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US Corporate Bond Yield Spread: A default risk debate
According to theoretical models of valuing risky corporate securities, risk of default is primary component in overall yield spread. However, sizable empirical... -
Time preferences, socioeconomic status and smokers' behaviour, attitudes and ...
International audience -
Citizen's participation in permit markets and social welfare under uncertainty
International audience -
Subjective risk and disappointment
URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/bandeau-haut/documents-de-travail/ -
Optimal Monetary Provisions in Plural Form Franchise Systems; A Theoretical M...
Empirical studies show that most franchise chains use dual distribution - or a plural form franchise system - characterized by the coexistence of franchised units and... -
Preference for safety under the Choquet model: in search of a characterization
International audience -
Interacting cobweb markets
International audience -
Braving the waves: the role of time and risk preferences in illegal migration...
This paper aims to provide the first evidence concerning the relationship between time and risk preferences and illegal migration in an African context. Based upon our... -
ESSAYS ON THE ECONOMICS OF MIGRATION FROM DEVELOPING COUNTRIES
The aim of this thesis is to study through four essays the economics of migration from developing countries. The rst chapter assesses the e¤ect of natural disasters... -
Approximations on Risk-Averse Markov Decision Processes
We consider the problem of approximating the values and the optimal policies in risk-averse discounted Markov Decision Processes with in nite horizon. We study the... -
Risk aversion and technology mix in an electricity market
This article analyzes the eff ect of risk and risk aversion on the long-term equilibrium technology mix in an electricity market. It develops a model where fi rms can... -
Economic analysis of health risk prevention behaviors
Many are those to consider that since the development of the curative medicine, the prevention occupied a secondary place in the French health care system. Major... -
Risk Versus Ambiguity and International Security Design
Paper downloadable at: http://ssrn.com/abstract=2399390 -
Asset Prices and Risk Aversion
The standard asset pricing models (the CCAPM and the Epstein-Zin non-expected utility model) counterintuitively predict that equilibrium asset prices can rise if the... -
Models-as-Usual for Unusual Risks? On the Value of Catastrophic Climate Change
URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2014.html -
Credence goods, experts and risk aversion
International audience -
Is Self-Reported Risk Aversion Time Varying?
We examine a Japanese Panel Survey in order to check whether self-reported risk aversion varies over time. In most panels, risk attitude variables are collected only... -
Does Education Affect Risk Aversion?: Evidence from the 1973 British Educatio...
Individual risk attitudes are widely used in order to predict decisions regarding education. These uses of risk attitudes as a control variable for education... -
Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection
We characterize the set of second-best optimal "menus" of student-loan contracts in a simple economy with risky labour-market outcomes, adverse selection, moral hazard...
