Justification for Writing This Paper. the Essential Features of the Model of Risk-Taking Discussed Here Have Been Presented in …

Income Risk on Consumption. They Gave Necessary and Sufficient Conditions for Consumption to Decrease Under Income Risk …. However, They Did Not Cover Extensively the Case of Capital Risk Without Perfect Markets. in This Note We Provide Necessary … and Sufficient Conditions for Signing the Response of Consumption to a Global Increase in Capital Risk. …

In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business …

generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …

. Investing in research allows him to acquire information, and then to reduce the uncertainty of the risks of his project. We find …

We introduce uncertainty and risk aversion to the study of international environmental agreements. We consider a simple … participation. Overall, and despite risk aversion, the impact of uncertainty on welfare may be positive. A reduction in uncertainty … uncertainty lowers the action of signatories, we find that it may increase participation. In addition, uncertainty may generate …

A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It …