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Extracting information from options markets : smiles, state-price densities a...
International audience -
Is trust an ambiguous rather than a risky decision
According to an early approach, the decision to trust in the one-shot anonymous trust game is intuitively tantamount to a risky decision: the willingness to bet on the... -
Pricing executive stock options under employment shocks
International audience -
On the shape of risk aversion and asset allocation
This paper focuses on asset allocation. We show how any shapes of risk aversion can be modeled to incorporate the mixed evidence suggested by the empirical studies... -
Comparative risk aversion: A formal approach with applications to saving beha...
We consider a formal approach to comparative risk aversion and apply it to intertemporal choice models. This allows us to ask whether standard classes of utility... -
Risk aversion and technology portfolios
The choice of a portfolio of technologies by risk averse firms is analyzed. Two technologies with random marginal costs are available to produce a homogeneous good. If... -
Random queues and risk averse users
We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random... -
Modèles DSGE Nouveaux Keynésiens, Monnaie et Aversion au Risque.
This thesis presents three theoretical and empirical models of the Eurozone, highlighting the role of risk aversion and money on different macroeconomic variables.... -
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...
