optimal production and exporting decisions. The firms elasticity of risk aversion determines the direction of the … impact of exchange rate risk on exports. Based on a flexible utility function that incorporates all possible risk preferences …, a unique structurally estimable equation is used to estimate the risk aversion elasticities for a panel of Indian …

regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …

Estimating risk preferences is tricky because controlling for confounding factors is difficult. Omitting or imperfectly … controlling for these factors can attribute too much observable behavior to risk aversion and bias estimated preferences. Agents … often modify risky decisions in response to dynamic wealth or asset thresholds, where they exist. Ignoring this dynamic risk …

-varying volatility are preferred to the long-run risk model. We analyze asset pricing implications of the estimated models …

cost minimization to a more general assumption of managerial utility maximization that can incorporate risk incentives into … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature … that ignores the relationship between production decisions and risk. …