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 …

exceed the wide ranges in CO2 price forecasts. Volatility will significantly increase investment risk, raise the cost of …

I study the effects of risk and ambiguity (Knightian uncertainty) on optimal portfolios and equilibrium asset prices … cash flow news, asset betas, or market risk premia may lead to drastic changes in the stock price and hence to excess …

I study the effects of aversion to risk and ambiguity (uncertainty in the sense of Knight (1921)) on the value of the … negative news may lead to higher valuations of the stock market than idiosyncratic negative events. Aversion to risk and …, the skewness of stock returns is negative (positive) if risk aversion of the marginal investor is high (low) …

In this paper we relate a bank’s choice between retail and wholesale liabilities to real economic uncertainty and the … resulting volatility of bank loan volumes. We argue that since the volume of retail deposits is slow and costly to adjust to … shocks in the volume of bank assets, banks facing more intense uncertainty and more volatile loan demand tend to employ more …