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Christian Gollier

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Christian Gollier, 2007. "Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund," CESifo Working Paper Series 1969, CESifo.

    Mentioned in:

    1. De economie van Poolexpedities
      by Thijs in eco.nomie.nl on 2009-09-16 17:42:23
  2. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.

    Mentioned in:

    1. Discounting for future generations: the consensus?
      by Economic Logician in Economic Logic on 2013-02-20 21:45:00
    2. How Should Benefits and Costs Be Discounted in an Intergenerational Context?
      by David Stern in Stochastic Trend on 2013-02-05 10:44:00
  3. Gollier, Christian & Weitzman, Martin L., 2009. "How Should the Distant Future be Discounted When Discount Rates are Uncertain?," IDEI Working Papers 588, Institut d'Économie Industrielle (IDEI), Toulouse.

    Mentioned in:

    1. Discouting with uncertain discount rates
      by Economic Logician in Economic Logic on 2010-02-04 21:12:00

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Christian Gollier & Olivier Gossner, 2020. "Group testing against Covid-19," Post-Print hal-02550740, HAL.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Health > Testing
  2. Christian Gollier, 2020. "If the Objective is Herd Immunity, on Whom Should it be Built?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 671-683, August.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Health > Herd immunity
  3. Gollier, Christian & Weitzman, Martin L., 2010. "How should the distant future be discounted when discount rates are uncertain?," Economics Letters, Elsevier, vol. 107(3), pages 350-353, June.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Discounting
  4. Christian Gollier & Richard Zeckhauser, 2005. "Aggregation of Heterogeneous Time Preferences," Journal of Political Economy, University of Chicago Press, vol. 113(4), pages 878-896, August.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Discounting
  5. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014. "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 145-163.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Discounting

Working papers

  1. Olivier J Blanchard & Christian Gollier & Jean Tirole, 2022. "The portfolio of economic policies needed to fight climate change," Working Paper Series WP22-18, Peterson Institute for International Economics.

    Cited by:

    1. Lackner, Teresa & Fierro, Luca Eduardo & Mellacher, Patrick, 2024. "Opinion Dynamics meet Agent-based Climate Economics: An Integrated Analysis of Carbon Taxation," OSF Preprints rdfze, Center for Open Science.
    2. Roy Kouwenberg & Chenglong Zheng, 2023. "A Review of the Global Climate Finance Literature," Sustainability, MDPI, vol. 15(2), pages 1-32, January.
    3. Bijnens, Gert & Anyfantaki, Sofia & Colciago, Andrea & De Mulder, Jan & Falck, Elisabeth & Labhard, Vincent & Lopez-Garcia, Paloma & Meriküll, Jaanika & Parker, Miles & Röhe, Oke & Schroth, Joachim & , 2024. "The impact of climate change and policies on productivity," Occasional Paper Series 340, European Central Bank.

  2. Sebastien Pouget & Christian Gollier, 2021. "Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership," Working Papers 2021.15, FAERE - French Association of Environmental and Resource Economists.

    Cited by:

    1. Olivier Blanchard & Christian Gollier & Jean Tirole, 2023. "The Portfolio of Economic Policies Needed to Fight Climate Change," Post-Print hal-04472569, HAL.
    2. Mariusz Tomczyk & Henryk Wojtaszek & Małgorzata Chackiewicz & Małgorzata Orłowska, 2023. "Electromobility and Renewable Energy Sources: Comparison of Attitudes and Infrastructure in Poland and Germany," Energies, MDPI, vol. 16(24), pages 1-34, December.
    3. Kim, Daniel & Pouget, Sébastien, 2023. "Do carbon emissions affect the cost of capital? Primary versus secondary corporate bond markets," TSE Working Papers 23-1472, Toulouse School of Economics (TSE).
    4. Blanchard, Olivier Jean & Gollier, Christian & Tirole, Jean, 2022. "Fighting the war against climate change," TSE Working Papers 22-1360, Toulouse School of Economics (TSE).
    5. Christophe Boucher & Wassim Le Lann & Stéphane Matton & Sessi Tokpavi, 2023. "Are ESG ratings informative to forecast idiosyncratic risk?," Working Papers hal-04140193, HAL.

  3. Gollier, Christian, 2021. "The welfare cost of vaccine misallocation, delays and nationalism," CEPR Discussion Papers 15980, C.E.P.R. Discussion Papers.

    Cited by:

    1. Antony Taubman, 2022. "Solidarity As A Practical Craft: Cohesion And Cooperation In Leveraging Access To Medical Technologies Within And Beyond The Trips Agreement," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 29(2), pages 19-45, November.
    2. Andy Glover & Jonathan Heathcote & Dirk Krueger & Jose Victor Rios-Rull, 2020. "Health versus Wealth: On the Distributional Effects of Controlling a Pandemic," Working Papers 2020-038, Human Capital and Economic Opportunity Working Group.
    3. Glover, Andrew & Heathcote, Jonathan & Krueger, Dirk, 2022. "Optimal age-Based vaccination and economic mitigation policies for the second phase of the covid-19 pandemic," Journal of Economic Dynamics and Control, Elsevier, vol. 140(C).
    4. Domenico Delli Gatti & Severin Reissl & Enrico Turco, 2021. "V for Vaccines and Variants," CESifo Working Paper Series 9291, CESifo.
    5. Kazunobu Hayakawa, 2022. "Impacts of Vaccination on International Trade During the Pandemic Era," The Developing Economies, Institute of Developing Economies, vol. 60(4), pages 206-227, December.

  4. Gollier, Christian, 2021. "The Welfare Cost of Ignoring the Beta," FEEM Working Papers 309916, Fondazione Eni Enrico Mattei (FEEM).

    Cited by:

    1. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    2. Spackman, Michael, 2021. "Social discounting and the equity premium," LSE Research Online Documents on Economics 111488, London School of Economics and Political Science, LSE Library.

  5. Christian Gollier, 2020. "If the Objective is Herd Immunity, on Whom Should it be Built?," EconPol Policy Brief 29, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

    Cited by:

    1. Christian Gollier, 2020. "Cost–benefit analysis of age‐specific deconfinement strategies," Post-Print hal-03156641, HAL.
    2. James K. Hammitt, 2020. "Valuing mortality risk in the time of COVID-19," Journal of Risk and Uncertainty, Springer, vol. 61(2), pages 129-154, October.
    3. Santos, Cezar & Brotherhood, Luiz & Kircher, Philipp & Tertilt, Michèle, 2020. "An economic model of the Covid-19 epidemic: The importance of testing and age-specific policies," CEPR Discussion Papers 14695, C.E.P.R. Discussion Papers.
    4. Guimarães, Luís, 2021. "Antibody tests: They are more important than we thought," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    5. Giagheddu, Marta & Papetti, Andrea, 2023. "The macroeconomics of age-varying epidemics," European Economic Review, Elsevier, vol. 151(C).
    6. Guimaraes, Luis, 2020. "Antibody Tests: They are More Important than We Thought," QBS Working Paper Series 2020/07, Queen's University Belfast, Queen's Business School.
    7. Giammetti, Raffaele & Papi, Luca & Teobaldelli, Désirée & Ticchi, Davide, 2022. "The optimality of age-based lockdown policies," Journal of Policy Modeling, Elsevier, vol. 44(3), pages 722-738.
    8. Josselin Thuilliez & Nouhoum Touré, 2024. "Opinions and vaccination during an epidemic," Post-Print hal-04490900, HAL.
    9. Gollier, Christian, 2021. "The welfare cost of vaccine misallocation, delays and nationalism," CEPR Discussion Papers 15980, C.E.P.R. Discussion Papers.
    10. Josselin Thuilliez & Nouhoum Touré, 2024. "Opinions and vaccination during an epidemic," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04490900, HAL.
    11. M. Alper Çenesiz & Luís Guimarães, 2022. "COVID‐19: What if immunity wanes?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 626-664, February.
    12. Sandrine Spaeter, 2021. "How to Reconcile Pandemic Business Interruption Risk With Insurance Coverage," Working Papers of BETA 2021-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

  6. Christian Gollier & Olivier Gossner, 2020. "Group Testing against COVID-19," Working Papers 2020-04, Center for Research in Economics and Statistics, revised 02 Apr 2020.

    Cited by:

    1. Christian Gollier, 2020. "Cost–benefit analysis of age‐specific deconfinement strategies," Post-Print hal-03156641, HAL.
    2. Koen B. Pouwels & Laurence S. J. Roope & Adrian Barnett & David J. Hunter & Terry M. Nolan & Philip M. Clarke, 2020. "Group Testing for SARS-CoV-2: Forward to the Past?," PharmacoEconomics - Open, Springer, vol. 4(2), pages 207-210, June.
    3. Lipnowski, Elliot & Ravid, Doron, 2021. "Pooled testing for quarantine decisions," Journal of Economic Theory, Elsevier, vol. 198(C).
    4. Brodeur, Abel & Gray, David & Islam, Anik & Bhuiyan, Suraiya Jabeen, 2020. "A Literature Review of the Economics of COVID-19," GLO Discussion Paper Series 601, Global Labor Organization (GLO).
    5. C. Baunez & Mickael Degoulet & Stéphane Luchini & Patrick Pintus & Miriam Teschl, 2020. "Sub-National Allocation of COVID-19 Tests: An Efficiency Criterion with an Application to Italian Regions," Working Papers hal-02544388, HAL.
    6. Rahul Deb & Mallesh Pai & Akhil Vohra & Rakesh Vohra, 2022. "Testing alone is insufficient," Review of Economic Design, Springer;Society for Economic Design, vol. 26(1), pages 1-21, March.
    7. Hanno Beck & Aloys Prinz & Elmar Wolfstetter, 2022. "Vaccination Gap, Vaccination Fraud and Inefficient Testing," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(5), pages 330-336, September.
    8. Tarun Jain & Bijendra Nath Jain, 2021. "Infection Testing at Scale: An Examination of Pooled Testing Diagnostics," Vikalpa: The Journal for Decision Makers, , vol. 46(1), pages 13-26, March.
    9. Ely, Jeffrey & Galeotti, Andrea & Jann, Ole & Steiner, Jakub, 2021. "Optimal test allocation," Journal of Economic Theory, Elsevier, vol. 193(C).
    10. Sauvagnat, Julien & Barrot, Jean-Noël & Grassi, Basile, 2020. "Estimating the costs and benefits of mandated business closures in a pandemic," CEPR Discussion Papers 14757, C.E.P.R. Discussion Papers.
    11. Long Hai Vo & Thai‐Ha Le, 2022. "COVID‐19 test‐kit trade and trade policy: Implications for developing countries," The World Economy, Wiley Blackwell, vol. 45(10), pages 3246-3268, October.
    12. Vincent Brault & Bastien Mallein & Jean-François Rupprecht, 2021. "Group testing as a strategy for COVID-19 epidemiological monitoring and community surveillance," PLOS Computational Biology, Public Library of Science, vol. 17(3), pages 1-25, March.
    13. Lu Tang & Yiwang Zhou & Lili Wang & Soumik Purkayastha & Leyao Zhang & Jie He & Fei Wang & Peter X.‐K. Song, 2020. "A Review of Multi‐Compartment Infectious Disease Models," International Statistical Review, International Statistical Institute, vol. 88(2), pages 462-513, August.
    14. Karolina Drela & Agnieszka Malkowska & Anna Bera & Anna Tokarz-Kocik, 2021. "Instruments for Managing the EU Labour Market in the Face of the COVID-19 Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 984-998.

  7. Christian Gollier, 2020. "Cost–benefit analysis of age‐specific deconfinement strategies," Post-Print hal-03156641, HAL.

    Cited by:

    1. Giorgio Fabbri & Salvatore Federico & Davide Fiaschi & Fausto Gozzi, 2021. "Mobility decisions, economic dynamics and epidemic," Papers 2107.01746, arXiv.org, revised Oct 2023.
    2. Pestieau, Pierre & Ponthiere, Gregory, 2021. "Optimal lockdown and social welfare," LIDAM Reprints CORE 3181, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Brotherhood, Luiz & Kircher, Philipp & Santos, Cezar & Tertilt, Michèle, 2023. "Optimal Age-based Policies for Pandemics: An Economic Analysis of Covid-19 and Beyond," IDB Publications (Working Papers) 13295, Inter-American Development Bank.
    4. Francesca Caselli & Mr. Francesco Grigoli & Mr. Damiano Sandri & Mr. Antonio Spilimbergo, 2020. "Mobility under the COVID-19 Pandemic: Asymmetric Effects across Gender and Age," IMF Working Papers 2020/282, International Monetary Fund.
    5. Ichino, Andrea & Favero, Carlo A. & Rustichini, Aldo, 2020. "Restarting the economy while saving lives under Covid-19," CEPR Discussion Papers 14664, C.E.P.R. Discussion Papers.
    6. Pongou, Roland & Tchuente, Guy & Tondji, Jean-Baptiste, 2021. "Optimally Targeting Interventions in Networks during a Pandemic: Theory and Evidence from the Networks of Nursing Homes in the United States," GLO Discussion Paper Series 957, Global Labor Organization (GLO).
    7. Augeraud-Véron, E. & Fabbri, G. & Schubert, K., 2020. "Prevention and mitigation of epidemics:Biodiversity conservation and confinement policies," Working Papers 2020-11, Grenoble Applied Economics Laboratory (GAEL).
    8. Christian Gollier, 2020. "Pandemic economics: optimal dynamic confinement under uncertainty and learning," Post-Print hal-03180664, HAL.
    9. Martin F Quaas & Jasper N Meya & Hanna Schenk & Björn Bos & Moritz A Drupp & Till Requate, 2021. "The social cost of contacts: Theory and evidence for the first wave of the COVID-19 pandemic in Germany," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-29, March.
    10. Bisin, Alberto & Moro, Andrea, 2022. "Spatial‐SIR with network structure and behavior: Lockdown rules and the Lucas critique," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 370-388.
    11. Jacek Rothert, 2021. "Optimal federal transfers during uncoordinated response to a pandemic," GRAPE Working Papers 58, GRAPE Group for Research in Applied Economics.
    12. Céline Azémar & Rodolphe Desbordes & Paolo Melindi-Ghidi & Jean-Philippe Nicolaï, 2022. "Winners and Losers of the COVID-19 Pandemic: An Excess Profits Tax Proposal," EconomiX Working Papers 2022-8, University of Paris Nanterre, EconomiX.
    13. Giorgio Fabbri & Fausto Gozzi & Giovanni Zanco, 2020. "Verification Results for Age-Structured Models of Economic-Epidemics Dynamics," Papers 2008.07335, arXiv.org.
    14. Tsutomu Watanabe & Tomoyoshi Yabu, 2021. "Japan’s Voluntary Lockdown: Further Evidence Based on Age-Specific Mobile Location Data," Working Papers on Central Bank Communication 034, University of Tokyo, Graduate School of Economics.
    15. Laurent Miclo & Daniel Spiro & Jörgen Weibull, 2022. "Optimal epidemic suppression under an ICU constraint: an analytical solution," Post-Print hal-02563023, HAL.
    16. Bairoliya, Neha & İmrohoroğlu, Ayşe, 2023. "Macroeconomic consequences of stay-at-home policies during the COVID-19 pandemic," European Economic Review, Elsevier, vol. 152(C).
    17. Gopal K. Basak & Chandramauli Chakraborty & Pranab Kumar Das, 2021. "Optimal Lockdown Strategy in a Pandemic: An Exploratory Analysis for Covid-19," Papers 2109.02512, arXiv.org.
    18. Andrea Aspri & Elena Beretta & Alberto Gandolfi & Etienne Wasmer, 2021. "Mortality containment vs. Economics Opening: Optimal policies in a SEIARD model," Post-Print hal-03950294, HAL.
    19. Pongou, Roland & Sidie, Ghislain Junior & Tchuente, Guy & Tondji, Jean-Baptiste, 2022. "Profits, Pandemics, and Lockdown Effectiveness in Nursing Home Networks," National Institute of Economic and Social Research (NIESR) Discussion Papers 540, National Institute of Economic and Social Research.
    20. Roland Pongou & Guy Tchuente & Jean-Baptiste Tondji, 2021. "Optimally Targeting Interventions in Networks during a Pandemic: Theory and Evidence from the Networks of Nursing Homes in the United States," Papers 2110.10230, arXiv.org.
    21. Gollier, Christian, 2021. "The welfare cost of vaccine misallocation, delays and nationalism," CEPR Discussion Papers 15980, C.E.P.R. Discussion Papers.
    22. Federico, Salvatore & Ferrari, Giorgio, 2021. "Taming the spread of an epidemic by lockdown policies," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    23. Paul Levine & Neil Rickman, 2021. "Optimal Lockdown in an Epidemiological-Macroeconomic Model," School of Economics Discussion Papers 0421, School of Economics, University of Surrey.

  8. Christian Gollier, 2020. "Pandemic economics: Optimal dynamic confinement under uncertainty and learning," Post-Print hal-02909470, HAL.

    Cited by:

    1. Christian Gollier, 2020. "Cost–benefit analysis of age‐specific deconfinement strategies," Post-Print hal-03156641, HAL.
    2. Pongou, Roland & Tchuente, Guy & Tondji, Jean-Baptiste, 2021. "Optimally Targeting Interventions in Networks during a Pandemic: Theory and Evidence from the Networks of Nursing Homes in the United States," GLO Discussion Paper Series 957, Global Labor Organization (GLO).
    3. Epp, Markus & Jäger, Marius, 2021. "Network Exposure in the Propagation of the COVID-19 Pandemic," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242465, Verein für Socialpolitik / German Economic Association.
    4. Claudius Gros & Daniel Gros, 2020. "The economics of stop-and-go epidemic control," Papers 2012.07739, arXiv.org, revised Nov 2021.
    5. Roland Pongou & Guy Tchuente & Jean-Baptiste Tondji, 2023. "Optimal interventions in networks during a pandemic," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(2), pages 847-883, April.
    6. Laurent Miclo & Daniel Spiro & Jörgen Weibull, 2022. "Optimal epidemic suppression under an ICU constraint: an analytical solution," Post-Print hal-02563023, HAL.
    7. Bandyopadhyay, Siddhartha & Chatterjee, Kalyan & Das, Kaustav & Roy, Jaideep, 2021. "Learning versus habit formation: Optimal timing of lockdown for disease containment," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    8. Siddhartha Bandyopadhyay & Kalyan Chatterjee & Kaustav Das & Jaideep Roy, 2020. "Learning or habit formation? Optimal timing of lockdown for disease containment," Discussion Papers 20-17, Department of Economics, University of Birmingham.
    9. Caixia Wang & Huijie Li, 2022. "Public Compliance Matters in Evidence-Based Public Health Policy: Evidence from Evaluating Social Distancing in the First Wave of COVID-19," IJERPH, MDPI, vol. 19(7), pages 1-13, March.
    10. Christian Gollier, 2021. "Insurance economics and COVID‐19," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(4), pages 825-829, December.
    11. Alexander Muermann & Casey Rothschild, 2020. "Special issue “Covid-19: the economics of pandemic risks and insurance” of the Geneva Risk and Insurance Review," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 45(2), pages 75-79, September.
    12. Roland Pongou & Guy Tchuente & Jean-Baptiste Tondji, 2021. "Optimally Targeting Interventions in Networks during a Pandemic: Theory and Evidence from the Networks of Nursing Homes in the United States," Papers 2110.10230, arXiv.org.
    13. Gollier, Christian, 2021. "The welfare cost of vaccine misallocation, delays and nationalism," CEPR Discussion Papers 15980, C.E.P.R. Discussion Papers.

  9. Gollier, Christian, 2019. "A general theory of risk apportionment," TSE Working Papers 19-1003, Toulouse School of Economics (TSE).

    Cited by:

    1. Wong, Kit Pong, 2021. "Comparative risk aversion with two risks," Journal of Mathematical Economics, Elsevier, vol. 97(C).
    2. Hammitt, James K., 2022. "Downside Risk Aversion vs Decreasing Absolute Risk Aversion: An Intuitive Exposition," TSE Working Papers 22-1359, Toulouse School of Economics (TSE).
    3. David Crainich & Louis Eeckhoudt & Olivier Le Courtois, 2020. "Intensity of preferences for bivariate risk apportionment," Post-Print hal-03133126, HAL.
    4. Christian Gollier, 2020. "If the objective is herd immunity, on whom should it be built?," Post-Print hal-02892835, HAL.
    5. Paan Jindapon & Liqun Liu & William S. Neilson, 2021. "Comparative risk apportionment," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(1), pages 91-112, April.
    6. James K. Hammitt, 2023. "Downside risk aversion vs decreasing absolute risk aversion: an intuitive exposition," Theory and Decision, Springer, vol. 95(1), pages 1-10, July.

  10. Christian Gollier, 2019. "Le climat après la fin du mois," Post-Print hal-02552432, HAL.

    Cited by:

    1. Jean-Luc Gaffard, 2022. "Instabilité et résilience des économies de marché: Essai sur l'économie du libéralisme social," GREDEG Working Papers 2022-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Ankinée KIRAKOZIAN & Raphaël CHIAPPINI & Nabila ARFAOUI, 2023. "Nudging employees for greener mobility A field experiment," Bordeaux Economics Working Papers 2023-09, Bordeaux School of Economics (BSE).

  11. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).

    Cited by:

    1. Gollier, Christian, 2018. "Stochastic volatility implies fourth-degree risk dominance: Applications to asset pricing," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 155-171.

  12. Cherbonnier, Frédéric & Gollier, Christian, 2018. "Risk-adjusted social discount rates," TSE Working Papers 18-972, Toulouse School of Economics (TSE), revised Dec 2020.

    Cited by:

    1. Deborah Lucas & Jorge Jimenez Montesinos, 2020. "A Fair Value Approach to Valuing Public Infrastructure Projects and the Risk Transfer in Public-Private Partnerships," NBER Chapters, in: Economic Analysis and Infrastructure Investment, pages 369-402, National Bureau of Economic Research, Inc.
    2. McCarthy, David G. & Wang, Po-Lin, 2021. "Pooling mortality risk in Eurozone state pension liabilities: An application of a Bayesian coherent multi-population cohort-based mortality model," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 459-485.

  13. Gollier, Christian, 2018. "The cost-efficiency carbon pricing puzzle," TSE Working Papers 18-952, Toulouse School of Economics (TSE), revised Apr 2022.

    Cited by:

    1. Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
    2. Emanuele Campiglio & Simon Dietz & Frank Venmans, 2022. "Optimal Climate Policy as If the Transition Matters," CESifo Working Paper Series 10139, CESifo.
    3. Moritz A. Drupp & Frikk Nesje & Robert C. Schmidt & Robert Christian Schmidt, 2022. "Pricing Carbon," CESifo Working Paper Series 9608, CESifo.
    4. van den Bijgaart, Inge & Rodriguez, Mauricio, 2023. "Closing wells: Fossil development and abandonment in the energy transition," Resource and Energy Economics, Elsevier, vol. 74(C).
    5. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    6. Na Liu & Futie Song, 2021. "Marginal Abatement Cost of Carbon Emissions under Different Shared Socioeconomic Pathways," Sustainability, MDPI, vol. 13(24), pages 1-17, December.
    7. Coppens, Léo & Venmans, Frank, 2023. "The welfare properties of climate targets," LSE Research Online Documents on Economics 120567, London School of Economics and Political Science, LSE Library.
    8. Maria Alessia Aiello & Cristina Angelico, 2022. "Climate change and credit risk: the effect of carbon taxes on Italian banks' business loan default rates," Questioni di Economia e Finanza (Occasional Papers) 688, Bank of Italy, Economic Research and International Relations Area.
    9. Ottmar Edenhofer & Kai Lessmann & Ibrahim Tahri, 2021. "Asset Pricing and the Carbon Beta of Externalities," CESifo Working Paper Series 9269, CESifo.
    10. Blanchard, Olivier Jean & Gollier, Christian & Tirole, Jean, 2022. "Fighting the war against climate change," TSE Working Papers 22-1360, Toulouse School of Economics (TSE).
    11. Silvi, Mariateresa & Padilla Rosa, Emilio, 2023. "A tragedy of the horizons? An intertemporal perspective on public support for carbon taxes," Energy Economics, Elsevier, vol. 125(C).
    12. Stefano Carattini & Giseong Kim & Givi Melkadze & Aude Pommeret, 2023. "Carbon Taxes and Tariffs, Financial Frictions, and International Spillovers," CESifo Working Paper Series 10851, CESifo.
    13. Bauer, Michael & Hänsel, Martin & Drupp, Moritz & Wagner, Gernot & Rudebusch, Glenn, 2022. "Climate Policy Curves: Linking Policy Choices to Climate Outcomes," CEPR Discussion Papers 17703, C.E.P.R. Discussion Papers.
    14. Achim Hagen & Karen Pittel, 2021. "Chancen und Risiken klimapolitischer Langfriststrategien am Beispiel des deutschen Klimaschutzgesetzes," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(5), pages 334-338, May.

  14. Gollier, Christian, 2017. "Valuation of natural capital under uncertain substitutability," IDEI Working Papers 871, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Dupoux, Marion & Martinet, Vincent, 2022. "Could the environment be a normal good for you and an inferior good for me? A theory of context-dependent substitutability and needs," Resource and Energy Economics, Elsevier, vol. 69(C).
    2. Moritz A. Drupp & Martin C. Hänsel, 2020. "Relative Prices and Climate Policy: How the Scarcity of Non-Market Goods Drives Policy Evaluation," CESifo Working Paper Series 8052, CESifo.
    3. Michalis Skourtos & Dimitris Damigos & Areti Kontogianni & Christos Tourkolias & Alistair Hunt, 2019. "Embedding Preference Uncertainty for Environmental Amenities in Climate Change Economic Assessments: A “Random” Step Forward," Economies, MDPI, vol. 7(4), pages 1-22, October.
    4. Maureen L. Cropper & Yongjoon Park, 2024. "Incorporating Air and Water Pollution into the National Income and Product Accounts," NBER Chapters, in: Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective, National Bureau of Economic Research, Inc.
    5. Jonas Heckenhahn & Moritz A. Drupp, 2022. "Relative Price Changes of Ecosystem Services: Evidence from Germany," CESifo Working Paper Series 9656, CESifo.
    6. Jonas Heckenhahn & Moritz A. Drupp, 2024. "Relative Price Changes of Ecosystem Services: Evidence from Germany," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(3), pages 833-880, March.
    7. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    8. Lopez, Ramon E. & Pastén, Roberto & Gutiérrez Cubillos, Pablo, 2022. "Climate change in times of economic uncertainty: A perverse tragedy of the commons?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 209-225.
    9. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.
    10. Hänsel Martin C. & Edenhofer Ottmar, 2023. "A New Decade of Research on the Economics of Climate Change," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 243(5), pages 471-476, October.

  15. Gollier, Christian, 2017. "Variance stochastic orders," TSE Working Papers 17-828, Toulouse School of Economics (TSE).

    Cited by:

    1. Henri Loubergé & Yannick Malevergne & Béatrice Rey, 2019. "New Results for Additive and Multiplicative Risk Apportionment," Working Papers halshs-02100855, HAL.
    2. Gollier, Christian, 2018. "Stochastic volatility implies fourth-degree risk dominance: Applications to asset pricing," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 155-171.

  16. Gollier, Christian, 2016. "Aversion to risk of regret and preference for positively skewed risks," TSE Working Papers 16-646, Toulouse School of Economics (TSE), revised Sep 2016.

    Cited by:

    1. Olivier Armantier & Jérôme Foncel & Nicolas Treich, 2023. "Insurance and portfolio decisions: Two sides of the same coin?," Post-Print hal-04062463, HAL.
    2. Herweg, Fabian & Müller, Daniel, 2021. "A comparison of regret theory and salience theory for decisions under risk," Journal of Economic Theory, Elsevier, vol. 193(C).
    3. Rabah Amir, 2020. "Special Issue: Supermodularity and Monotonicity in Economics," Post-Print hal-03122852, HAL.
    4. Klaus Wälde, 2016. "Emotion Research in Economics," CESifo Working Paper Series 5982, CESifo.
    5. Florence Lachet-Touya, 2019. "Relationships and nature of contracts in the distribution structure for responsible trade," Working Papers hal-02937865, HAL.
    6. Seyedali VAHEDI MOAKHAR & Najla SHAFIGH & Romina ZERAFAT & Reza SOHAE, 2018. "The Effect Of Regret Determinants On Consumers' Post-Purchase Behavior In Urban Shopping Complex Building," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 10(2), pages 63-77, June.
    7. Fujii, Yoichiro & Okura, Mahito & Osaki, Yusuke, 2021. "Is insurance normal or inferior? -A regret theoretical approach-," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    8. Philipp M. Möller, 2018. "Drawdown Measures And Return Moments," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 21(07), pages 1-42, November.
    9. Florence Lachet-Touya, 2019. "Relevance of potential supply structures in frameworks involving consumer's private information: the case of fair trade," Working Papers hal-02937902, HAL.
    10. Louis Eeckhoudt & Anna Maria Fiori & Emanuela Rosazza Gianin, 2018. "Risk Aversion, Loss Aversion, and the Demand for Insurance," Risks, MDPI, vol. 6(2), pages 1-19, May.

  17. Gollier, Christian, 2016. "Explaining rank-dependent utility with regret and rejoicing," IDEI Working Papers 863, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Klaus Wälde, 2016. "Emotion Research in Economics," CESifo Working Paper Series 5982, CESifo.
    2. Weidong Tian & Junya Jiang & Weidong Tian, 2017. "Model Uncertainty Effect on Asset Prices," International Review of Finance, International Review of Finance Ltd., vol. 17(2), pages 205-233, June.

  18. Gollier, Christian, 2015. "Taux d'actualisation et rémunération du capital," TSE Working Papers 15-589, Toulouse School of Economics (TSE).

    Cited by:

    1. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.
    2. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," PSE-Ecole d'économie de Paris (Postprint) hal-01666574, HAL.

  19. Simon Dietz & Christian Gollier & Louise Kessler, 2015. "The climate beta," GRI Working Papers 190, Grantham Research Institute on Climate Change and the Environment.

    Cited by:

    1. Lars Hultkrantz, 2021. "Discounting in economic evaluation of healthcare interventions: what about the risk term?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(3), pages 357-363, April.
    2. Emanuele Campiglio & Simon Dietz & Frank Venmans, 2022. "Optimal Climate Policy as If the Transition Matters," CESifo Working Paper Series 10139, CESifo.
    3. Karp, Larry & Rezai, Armon, 2017. "Asset prices and climate policy," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6fx579fp, Department of Agricultural & Resource Economics, UC Berkeley.
    4. Steffen, Bjarne, 2020. "Estimating the cost of capital for renewable energy projects," Energy Economics, Elsevier, vol. 88(C).
    5. Moritz A. Drupp & Martin C. Hänsel, 2020. "Relative Prices and Climate Policy: How the Scarcity of Non-Market Goods Drives Policy Evaluation," CESifo Working Paper Series 8052, CESifo.
    6. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Carbon Policies and Climate Financial Regulation," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    7. Johannes Stroebel & Jeffrey Wurgler, 2021. "What Do You Think about Climate Finance?," CESifo Working Paper Series 9350, CESifo.
    8. Gollier, Christian, 2019. "Valuation of natural capital under uncertain substitutability," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 54-66.
    9. Stefano Giglio & Bryan Kelly & Johannes Stroebel, 2020. "Climate Finance," CESifo Working Paper Series 8772, CESifo.
    10. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    11. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    12. Michael D. Bauer & Glenn D. Rudebusch, 2020. "The Rising Cost of Climate Change: Evidence from the Bond Market," Working Paper Series 2020-25, Federal Reserve Bank of San Francisco.
    13. Ottmar Edenhofer & Kai Lessmann & Ibrahim Tahri, 2021. "Asset Pricing and the Carbon Beta of Externalities," CESifo Working Paper Series 9269, CESifo.
    14. Trinks, Arjan & Mulder, Machiel & Scholtens, Bert, 2020. "An Efficiency Perspective on Carbon Emissions and Financial Performance," Ecological Economics, Elsevier, vol. 175(C).
    15. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    16. Dejan Makovšek & Marian Moszoro, 2018. "Risk pricing inefficiency in public–private partnerships," Transport Reviews, Taylor & Francis Journals, vol. 38(3), pages 298-321, May.
    17. Christoph Hambel & Holger Kraft & Rick van der Ploeg, 2020. "Asset Diversification versus Climate Action," CESifo Working Paper Series 8476, CESifo.
    18. Spackman, Michael, 2021. "Social discounting and the equity premium," LSE Research Online Documents on Economics 111488, London School of Economics and Political Science, LSE Library.
    19. Christian Gollier, 2021. "The Welfare Cost of Ignoring the Beta," Working Papers 2021.03, Fondazione Eni Enrico Mattei.
    20. Rick Van der Ploeg & Christoph Hambel & Holger Kraft, 2020. "Asset Pricing and Decarbonization: Diversification versus Climate Action," Economics Series Working Papers 901, University of Oxford, Department of Economics.
    21. Rogna, Marco & Vogt, Carla J., 2021. "Accounting for inequality aversion can justify the 2° C goal," Ruhr Economic Papers 925, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    22. Wang, Juan & Li, Jing & Zhang, Qingjun, 2021. "Does carbon efficiency improve financial performance? Evidence from Chinese firms," Energy Economics, Elsevier, vol. 104(C).
    23. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    24. Shiba Suzuki & Hiroaki Yamagami, 2020. "Optimism on Pollution-Driven Disasters and Asset Prices," Working Papers 2020.06, FAERE - French Association of Environmental and Resource Economists.
    25. Lint Barrage, 2019. "The Nobel Memorial Prize for William D. Nordhaus," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(3), pages 884-924, July.
    26. Frederick Ploeg, 2018. "The safe carbon budget," Climatic Change, Springer, vol. 147(1), pages 47-59, March.
    27. Michael Spackman, 2017. "Social discounting: the SOC/STP divide," GRI Working Papers 182, Grantham Research Institute on Climate Change and the Environment.
    28. Anil Markandya & Enrica Cian & Laurent Drouet & Josué M. Polanco-Martínez & Francesco Bosello, 2019. "Building Risk into the Mitigation/Adaptation Decisions simulated by Integrated Assessment Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1687-1721, December.
    29. Daniel Harenberg & Stefano Marelli & Bruno Sudret & Viktor Winschel, 2017. "Uncertainty Quantification and Global Sensitivity Analysis for Economic Models," CER-ETH Economics working paper series 17/265, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    30. Christos Karydas & Anastasios Xepapadeas, 2019. "Climate change risks: pricing and portfolio allocation," CER-ETH Economics working paper series 19/327, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    31. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.

  20. Gollier, Christian & Pouget, Sébastien, 2014. "The "Washing Machine": Investment Strategies and Corporate Behavior with Socially Responsible Investors," IDEI Working Papers 813, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Bradford Cornell, 2021. "ESG preferences, risk and return," European Financial Management, European Financial Management Association, vol. 27(1), pages 12-19, January.
    2. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2019. "Sustainable Investing in Equilibrium," NBER Working Papers 26549, National Bureau of Economic Research, Inc.
    3. Rohleder, Martin & Wilkens, Marco & Zink, Jonas, 2022. "The effects of mutual fund decarbonization on stock prices and carbon emissions," Journal of Banking & Finance, Elsevier, vol. 134(C).
    4. Michele Fioretti & Victor Saint-Jean & Simon C Smith, 2022. "The Voice: The Shareholders' Motives Behind Corporate Donations during COVID-19 (former title: Selfish Shareholders: Corporate Donations during COVID-19)," Working Papers hal-03386585, HAL.
    5. Opp, Marcus & Oehmke, Martin, 2020. "A theory of socially responsible investment," CEPR Discussion Papers 14351, C.E.P.R. Discussion Papers.
    6. Gillan, Stuart L. & Koch, Andrew & Starks, Laura T., 2021. "Firms and social responsibility: A review of ESG and CSR research in corporate finance," Journal of Corporate Finance, Elsevier, vol. 66(C).
    7. Zingales, Luigi & Broccardo, Eleonora & Hart, Oliver, 2020. "Exit vs. Voice," CEPR Discussion Papers 15176, C.E.P.R. Discussion Papers.
      • Eleonora Broccardo & Oliver D. Hart & Luigi Zingales, 2020. "Exit vs. Voice," NBER Working Papers 27710, National Bureau of Economic Research, Inc.
      • Eleonora Broccardo & Oliver D. Hart & Luigi Zingales, 2020. "Exit vs. Voice," Working Papers 2020-114, Becker Friedman Institute for Research In Economics.
    8. Moisson, Paul-Henri, 2024. "Social Responsibility, Consequentialism and Public Policy," TSE Working Papers 24-1521, Toulouse School of Economics (TSE).
    9. Jonghyuk Bae & Natalya Khimich & Sungsoo Kim & Emanuel Zur, 2023. "Can Green Investments Increase Your Green? Evidence from Social Hedge Fund Activists," Journal of Business Ethics, Springer, vol. 187(4), pages 781-801, November.
    10. Chen, Tao & Dong, Hui & Lin, Chen, 2020. "Institutional shareholders and corporate social responsibility," Journal of Financial Economics, Elsevier, vol. 135(2), pages 483-504.
    11. Philippe DESBRIERES, 2017. "L’investissement conforme à la Charia est-il socialement responsable ?,Is Shariah compliant investment socially responsible?," Working Papers CREGO 1171001, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    12. Krüger, Philipp, 2015. "Corporate goodness and shareholder wealth," Journal of Financial Economics, Elsevier, vol. 115(2), pages 304-329.
    13. Borgers, Arian & Derwall, Jeroen & Koedijk, Kees & ter Horst, Jenke, 2015. "Do social factors influence investment behavior and performance? Evidence from mutual fund holdings," Journal of Banking & Finance, Elsevier, vol. 60(C), pages 112-126.
    14. Broccardo, Eleonora & Hart, Oliver D. & Zingales, Luigi, 2021. "Exit vs. Voice," Working Papers 302, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    15. Pedersen, Lasse Heje & Fitzgibbons, Shaun & Pomorski, Lukasz, 2021. "Responsible investing: The ESG-efficient frontier," Journal of Financial Economics, Elsevier, vol. 142(2), pages 572-597.
    16. Olivier David Zerbib, 2022. "A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion [Asset pricing with liquidity risk]," Review of Finance, European Finance Association, vol. 26(6), pages 1345-1388.
    17. Rob Bauer & Dirk Broeders & Annick van Ool, 2023. "Walk the green talk? A textual analysis of pension funds’ disclosures of sustainable investing," Working Papers 770, DNB.
    18. Koedijk, Kees & ter Horst, Jenke & Borgers, Arian & Derwall, Jeroen, 2015. "Do Social Factors Influence Investment Behaviour and Performance? Evidence from Mutual Fund Holdings," CEPR Discussion Papers 10740, C.E.P.R. Discussion Papers.
    19. Krahnen, Jan Pieter & Rocholl, Jörg & Thum, Marcel, 2021. "A primer on green finance: From wishful thinking to marginal impact," SAFE White Paper Series 87, Leibniz Institute for Financial Research SAFE.

  21. Luc Baumstark & Christian Gollier, 2014. "The relevance and the limits of the Arrow-Lind Theorem," Post-Print halshs-00958510, HAL.

    Cited by:

    1. Lars Hultkrantz, 2021. "Discounting in economic evaluation of healthcare interventions: what about the risk term?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(3), pages 357-363, April.
    2. Andrew Coleman, 2019. "Liquidity, the government balance sheet, and the public sector discount rate," Working Papers 19_13, Motu Economic and Public Policy Research.
    3. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    4. Claxton, Karl & Asaria, Miqdad & Chansa, Collins & Jamison, Julian & Lomas, James & Ochalek, Jessica & Paulden, Mike, 2019. "Accounting for Timing when Assessing Health-Related Policies," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 10(S1), pages 73-105, April.
    5. Cherbonnier, Frédéric & Gollier, Christian, 2018. "Risk-adjusted social discount rates," TSE Working Papers 18-972, Toulouse School of Economics (TSE), revised Dec 2020.
    6. Christian Gollier, 2021. "The Welfare Cost of Ignoring the Beta," Working Papers 2021.03, Fondazione Eni Enrico Mattei.

  22. Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.

    Cited by:

    1. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    2. Szekeres, Szabolcs, 2020. "Correcting the Error in Gamma Discounting," MPRA Paper 102232, University Library of Munich, Germany, revised 27 Jul 2020.
    3. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    4. Antony Millner & Geoffrey Heal, 2015. "Collective intertemporal choice: time consistency vs. time invariance," GRI Working Papers 220, Grantham Research Institute on Climate Change and the Environment.
    5. Rintaro Yamaguchi, 2019. "Intergenerational Discounting with Intragenerational Inequality in Consumption and the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 957-972, August.
    6. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    7. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    8. Kathrin Goldmann, 2017. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Working Papers 22, Institute of Transport Economics, University of Muenster.
    9. Rob Aalbers & Marjon Ruijter & Kees Oosterlee, 2014. "The social discount rate under a stochastic A2 scenario," CPB Discussion Paper 296, CPB Netherlands Bureau for Economic Policy Analysis.
    10. Millner, Antony & Heal, Geoffrey, 2018. "Discounting by committee," Journal of Public Economics, Elsevier, vol. 167(C), pages 91-104.
    11. Szekeres, Szabolcs, 2020. "The real solution of the Weitzman-Gollier Puzzle," MPRA Paper 102344, University Library of Munich, Germany.
    12. Millner, Antony & Healey, Andrew, 2018. "Discounting by committee," LSE Research Online Documents on Economics 90246, London School of Economics and Political Science, LSE Library.

  23. Bec, Frédérique & Gollier, Christian, 2014. "Cyclicality and term structure of Value-at-Risk within a threshold autoregression setup," TSE Working Papers 14-523, Toulouse School of Economics (TSE).

    Cited by:

    1. Frédérique Bec & Annabelle de Gaye, 2019. "Le modèle autorégressif autorégressif à seuil avec effet rebond : Une application aux rendements boursiers français et américains ," Working Papers hal-02014663, HAL.

  24. Gollier, Christian & Hammitt, James K. & Treich, Nicolas, 2013. "Risk and Choice: A Research Saga," TSE Working Papers 13-444, Toulouse School of Economics (TSE).

    Cited by:

    1. Takehito Masuda & Eungik Lee, 2019. "Higher order risk attitudes and prevention under different timings of loss," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 197-215, March.
    2. Sarah Bensalem & Nicolás Hernández Santibáñez & Nabil Kazi-Tani, 2019. "Prevention efforts, insurance demand and price incentives under coherent risk measures," Working Papers hal-01983433, HAL.
    3. Colasante, Annarita & Riccetti, Luca, 2020. "Risk aversion, prudence and temperance: It is a matter of gap between moments," Journal of Behavioral and Experimental Finance, Elsevier, vol. 25(C).
    4. Soetevent, Adriaan & Zhou, L., 2014. "Loss modification incentives for insurers under expected utility and loss aversion," Research Report 14022-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    5. Sarah Bensalem & Nicolás Hernández-Santibáñez & Nabil Kazi-Tani, 2023. "A continuous-time model of self-protection," Finance and Stochastics, Springer, vol. 27(2), pages 503-537, April.
    6. Roulleau-Pasdeloup, Jordan, 2020. "A Puncher’s chance: Expected gain and risk taking in a market for superstars," Labour Economics, Elsevier, vol. 66(C).
    7. Bensalem, Sarah & Santibáñez, Nicolás Hernández & Kazi-Tani, Nabil, 2020. "Prevention efforts, insurance demand and price incentives under coherent risk measures," Insurance: Mathematics and Economics, Elsevier, vol. 93(C), pages 369-386.
    8. Simon Ashby & Trevor Buck & Stephanie Nöth-Zahn & Thomas Peisl, 2018. "Emerging IT Risks: Insights from German Banking," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(2), pages 180-207, April.
    9. Freudenreich, Hanna & Musshoff, Oliver, 2022. "Experience of losses and aversion to uncertainty - experimental evidence from farmers in Mexico," Ecological Economics, Elsevier, vol. 195(C).
    10. J. Francois Outreville, 2014. "Risk Aversion, Risk Behavior, and Demand for Insurance: A Survey," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 37(2), pages 158-186.
    11. Sarah Bensalem & Nicolás Hernández Santibáñez & Nabil Kazi-Tani, 2022. "A Continuous-Time Model of Self-Protection," Working Papers hal-02974961, HAL.
    12. Brandtner, Mario, 2018. "Expected Shortfall, spectral risk measures, and the aggravating effect of background risk, or: risk vulnerability and the problem of subadditivity," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 138-149.
    13. Colasante, Annarita & Riccetti, Luca, 2021. "Financial and non-financial risk attitudes: What does it matter?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).

  25. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.

    Cited by:

    1. Monge, Juan J. & Daigneault, Adam J. & Dowling, Leslie J. & Harrison, Duncan R. & Awatere, Shaun & Ausseil, Anne-Gaelle, 2018. "Implications of future climatic uncertainty on payments for forest ecosystem services: The case of the East Coast of New Zealand," Ecosystem Services, Elsevier, vol. 33(PB), pages 199-212.
    2. Matteo Richiardi & J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perellò, 2017. "Discounting the distant future: What do historical bond prices imply about the long term discount rate?," LABORatorio R. Revelli Working Papers Series 156, LABORatorio R. Revelli, Centre for Employment Studies.
    3. Tom Huppertz & Bo P. Weidema & Simon Standaert & Bernard De Caevel & Elisabeth van Overbeke, 2019. "The Social Cost of Sub-Soil Resource Use," Resources, MDPI, vol. 8(1), pages 1-17, January.
    4. Wainger, L. & Loomis, J. & Johnston, R. & Hansen, L. & Carlisle, D. & Lawrence, D. & Gollehon, N. & Duriancik, L. & Schwartz, G. & Ribaudo, M. & Gala, C., 2017. "Ecosystem Service Benefits Generated by Improved Water Quality from Conservation Practices," C-FARE Reports 260679, Council on Food, Agricultural, and Resource Economics (C-FARE).
    5. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    6. Liu, Jing-Yu & Fujimori, Shinichiro & Masui, Toshihiko, 2016. "Temporal and spatial distribution of global mitigation costs: INDCs and generation equity," Conference papers 332680, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Renaud Coulomb & Fanny Henriet & Léo Reitzmann, 2021. "'Bad' Oil, 'Worse' Oil and Carbon Misallocation," PSE Working Papers halshs-03244647, HAL.
    8. Jan Kersting & Vicki Duscha & Matthias Weitzel, 2017. "Cooperation on Climate Change under Economic Linkages: How the Inclusion of Macroeconomic Effects Affects Stability of a Global Climate Coalition," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    9. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    10. Barrage, Lint, 2018. "Be careful what you calibrate for: Social discounting in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 33-49.
    11. Hector, Svenja, 2015. "Extending the Ramsey Equation further: Discounting under Mutually Utility Independent and Recursive Preferences," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113061, Verein für Socialpolitik / German Economic Association.
    12. Brock, W. A. & Xepapadeas, A., 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," Climate Change and Sustainable Development 206837, Fondazione Eni Enrico Mattei (FEEM).
    13. Broughel, James, 2017. "The Social Discount Rate: A Baseline Approach," Working Papers 06956, George Mason University, Mercatus Center.
    14. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    15. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    16. Drupp, Moritz A. & Freeman, Mark C. & Groom, Ben & Nesje, Frikk, 2015. "Discounting Disentangled," Memorandum 20/2015, Oslo University, Department of Economics.
    17. Tas Thamo & David J. Pannell & Marit E. Kragt & Michael J. Robertson & Maksym Polyakov, 2017. "Dynamics and the economics of carbon sequestration: common oversights and their implications," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(7), pages 1095-1111, October.
    18. Daniel A. Farber, 2015. "Gambling over Growth: Economic Uncertainty, Discounting, and Regulatory Policy," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 509-528.
    19. Márta Somogyvári, 2018. "Ethical Aspects of Intertemporal Discounting and the Social Discount Rate," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(3), pages 109-132.
    20. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    21. Eli P. Fenichel & Matthew J. Kotchen & Ethan T. Addicott, 2017. "Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates," NBER Working Papers 23591, National Bureau of Economic Research, Inc.
    22. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.
    23. Cees Withagen, 2019. "The Social Cost of Carbon and the Ramsey Rule," Working Papers 2019.16, FAERE - French Association of Environmental and Resource Economists.
    24. Freeman, Mark C. & Groom, Ben, 2015. "Positively gamma discounting: combining the opinions of experts on the social discount rate," LSE Research Online Documents on Economics 57158, London School of Economics and Political Science, LSE Library.
    25. Bluffstone, R. & Coulston, J. & Haight, R.G. & Kline, J. & Polasky, S. & Wear, D.N. & Zook, K., 2017. "Estimated Values of Carbon Sequestration Resulting from Forest Management Scenarios," C-FARE Reports 260680, Council on Food, Agricultural, and Resource Economics (C-FARE).
    26. Mauri Kotamäki, 2013. "The Pension Scheme Need Not Be Pay-As-You-Go: An Overlapping Generations Approach," Finnish Economic Papers, Finnish Economic Association, vol. 26(2), pages 56-71, Autumn.
    27. Maureen L. Cropper & Mark C. Freeman & Ben Groom & William A. Pizer, 2014. "Declining Discount Rates," American Economic Review, American Economic Association, vol. 104(5), pages 538-543, May.
    28. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
    29. Frank L. Bartels & Bianca Cravenna, 2015. "Low Carbon Development: The Challenges of Green Energy Innovation," Globelics Working Paper Series 2015-03, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
    30. Warren, Liz & Seal, Will, 2018. "Using investment appraisal models in strategic negotiation: The cultural political economy of electricity generation," Accounting, Organizations and Society, Elsevier, vol. 70(C), pages 16-32.
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    33. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    34. Moore Mark A. & Vining Aidan R. & Boardman Anthony E., 2013. "The choice of the social discount rate and the opportunity cost of public funds," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(3), pages 401-409, December.
    35. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    36. Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
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    1. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    2. Mardones, Cristian & Cabello, Martin, 2019. "Effectiveness of local air pollution and GHG taxes: The case of Chilean industrial sources," Energy Economics, Elsevier, vol. 83(C), pages 491-500.
    3. Marion Dupoux, 2016. "The land use change time-accounting failure," Policy Papers 2016.07, FAERE - French Association of Environmental and Resource Economists.
    4. Annemiek K. Admiraal & Andries F. Hof & Michel G. J. Elzen & Detlef P. Vuuren, 2016. "Costs and benefits of differences in the timing of greenhouse gas emission reductions," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 21(8), pages 1165-1179, December.
    5. Simon Dietz & Rick van der Ploeg & Armon Rezai & Frank Venmans, 2020. "Are Economists Getting Climate Dynamics Right and Does It Matter?," CESifo Working Paper Series 8122, CESifo.
    6. Samuel Jovan Okullo, 2020. "Determining the Social Cost of Carbon: Under Damage and Climate Sensitivity Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 79-103, January.
    7. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    8. Philippe Bracke & Ted Pinchbeck & James Wyatt, 2014. "The Time Value of Housing: Historical Evidence from London Residential Leases," SERC Discussion Papers 0168, Centre for Economic Performance, LSE.
    9. Jones, Kelly W. & Gannon, Benjamin & Timberlake, Thomas & Chamberlain, James L. & Wolk, Brett, 2022. "Societal benefits from wildfire mitigation activities through payments for watershed services: Insights from Colorado," Forest Policy and Economics, Elsevier, vol. 135(C).
    10. Matteo Richiardi & J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perellò, 2017. "Discounting the distant future: What do historical bond prices imply about the long term discount rate?," LABORatorio R. Revelli Working Papers Series 156, LABORatorio R. Revelli, Centre for Employment Studies.
    11. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    12. Tom Huppertz & Bo P. Weidema & Simon Standaert & Bernard De Caevel & Elisabeth van Overbeke, 2019. "The Social Cost of Sub-Soil Resource Use," Resources, MDPI, vol. 8(1), pages 1-17, January.
    13. Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
    14. Richard S.J. Tol, 2018. "The impact of climate change and the social cost of carbon," Working Paper Series 1318, Department of Economics, University of Sussex Business School.
    15. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    16. Moritz A. Drupp & Martin C. Hänsel, 2020. "Relative Prices and Climate Policy: How the Scarcity of Non-Market Goods Drives Policy Evaluation," CESifo Working Paper Series 8052, CESifo.
    17. Weyant John, 2014. "Integrated assessment of climate change: state of the literature," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 377-409, December.
    18. Barbose, Galen & Wiser, Ryan & Heeter, Jenny & Mai, Trieu & Bird, Lori & Bolinger, Mark & Carpenter, Alberta & Heath, Garvin & Keyser, David & Macknick, Jordan & Mills, Andrew & Millstein, Dev, 2016. "A retrospective analysis of benefits and impacts of U.S. renewable portfolio standards," Energy Policy, Elsevier, vol. 96(C), pages 645-660.
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    21. Moritz A. Drupp & Frikk Nesje & Robert C. Schmidt & Robert Christian Schmidt, 2022. "Pricing Carbon," CESifo Working Paper Series 9608, CESifo.
    22. Angela C.M. de Oliveira & Sarah Jacobson, 2020. "(Im)patience by Proxy: Making Intertemporal Decisions for Others," Department of Economics Working Papers 2020-02, Department of Economics, Williams College.
    23. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    24. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    25. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.
    26. Hurford, A.P. & Harou, J.J. & Bonzanigo, L. & Ray, P.A. & Karki, P. & Bharati, L. & Chinnasamy, P., 2020. "Efficient and robust hydropower system design under uncertainty - A demonstration in Nepal," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    27. Wolfgang Buchholz, 2014. "Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle," CESifo Working Paper Series 4967, CESifo.
    28. Dale Whittington & Richard T. Carson & Thomas Sterner, 2023. "Policy Note: Benefit Cost Analysis of Water Investments in the Anthropocene," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-23, July.
    29. David Rodziewicz & Christopher J. Amante & Jacob Dice & Eugene Wahl, 2022. "Housing market impairment from future sea-level rise inundation," Environment Systems and Decisions, Springer, vol. 42(4), pages 637-656, December.
    30. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    31. Maya Eden, 2023. "The Cross‐Sectional Implications of the Social Discount Rate," Econometrica, Econometric Society, vol. 91(6), pages 2065-2088, November.
    32. Christensen, Peter & Gillingham, Kenneth & Nordhaus, William, 2016. "Uncertainty in Forecasts of Long-Run Productivity Growth," Conference papers 332787, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    33. Hallberg-Sramek, Isabella & Nordström, Eva-Maria & Priebe, Janina & Reimerson, Elsa & Mårald, Erland & Nordin, Annika, 2023. "Combining scientific and local knowledge improves evaluating future scenarios of forest ecosystem services," Ecosystem Services, Elsevier, vol. 60(C).
    34. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    35. Nicholas Stern, 2013. "Ethics, equity and the economics of climate change. Paper 2: Economics and Politics," GRI Working Papers 84b, Grantham Research Institute on Climate Change and the Environment.
    36. Ran Sun & Mariella Mendoza Marmanilo & Suren Kulshreshtha, 2023. "Co-benefits of climate change mitigation from innovative agricultural water management: a case study of corn agroecosystem in eastern Canada," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 28(8), pages 1-20, December.
    37. Ando, Amy W. & Shah, Payal, 2016. "The Economics of Conservation and Finance: A Review of the Literature," International Review of Environmental and Resource Economics, now publishers, vol. 8(3-4), pages 321-357, June.
    38. John Weyant, 2017. "Some Contributions of Integrated Assessment Models of Global Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 115-137.
    39. Antony Millner & Geoffrey Heal, 2015. "Collective intertemporal choice: time consistency vs. time invariance," GRI Working Papers 220, Grantham Research Institute on Climate Change and the Environment.
    40. Christian Azar & Jorge García Martín & Daniel JA. Johansson & Thomas Sterner, 2023. "The social cost of methane," Climatic Change, Springer, vol. 176(6), pages 1-22, June.
    41. Ray, Manojit & Chakraborty, Basab, 2021. "Impact of demand response on escalating energy access with affordable solar photovoltaic generation in the Global South," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    42. Son, In Woo & Jeong, Yongju & Son, Seongmin & Park, Jung Hwan & Lee, Jeong Ik, 2022. "Techno-economic evaluation of solar-nuclear hybrid system for isolated grid," Applied Energy, Elsevier, vol. 306(PA).
    43. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    44. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    45. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    46. Tas Thamo & David J. Pannell & Marit E. Kragt & Michael J. Robertson & Maksym Polyakov, 2017. "Dynamics and the economics of carbon sequestration: common oversights and their implications," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(7), pages 1095-1111, October.
    47. Claxton, Karl & Asaria, Miqdad & Chansa, Collins & Jamison, Julian & Lomas, James & Ochalek, Jessica & Paulden, Mike, 2019. "Accounting for Timing when Assessing Health-Related Policies," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 10(S1), pages 73-105, April.
    48. Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
    49. Auke Hoekstra & Maarten Steinbuch & Geert Verbong, 2017. "Creating Agent-Based Energy Transition Management Models That Can Uncover Profitable Pathways to Climate Change Mitigation," Complexity, Hindawi, vol. 2017, pages 1-23, December.
    50. West, Grant H. & Snell, Heather & Kovacs, Kent & Nayga, Rodolfo M., 2020. "Estimation of the preferences for the intertemporal services from groundwater," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304220, Agricultural and Applied Economics Association.
    51. Wiser, Ryan & Bolinger, Mark & Heath, Garvin & Keyser, David & Lantz, Eric & Macknick, Jordan & Mai, Trieu & Millstein, Dev, 2016. "Long-term implications of sustained wind power growth in the United States: Potential benefits and secondary impacts," Applied Energy, Elsevier, vol. 179(C), pages 146-158.
    52. Nian, Victor & Mignacca, Benito & Locatelli, Giorgio, 2022. "Policies toward net-zero: Benchmarking the economic competitiveness of nuclear against wind and solar energy," Applied Energy, Elsevier, vol. 320(C).
    53. Howard, Peter H. & Derek, Sylvan, 2016. "The Wisdom of the Economic Crowd: Calibrating Integrated Assessment Models Using Consensus," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235639, Agricultural and Applied Economics Association.
    54. Nesje, Frikk, 2020. "Cross-dynastic Intergenerational Altruism," Working Papers 0678, University of Heidelberg, Department of Economics.
    55. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    56. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
    57. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    58. Stephen J. DeCanio & Charles F. Manski & Alan H. Sanstad, 2022. "Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting," NBER Working Papers 29716, National Bureau of Economic Research, Inc.
    59. Freeman, Mark C. & Groom, Ben, 2015. "Positively gamma discounting: combining the opinions of experts on the social discount rate," LSE Research Online Documents on Economics 57158, London School of Economics and Political Science, LSE Library.
    60. Roger Cooke & Alexander Golub & Bruce A. Wielicki & David F. Young & Martin G. Mlynczak & Rosemary R. Baize, 2017. "Using the social cost of carbon to value earth observing systems," Climate Policy, Taylor & Francis Journals, vol. 17(3), pages 330-345, April.
    61. Marion Dupoux, 2016. "The land use change time-accounting failure," Working Papers hal-02489625, HAL.
    62. J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perello, 2014. "Discounting the Distant Future," Cowles Foundation Discussion Papers 1951, Cowles Foundation for Research in Economics, Yale University.
    63. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    64. Cuppari, Rosa I. & Higgins, Chad W. & Characklis, Gregory W., 2021. "Agrivoltaics and weather risk: A diversification strategy for landowners," Applied Energy, Elsevier, vol. 291(C).
    65. Christopher J. Amante & Jacob Dice & David Rodziewicz & Eugene Wahl, 2020. "Housing Market Value Impairment from Future Sea-level Rise Inundation," Research Working Paper RWP 20-05, Federal Reserve Bank of Kansas City.
    66. Serban Raicu & Mihaela Popa & Dorinela Costescu, 2022. "Uncertainties Influencing Transportation System Performances," Sustainability, MDPI, vol. 14(13), pages 1-15, June.
    67. García, Jorge H. & Torvanger, Asbjørn, 2019. "Carbon leakage from geological storage sites: Implications for carbon trading," Energy Policy, Elsevier, vol. 127(C), pages 320-329.
    68. Wang, Xiaoxi & Biewald, Anne & Dietrich, Jan Philipp & Schmitz, Christoph & Lotze-Campen, Hermann & Humpenöder, Florian & Bodirsky, Benjamin Leon & Popp, Alexander, 2016. "Taking account of governance: Implications for land-use dynamics, food prices, and trade patterns," Ecological Economics, Elsevier, vol. 122(C), pages 12-24.
    69. Yang, Xi & Teng, Fei & Xi, Xiaoqian & Khayrullin, Egor & Zhang, Qi, 2018. "Cost–benefit analysis of China’s Intended Nationally Determined Contributions based on carbon marginal cost curves," Applied Energy, Elsevier, vol. 227(C), pages 415-425.
    70. Koundouri, Phoebe & Roseta-Palma, Catarina & Englezos, Nikolaos, 2017. "Out of Sight, Not Out of Mind: Developments in Economic Models of Groundwater Management," International Review of Environmental and Resource Economics, now publishers, vol. 11(1), pages 55-96, October.
    71. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    72. Jaume Masoliver & Miquel Montero & Josep Perelló, 2021. "Jump-Diffusion Models for Valuing the Future: Discounting under Extreme Situations," Mathematics, MDPI, vol. 9(14), pages 1-26, July.
    73. Radoslaw (Radek) Stefanski & Alex Trew, 2020. "Patience Breeds Interest: The Rise of Societal Patience and the Fall of the Risk-free Interest Rate," Working Papers 2020-03, Business School - Economics, University of Glasgow.
    74. Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
    75. Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
    76. Christian Gollier, 2021. "The Welfare Cost of Ignoring the Beta," Working Papers 2021.03, Fondazione Eni Enrico Mattei.
    77. Maryam Al-Jabir & Rima J. Isaifan, 2024. "Long-Term Projection of Transport-Related Social Cost of Greenhouse Gas Emissions in Qatar," Sustainability, MDPI, vol. 16(2), pages 1-16, January.
    78. Penyalver, Domingo & Turró, Mateu & Zavala-Rojas, Diana, 2018. "Intergenerational perception of the utility of major transport projects," Research in Transportation Economics, Elsevier, vol. 70(C), pages 97-111.
    79. Groom, Ben & Maddison, David, 2018. "New estimates of the elasticity of marginal utility for the UK," LSE Research Online Documents on Economics 87526, London School of Economics and Political Science, LSE Library.
    80. Alexey Komzolov & Tatiana Kirichenko & Olga Kirichenko & Yulia Nazarova & Natalya Shcherbakova, 2021. "The Problem of Determining Discount Rate for Integrated Investment Projects in the Oil and Gas Industry," Mathematics, MDPI, vol. 9(24), pages 1-13, December.
    81. Stern, Nicholas, 2014. "Ethics, equity and the economics of climate change paper 2: economics and politics," LSE Research Online Documents on Economics 62704, London School of Economics and Political Science, LSE Library.
    82. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
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    86. Epanchin-Niell, Rebecca S. & Liebhold, Andrew M., 2015. "Benefits of invasion prevention: Effect of time lags, spread rates, and damage persistence," Ecological Economics, Elsevier, vol. 116(C), pages 146-153.
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    Cited by:

    1. Philippe Bertrand & Vincent Lapointe, 2015. "How performance of risk-based strategies is modified by socially responsible investment universe?," Post-Print hal-01833066, HAL.
    2. Kleimeier, S. & Viehs, P.M., 2016. "Carbon disclosure, emission levels, and the cost of debt," Research Memorandum 003, Maastricht University, Graduate School of Business and Economics (GSBE).
    3. Borgers, A.C.T., 2014. "Responsible investing : New insights into performance and tastes," Other publications TiSEM 587e777f-c242-4a44-968e-7, Tilburg University, School of Economics and Management.
    4. Elettra Agliardi & Rossella Agliardi, 2021. "Corporate Green Bonds: Understanding the Greenium in a Two-Factor Structural Model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(2), pages 257-278, October.
    5. Patricia Crifo & Vanina D. Forget, 2014. "Pourquoi s’engager volontairement dans la transition énergétique ? Enseignements de la littérature sur la responsabilité sociale et environnementale des entreprises," Revue d'économie industrielle, De Boeck Université, vol. 0(4), pages 349-381.
    6. Koskinen, Yrjö & Albuquerque, Rui & Zhang, Chendi, 2013. "Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence," CEPR Discussion Papers 9533, C.E.P.R. Discussion Papers.
    7. Tae Jun Bae & James O. Fiet, 2023. "Intra-Stakeholder Heterogeneity Perspective on the Hybridity of Competing Institutional Logics for Social Enterprises," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    8. Patricia Crifo & Vanina D. Forget, 2015. "The Economics Of Corporate Social Responsibility: A Firm-Level Perspective Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(1), pages 112-130, February.
    9. Henry L. Friedman & Mirko S. Heinle, 2016. "Taste, information, and asset prices: implications for the valuation of CSR," Review of Accounting Studies, Springer, vol. 21(3), pages 740-767, September.

  28. Christian Gollier, 2012. "Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes," CESifo Working Paper Series 4052, CESifo.

    Cited by:

    1. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    2. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    3. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Carbon Policies and Climate Financial Regulation," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    4. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    5. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    6. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    7. Corneo, Giacomo, 2015. "Volkswirtschaftliche Bewertung öffentlicher Investitionen," Discussion Papers 2015/12, Free University Berlin, School of Business & Economics.
    8. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    9. Claxton, Karl & Asaria, Miqdad & Chansa, Collins & Jamison, Julian & Lomas, James & Ochalek, Jessica & Paulden, Mike, 2019. "Accounting for Timing when Assessing Health-Related Policies," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 10(S1), pages 73-105, April.
    10. Giglio, Stefano & Ströbel, Johannes & Maggiori, Matteo, 2014. "No-Bubble Condition: Model-Free Tests in Housing Markets," CEPR Discussion Papers 9978, C.E.P.R. Discussion Papers.
    11. Stefano Giglio & Matteo Maggiori & Johannes Stroebel, 2014. "Very long-run discount rates," Globalization Institute Working Papers 182, Federal Reserve Bank of Dallas.
    12. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Risques climatiques et règlementation financière prudentielle," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    13. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    14. Rob Aalbers, 2013. "Optimal Discount Rates for Investments in Mitigation and Adaptation," CPB Discussion Paper 257, CPB Netherlands Bureau for Economic Policy Analysis.
    15. Monika Foltyn-Zarychta, 2021. "Future-Generation Perception: Equal or Not Equal? Long-Term Individual Discount Rates for Poland," Energies, MDPI, vol. 14(24), pages 1-19, December.

  29. Gollier, Christian, 2012. "Evaluation of long-dated assets : The role of parameter uncertainty," TSE Working Papers 12-361, Toulouse School of Economics (TSE), revised Sep 2015.

    Cited by:

    1. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    2. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    3. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    4. William J. Luther, 2021. "Two paths forward for Austrian macroeconomics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 289-297, June.
    5. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Carbon Policies and Climate Financial Regulation," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    6. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    7. Christian Gollier, 2019. "A Personal Biography of Marty Weitzman," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 943-947, November.
    8. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    9. Gourieroux, Christian & Jasiak, Joann, 2010. "Inference for Noisy Long Run Component Process," MPRA Paper 98987, University Library of Munich, Germany.
    10. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    11. Barrage, Lint, 2018. "Be careful what you calibrate for: Social discounting in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 33-49.
    12. Barahona, Ricardo & Driessen, Joost & Frehen, Rik, 2021. "Can unpredictable risk exposure be priced?," Journal of Financial Economics, Elsevier, vol. 139(2), pages 522-544.
    13. Corneo, Giacomo, 2015. "Volkswirtschaftliche Bewertung öffentlicher Investitionen," Discussion Papers 2015/12, Free University Berlin, School of Business & Economics.
    14. Gertsman, Gleb & Frehen, Rik & Werker, Bas J.M., 2019. "Would Ambiguity Averse Investors Hedge Risk in Equity Markets?," Other publications TiSEM bd3eb3e5-517e-40d4-aab9-e, Tilburg University, School of Economics and Management.
    15. Giglio, Stefano & Ströbel, Johannes & Maggiori, Matteo, 2014. "No-Bubble Condition: Model-Free Tests in Housing Markets," CEPR Discussion Papers 9978, C.E.P.R. Discussion Papers.
    16. Stefano Giglio & Matteo Maggiori & Johannes Stroebel, 2014. "Very long-run discount rates," Globalization Institute Working Papers 182, Federal Reserve Bank of Dallas.
    17. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Risques climatiques et règlementation financière prudentielle," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    18. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    19. Kathrin Goldmann, 2017. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Working Papers 22, Institute of Transport Economics, University of Muenster.
    20. Wang, Brian Yutao & Li, Shuo & Liu, Guangqiang & Yang, Zhiqing, 2021. "Running out of energy: The Price effect of energy deficiency," Energy Economics, Elsevier, vol. 100(C).
    21. Richard Kihlstrom & Christian Gollier, 2016. "Early resolution of uncertainty and asset prices," 2016 Meeting Papers 475, Society for Economic Dynamics.
    22. Rob Aalbers, 2013. "Optimal Discount Rates for Investments in Mitigation and Adaptation," CPB Discussion Paper 257, CPB Netherlands Bureau for Economic Policy Analysis.

  30. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.

    Cited by:

    1. Matteo Richiardi & J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perellò, 2017. "Discounting the distant future: What do historical bond prices imply about the long term discount rate?," LABORatorio R. Revelli Working Papers Series 156, LABORatorio R. Revelli, Centre for Employment Studies.
    2. Tom Huppertz & Bo P. Weidema & Simon Standaert & Bernard De Caevel & Elisabeth van Overbeke, 2019. "The Social Cost of Sub-Soil Resource Use," Resources, MDPI, vol. 8(1), pages 1-17, January.
    3. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    4. Jan Kersting & Vicki Duscha & Matthias Weitzel, 2017. "Cooperation on Climate Change under Economic Linkages: How the Inclusion of Macroeconomic Effects Affects Stability of a Global Climate Coalition," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    5. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    6. Barrage, Lint, 2018. "Be careful what you calibrate for: Social discounting in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 33-49.
    7. Brock, W. A. & Xepapadeas, A., 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," Climate Change and Sustainable Development 206837, Fondazione Eni Enrico Mattei (FEEM).
    8. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    9. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    10. Drupp, Moritz A. & Freeman, Mark C. & Groom, Ben & Nesje, Frikk, 2015. "Discounting Disentangled," Memorandum 20/2015, Oslo University, Department of Economics.
    11. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    12. Eli P. Fenichel & Matthew J. Kotchen & Ethan T. Addicott, 2017. "Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates," NBER Working Papers 23591, National Bureau of Economic Research, Inc.
    13. Cees Withagen, 2019. "The Social Cost of Carbon and the Ramsey Rule," Working Papers 2019.16, FAERE - French Association of Environmental and Resource Economists.
    14. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
    15. Warren, Liz & Seal, Will, 2018. "Using investment appraisal models in strategic negotiation: The cultural political economy of electricity generation," Accounting, Organizations and Society, Elsevier, vol. 70(C), pages 16-32.
    16. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.
    17. Rautiainen, Aapo & Lintunen, Jussi, 2017. "Social Cost of Forcing: A Basis for Pricing All Forcing Agents," Ecological Economics, Elsevier, vol. 133(C), pages 42-51.
    18. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    19. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    20. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," PSE-Ecole d'économie de Paris (Postprint) hal-01666574, HAL.
    21. Lugovoy, O. & Polbin, A., 2016. "On Intergenerational Distribution of the Burden of Greenhouse Gas Emissions," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 12-39.

  31. Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," TSE Working Papers 12-303, Toulouse School of Economics (TSE), revised Jan 2013.

    Cited by:

    1. Louis Eeckhoudt & Liqun Liu & Jack Meyer, 2017. "Restricted increases in risk aversion and their application," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 161-181, June.
    2. Luciano I. Castro & Zhiwei Liu & Nicholas C. Yannelis, 2017. "Ambiguous implementation: the partition model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(1), pages 233-261, January.
    3. Biener, Christian & Landmann, Andreas & Santana, Maria Isabel, 2017. "Contract Nonperformance Risk and Uncertainty in Insurance Markets," Working Papers on Finance 1701, University of St. Gallen, School of Finance, revised Apr 2019.
    4. Richard J. Arend, 2020. "Strategic decision-making under ambiguity: a new problem space and a proposed optimization approach," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1231-1251, November.
    5. Camille Cornand & Maria Alejandra Erazo Diaz & Béatrice Rey & Adam Zylbersztejn, 2023. "On the robustness of higher order attitudes to ambiguity framing," Working Papers hal-04316734, HAL.
    6. Simon Dietz & Falk Niehörster, 2021. "Pricing ambiguity in catastrophe risk insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 112-132, September.
    7. Hippolyte d'Albis & Giuseppe Attanasi & Emmanuel Thibault, 2019. "An Experimental Test of the Under-Annuitization Puzzle with Smooth Ambiguity and Charitable Giving," Working Papers halshs-02132858, HAL.
    8. Richard J. Arend, 2022. "The Costs of Ambiguity in Strategic Contexts," Administrative Sciences, MDPI, vol. 12(3), pages 1-19, August.
    9. Corina Birghila & Tim J. Boonen & Mario Ghossoub, 2023. "Optimal insurance under maxmin expected utility," Finance and Stochastics, Springer, vol. 27(2), pages 467-501, April.
    10. Massimiliano Amarante & Mario Ghossoub, 2016. "Optimal Insurance for a Minimal Expected Retention: The Case of an Ambiguity-Seeking Insurer," Risks, MDPI, vol. 4(1), pages 1-27, March.
    11. Christophe Courbage & Béatrice Rey, 2015. "On ambiguity apportionment," Working Papers 1527, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    12. Richard J. Arend, 2022. "Strategy under Ambiguity, and a New Type of Decision Dilemma," Administrative Sciences, MDPI, vol. 12(2), pages 1-17, March.
    13. Birghila, Corina & Pflug, Georg Ch., 2019. "Optimal XL-insurance under Wasserstein-type ambiguity," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 30-43.
    14. Huang, Rachel J. & Huang, Yi-Chieh & Tzeng, Larry Y., 2013. "Insurance bargaining under ambiguity," Insurance: Mathematics and Economics, Elsevier, vol. 53(3), pages 812-820.
    15. Corina Birghila & Tim J. Boonen & Mario Ghossoub, 2020. "Optimal Insurance under Maxmin Expected Utility," Papers 2010.07383, arXiv.org.
    16. Hu, Duni & Chen, Shou & Wang, Hailong, 2018. "Robust reinsurance contracts with uncertainty about jump risk," European Journal of Operational Research, Elsevier, vol. 266(3), pages 1175-1188.
    17. Yaoyao Wu & Jinqiang Yang & Zhentao Zou, 2018. "Ambiguity sharing and the lack of relative performance evaluation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(1), pages 141-157, July.
    18. Jiang, Wenjun & Ren, Jiandong & Yang, Chen & Hong, Hanping, 2019. "On optimal reinsurance treaties in cooperative game under heterogeneous beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 85(C), pages 173-184.
    19. Peter, Richard & Ying, Jie, 2020. "Do you trust your insurer? Ambiguity about contract nonperformance and optimal insurance demand," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 938-954.
    20. Mario Ghossoub, 2016. "Optimal Insurance with Heterogeneous Beliefs and Disagreement about Zero-Probability Events," Risks, MDPI, vol. 4(3), pages 1-28, August.
    21. Lu, Zhiyi & Meng, Shengwang & Liu, Leping & Han, Ziqi, 2018. "Optimal insurance design under background risk with dependence," Insurance: Mathematics and Economics, Elsevier, vol. 80(C), pages 15-28.
    22. Kit Pong Wong, 2015. "A Smooth Ambiguity Model Of The Competitive Firm," Bulletin of Economic Research, Wiley Blackwell, vol. 67(S1), pages 97-110, December.
    23. Ghossoub, Mario, 2019. "Optimal insurance under rank-dependent expected utility," Insurance: Mathematics and Economics, Elsevier, vol. 87(C), pages 51-66.
    24. Richard J. Arend, 2022. "Strategic decision-making under ambiguity: insights from exploring a simple linked two-game model," Operational Research, Springer, vol. 22(5), pages 5845-5861, November.
    25. Zheng, Jiakun, 2020. "Optimal insurance design under narrow framing," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 596-607.
    26. Dietz, Simon & Walker, Oliver, 2017. "Ambiguity and insurance: capital requirements andpremiums," LSE Research Online Documents on Economics 68469, London School of Economics and Political Science, LSE Library.
    27. Jianli Wang & Yingrong Su & Jingyuan Li & Ho Yin Yick, 2022. "Demand for insurance with nonadditive probabilistic beliefs," Bulletin of Economic Research, Wiley Blackwell, vol. 74(3), pages 854-862, July.
    28. Mingli Zheng & Chong Wang & Chaozheng Li, 2016. "Insurance Contracts with Adverse Selection When the Insurer Has Ambiguity about the Composition of the Consumers," Annals of Economics and Finance, Society for AEF, vol. 17(1), pages 179-206, May.
    29. Marie-Charlotte Guetlein, 2016. "Comparative Risk Aversion in the Presence of Ambiguity," American Economic Journal: Microeconomics, American Economic Association, vol. 8(3), pages 51-63, August.

  32. Gollier, Christian, 2012. "Asset pricing with uncertain betas: A long-term perspective," TSE Working Papers 12-354, Toulouse School of Economics (TSE).

    Cited by:

    1. Barahona, Ricardo & Driessen, Joost & Frehen, Rik, 2021. "Can unpredictable risk exposure be priced?," Journal of Financial Economics, Elsevier, vol. 139(2), pages 522-544.
    2. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.

  33. Jean HINDRIKS & Christian GOLLIER, 2012. "Changer la Finance ! L’investissement socialement responsable en quête de légitimité Finance durable et investissement responsable," Regards économiques 99, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

    Cited by:

    1. Florence Lachet-Touya, 2019. "The Assignment of a CSR Level of Action: Rule vs Discretion," Working Papers hal-02141052, HAL.

  34. Christian Gollier, 2011. "On the Underestimation of the Precautionary Effect in Discounting," CESifo Working Paper Series 3536, CESifo.

    Cited by:

    1. van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
    2. Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
    3. Rick Van der Ploeg & Ton S. Van den Bremer, 2018. "The Risk-Adjusted Carbon Price," OxCarre Working Papers 203, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    4. Echazu Luciana & Nocetti Diego & Smith William T., 2012. "A New Look into the Determinants of the Ecological Discount Rate: Disentangling Social Preferences," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-44, April.
    5. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    6. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    7. Hultkrantz, Lars & A. Krüger, Niclas & Mantalos, Panagiotis, 2014. "Risk-adjusted long-term social rates of discount for transportation infrastructure investment," Research in Transportation Economics, Elsevier, vol. 47(C), pages 70-81.
    8. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.
    9. Kathrin Goldmann, 2017. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Working Papers 22, Institute of Transport Economics, University of Muenster.
    10. David Ceballos Hornero & Samuel Mongrut Montalván, 2021. "The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-24, Octubre -.

  35. Luc Baumstark & Pierre Ferry & Christian Gollier, 2011. "Le calcul du risque dans les investissements publics," Post-Print halshs-00958489, HAL.

    Cited by:

    1. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    2. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    3. Philippe Bance & Angélique Chassy, 2016. "Opportunités et limites de la Méthode d'Évaluation Contingente (MEC) en régime de gouvernance multiniveaux," Post-Print halshs-01965092, HAL.
    4. Denis Fougere & Arthur Heim, 2019. "L'évaluation socioéconomique de l'investissement social: Comment mettre en oeuvre des analyses coûts-bénéfices pour les politiques d'emploi, de santé et d'éducation," Sciences Po publications info:hdl:2441/5lge9h8e809, Sciences Po.
    5. Gollier, Christian, 2016. "Evaluation of long-dated assets: The role of parameter uncertainty," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 66-83.
    6. Salci, Sener & Jenkins, Glenn, 2016. "Incorporating Risk and Uncertainty in Cost-Benefit Analysis," MPRA Paper 74161, University Library of Munich, Germany.
    7. Christian Gollier, 2012. "Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes," CESifo Working Paper Series 4052, CESifo.
    8. Gollier, Christian, 2015. "Taux d'actualisation et rémunération du capital," TSE Working Papers 15-589, Toulouse School of Economics (TSE).
    9. Geneviève Zembri-Mary, 2017. "Planning transport infrastructures in an uncertain context. Analysis and limits to contemporary planning in France," Post-Print hal-02146679, HAL.
    10. Véronique Thireau, 2015. "Politiques de santé et théories économiques," Post-Print hal-01307783, HAL.
    11. Marcel Boyer & Éric Gravel & Sandy Mokbel, 2013. "The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital Current," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 388, September.
    12. Véronique Thireau, 2016. "Politiques de santé et théories économiques," Post-Print hal-01311494, HAL.
    13. Denis Fougère & Arthur Heim, 2019. "L'évaluation socioéconomique de l'investissement social," SciencePo Working papers Main hal-03456048, HAL.
    14. Axel Pierru and Walid Matar, 2014. "The Impact of Oil Price Volatility on Welfare in the Kingdom of Saudi Arabia: Implications for Public Investment Decision-making," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).

  36. Christian Gollier, 2010. "Discounting, Inequalities and Economic Convergence," CESifo Working Paper Series 3262, CESifo.

    Cited by:

    1. Richard S.J. Tol, 2013. "Modified Ramsey Discounting for Climate Change," Working Paper Series 6313, Department of Economics, University of Sussex Business School.
    2. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," Post-Print hal-01300594, HAL.
    3. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    4. Donatella Baiardi & Marco Magnani & Mario Menegatti, 2014. "Precautionary saving under many risks," Journal of Economics, Springer, vol. 113(3), pages 211-228, November.
    5. Michel Denuit & Béatrice Rey, 2014. "Benchmark values for higher order coefficients of relative risk aversion," Theory and Decision, Springer, vol. 76(1), pages 81-94, January.
    6. Hongxia Wang, 2019. "Generalized Multiplicative Risk Apportionment," Risks, MDPI, vol. 7(2), pages 1-9, June.
    7. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01300594, HAL.

  37. Gollier, Christian, 2009. "Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion," IDEI Working Papers 357, Institut d'Économie Industrielle (IDEI), Toulouse, revised 2011.

    Cited by:

    1. Brian Hill & Tomasz Michalski, 2018. "Risk versus ambiguity and international security design," Post-Print hal-01966706, HAL.
    2. Fabio Maccheroni & Massimo Marinacci & Doriana Ruffino, 2010. "Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis," Working Papers 373, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    3. Fabrice Collard & Sujoy Mukerji & Kevin Sheppard & Jean-Marc Tallon, 2018. "Ambiguity and the historical equity premium," Post-Print halshs-01886571, HAL.
    4. Rieger, Marc Oliver & Wang, Mei, 2012. "Can ambiguity aversion solve the equity premium puzzle? Survey evidence from international data," Finance Research Letters, Elsevier, vol. 9(2), pages 63-72.
    5. Hideki Iwaki & Yusuke Osaki, 2014. "The dual theory of the smooth ambiguity model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(2), pages 275-289, June.
    6. Peter, Richard, 2019. "Revisiting precautionary saving under ambiguity," Economics Letters, Elsevier, vol. 174(C), pages 123-127.
    7. Loic Berger & Louis Eeckhoudt, 2021. "Risk, ambiguity, and the value of diversification," Working Papers 2021-iRisk-02, IESEG School of Management.
    8. BERGER, Loïc & BLEICHRODT, Han & EECKHOUDT, Louis, 2013. "Treatment decisions under ambiguity," LIDAM Reprints CORE 2494, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Meglena Jeleva & Jean-Marc Tallon, 2014. "Ambiguïté, comportements et marchés financiers," Post-Print halshs-01109639, HAL.
    10. Carole Bernard & Gero Junike & Thibaut Lux & Steven Vanduffel, 2022. "Cost-efficient Payoffs under Model Ambiguity," Papers 2207.02948, arXiv.org, revised Aug 2023.
    11. Asano, Takao & Osaki, Yusuke, 2021. "Optimal investment under ambiguous technology shocks," European Journal of Operational Research, Elsevier, vol. 293(1), pages 304-311.
    12. Biener, Christian & Landmann, Andreas & Santana, Maria Isabel, 2017. "Contract Nonperformance Risk and Uncertainty in Insurance Markets," Working Papers on Finance 1701, University of St. Gallen, School of Finance, revised Apr 2019.
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  38. Gollier, Christian & Pouget, Sébastien, 2009. "Equilibrium Corporate Behavior and Capital Asset Prices with Socially Responsible Investorsn Asset Prices and Corporate Behavior," IDEI Working Papers 573, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jun 2012.

    Cited by:

    1. Philippe Bertrand & Vincent Lapointe, 2015. "How performance of risk-based strategies is modified by socially responsible investment universe?," Post-Print hal-01833066, HAL.
    2. Kleimeier, S. & Viehs, P.M., 2016. "Carbon disclosure, emission levels, and the cost of debt," Research Memorandum 003, Maastricht University, Graduate School of Business and Economics (GSBE).
    3. Borgers, A.C.T., 2014. "Responsible investing : New insights into performance and tastes," Other publications TiSEM 587e777f-c242-4a44-968e-7, Tilburg University, School of Economics and Management.
    4. Patricia Crifo & Vanina D. Forget, 2014. "Pourquoi s’engager volontairement dans la transition énergétique ? Enseignements de la littérature sur la responsabilité sociale et environnementale des entreprises," Revue d'économie industrielle, De Boeck Université, vol. 0(4), pages 349-381.
    5. Koskinen, Yrjö & Albuquerque, Rui & Zhang, Chendi, 2013. "Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence," CEPR Discussion Papers 9533, C.E.P.R. Discussion Papers.
    6. Tae Jun Bae & James O. Fiet, 2023. "Intra-Stakeholder Heterogeneity Perspective on the Hybridity of Competing Institutional Logics for Social Enterprises," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    7. Patricia Crifo & Vanina D. Forget, 2015. "The Economics Of Corporate Social Responsibility: A Firm-Level Perspective Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(1), pages 112-130, February.
    8. Henry L. Friedman & Mirko S. Heinle, 2016. "Taste, information, and asset prices: implications for the valuation of CSR," Review of Accounting Studies, Springer, vol. 21(3), pages 740-767, September.

  39. Frédérique Bec & Christian Gollier, 2009. "Term Structure and Cyclicity of Value-at-Risk: Consequences for the Solvency Capital Requirement," CESifo Working Paper Series 2596, CESifo.

    Cited by:

    1. Marcel Brautigam & Michel Dacorogna & Marie Kratz, 2019. "Pro-Cyclicality of Traditional Risk Measurements: Quantifying and Highlighting Factors at its Source," Papers 1903.03969, arXiv.org, revised Dec 2019.
    2. Alessandro Leardi, 2022. "Fuelling fire sales? Prudential regulation and crises: evidence from the Italian market," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 46(1), pages 121-144, January.
    3. Marcel, Bräutigam & Michel, Dacorogna & Marie, Kratz, 2018. "Predicting risk with risk measures : an empirical study," ESSEC Working Papers WP1803, ESSEC Research Center, ESSEC Business School.

  40. Gollier, Christian, 2009. "Finance durable et investissement responsable," IDEI Working Papers 586, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Florence Lachet-Touya, 2013. "The Assignment of a CSR Action Choice," Working Papers hal-02944767, HAL.
    2. Florence Lachet-Touya, 2013. "The Assignment of a CSR Action Choice," Working papers of CATT hal-02944767, HAL.

  41. Christian Gollier & Martin L. Weitzman, 2009. "How Should the Distant Future be Discounted when Discount Rates are Uncertain?," CESifo Working Paper Series 2863, CESifo.

    Cited by:

    1. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    2. Newbery, David M. G., 2018. "Policies for decarbonizing a liberalized power sector," Economics Discussion Papers 2018-29, Kiel Institute for the World Economy (IfW Kiel).
    3. Chan, Ying Tung, 2020. "Carbon policies and productivity uncertainty: An intertemporal analysis," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    4. Lee Endress & James Roumasset & Christopher Wada, 2016. "Do Natural Disasters Make Sustainable Growth Impossible?," Working Papers 2016-12, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    5. Traeger, Christian P., 2012. "What's the Rate? Disentangling the Weitzman and the Gollier Effect," CUDARE Working Papers 121932, University of California, Berkeley, Department of Agricultural and Resource Economics.
    6. Gonzalez, Francisco M. & Lazkano, Itziar & Smulders, Sjak A., 2018. "Intergenerational altruism with future bias," Journal of Economic Theory, Elsevier, vol. 178(C), pages 436-454.
    7. Weitzman, Martin L., 2010. "Risk-adjusted gamma discounting," Journal of Environmental Economics and Management, Elsevier, vol. 60(1), pages 1-13, July.
    8. Loïc Berger & Johannes Emmerling, 2020. "Welfare as Equity Equivalents," Post-Print hal-02937705, HAL.
    9. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    10. Bartolini, Stefano & Sarracino, Francesco, 2018. "Do People Care About Future Generations? Derived Preferences from Happiness Data," Ecological Economics, Elsevier, vol. 143(C), pages 253-275.
    11. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    12. Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
    13. Matthew Adler & Nicolas Treich, 2015. "Prioritarianism and Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 279-308, October.
    14. Johannes Stroebel & Jeffrey Wurgler, 2021. "What Do You Think about Climate Finance?," CESifo Working Paper Series 9350, CESifo.
    15. Steve Newbold & Charles Griffiths & Christopher C. Moore & Ann Wolverton & Elizabeth Kopits, 2010. "The "Social Cost of Carbon" Made Simple," NCEE Working Paper Series 201007, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Aug 2010.
    16. J. Bickel & Shubham Agrawal, 2013. "Reexamining the economics of aerosol geoengineering," Climatic Change, Springer, vol. 119(3), pages 993-1006, August.
    17. Olga Špačková & Daniel Straub, 2015. "Cost‐Benefit Analysis for Optimization of Risk Protection Under Budget Constraints," Risk Analysis, John Wiley & Sons, vol. 35(5), pages 941-959, May.
    18. Christian Gollier, 2019. "A Personal Biography of Marty Weitzman," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 943-947, November.
    19. Szekeres, Szabolcs, 2020. "Correcting the Error in Gamma Discounting," MPRA Paper 102232, University Library of Munich, Germany, revised 27 Jul 2020.
    20. Bård Harstad, 2013. "Investment Policy for Time-Inconsistent Discounters," CESifo Working Paper Series 4546, CESifo.
    21. Traeger, Christian P., 2013. "Discounting under uncertainty: Disentangling the Weitzman and the Gollier effect," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 573-582.
    22. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    23. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.
    24. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    25. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    26. Wolfgang Buchholz, 2014. "Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle," CESifo Working Paper Series 4967, CESifo.
    27. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    28. Anchugina, Nina & Ryan, Matthew & Slinko, Arkadii, 2019. "Mixing discount functions: Implications for collective time preferences," Mathematical Social Sciences, Elsevier, vol. 102(C), pages 1-14.
    29. Michalis Skourtos & Dimitris Damigos & Areti Kontogianni & Christos Tourkolias & Alistair Hunt, 2019. "Embedding Preference Uncertainty for Environmental Amenities in Climate Change Economic Assessments: A “Random” Step Forward," Economies, MDPI, vol. 7(4), pages 1-22, October.
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    97. Emhjellen, Magne & Osmundsen, Petter, 2012. "Rate of return requirement for climate versus petroleum projects," UiS Working Papers in Economics and Finance 2012/7, University of Stavanger.
    98. Mikhail Pakhnin, 2021. "Collective Choice with Heterogeneous Time Preferences," CESifo Working Paper Series 9141, CESifo.
    99. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    100. Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
    101. Frédéric Cherbonnier & Christian Gollier, 2022. "Risk-adjusted Social Discount Rates," Post-Print hal-04012977, HAL.
    102. Francisco M. Gonzalez & Itziar Lazkano & Sjak A. Smulders, 2017. "Future-biased Intergenerational Altruism," Working Papers 1703, University of Waterloo, Department of Economics, revised Apr 2017.
    103. Mareike Schad & Jürgen John, 2012. "Towards a social discount rate for the economic evaluation of health technologies in Germany: an exploratory analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 13(2), pages 127-144, April.
    104. Hübler, Michael, 2015. "How Tourism Can Save Nature," Hannover Economic Papers (HEP) dp-551, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
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  42. Bec, Frédérique & Gollier, Christian, 2009. "Cyclicality and Term Structure of Value-at-Risk in Europe," IDEI Working Papers 587, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Lucyna Gornicka & Sweder van Wijnbergen, 2013. "Financial Frictions and the Credit Transmission Channel: Capital Requirements and Bank Capital," Tinbergen Institute Discussion Papers 13-013/VI/DSF50, Tinbergen Institute.

  43. Gollier, Christian & Pouget, Sébastien, 2009. "Shareholder Activism and Socially Responsible Investors: Equilibrium Changes in Asset Prices and Corporate Behavior," TSE Working Papers 09-081, Toulouse School of Economics (TSE).

    Cited by:

    1. Florence Lachet-Touya, 2013. "The Assignment of a CSR Action Choice," Working Papers hal-02944767, HAL.
    2. Amir Barnea & Robert Heinkel & Alan Kraus, 2013. "Corporate social responsibility, stock prices, and tax policy," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 1066-1084, August.
    3. Sudheer Chava, 2014. "Environmental Externalities and Cost of Capital," Management Science, INFORMS, vol. 60(9), pages 2223-2247, September.
    4. Florence Lachet-Touya, 2013. "The Assignment of a CSR Action Choice," Working papers of CATT hal-02944767, HAL.
    5. Adamolekun, Gbenga & Kwansa, Nana Abena & Kwabi, Frank, 2022. "Corporate carbon emissions and market valuation of organic and inorganic investments," Economics Letters, Elsevier, vol. 221(C).

  44. Gierlinger, Johannes & Gollier, Christian, 2008. "Socially Efficient Discounting under Ambiguity Aversion," IDEI Working Papers 561, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Traeger, Christian P., 2012. "Why uncertainty matters - discounting under intertemporal risk aversion and ambiguity," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2w614303, Department of Agricultural & Resource Economics, UC Berkeley.
    2. Loïc Berger, 2014. "Precautionary saving and the notion of ambiguity prudence," Post-Print hal-03027142, HAL.
    3. Rick Van der Ploeg & Bas Jacobs, 2010. "Precautionary Climate Change Policies And Optimal Redistribution," OxCarre Working Papers 049, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    4. Echazu Luciana & Nocetti Diego & Smith William T., 2012. "A New Look into the Determinants of the Ecological Discount Rate: Disentangling Social Preferences," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-44, April.
    5. Berger, Loïc, 2015. "The Impact of Ambiguity Prudence on Insurance and Prevention," Climate Change and Sustainable Development 198893, Fondazione Eni Enrico Mattei (FEEM).
    6. Loïc Berger & Valentina Bosetti, 2020. "Characterizing ambiguity attitudes using model uncertainty," Post-Print hal-03031502, HAL.
    7. Luciana Echazu & Diego Nocetti, 2013. "Priority Setting In Health Care: Disentangling Risk Aversion From Inequality Aversion," Health Economics, John Wiley & Sons, Ltd., vol. 22(6), pages 730-740, June.
    8. Jewitt, Ian & Mukerji, Sujoy, 2017. "Ordering ambiguous acts," Journal of Economic Theory, Elsevier, vol. 171(C), pages 213-267.
    9. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-03027150, HAL.
    10. Iverson, Terrence, 2012. "Communicating Trade-offs amid Controversial Science: Decision Support for Climate Policy," Ecological Economics, Elsevier, vol. 77(C), pages 74-90.
    11. Traeger, Christian P., 2011. "Discounting and confidence," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt61m836d1, Department of Agricultural & Resource Economics, UC Berkeley.
    12. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," Post-Print hal-01300594, HAL.
    13. Iverson, Terrence, 2013. "Minimax regret discounting," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 598-608.
    14. Antony Millner & Simon Dietz & Geoffrey Heal, 2010. "Ambiguity and Climate Policy," NBER Working Papers 16050, National Bureau of Economic Research, Inc.
    15. Stergios Athanassoglou & Anastasios Xepapadeas, 2011. "Pollution Control: When, and How, to be Precautious," Working Papers 2011.18, Fondazione Eni Enrico Mattei.
    16. Loic Berger & Valentina Bosetti, 2016. "Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion," Working Papers 2016.37, Fondazione Eni Enrico Mattei.
    17. Loïc Berger, 2011. "Does Ambiguity Aversion Raise the Optimal Level of Effort? A Two-Period Model," Working Papers ECARES ECARES 2011-021, ULB -- Universite Libre de Bruxelles.
    18. Traeger, Christian P., 2011. "Discounting and confidence," CUDARE Working Papers 120418, University of California, Berkeley, Department of Agricultural and Resource Economics.
    19. Traeger, Christian P., 2009. "The Social Discount Rate under Intertemporal Risk Aversion and Ambiguity," CUDARE Working Papers 55785, University of California, Berkeley, Department of Agricultural and Resource Economics.
    20. Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
    21. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01300594, HAL.
    22. Antony Millner & Simon Dietz & Geoffrey Heal, 2013. "Scientific Ambiguity and Climate Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(1), pages 21-46, May.

  45. GOLLIER Christian, 2008. "Should we discount the far-distant future at its lowest possible rate?," LERNA Working Papers 08.30.274, LERNA, University of Toulouse.

    Cited by:

    1. Traeger, Christian P., 2012. "What's the Rate? Disentangling the Weitzman and the Gollier Effect," CUDARE Working Papers 121932, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. Patrice Loisel & Marielle Brunette & Stéphane Couture, 2020. "Insurance and Forest Rotation Decisions Under Storm Risk," Post-Print hal-02874875, HAL.
    3. Freeman, Mark C., 2009. "Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle," Economics Discussion Papers 2009-42, Kiel Institute for the World Economy (IfW Kiel).
    4. Weitzman, Martin L., 2010. "Risk-adjusted gamma discounting," Journal of Environmental Economics and Management, Elsevier, vol. 60(1), pages 1-13, July.
    5. Nicole El Karoui & Caroline Hillairet & Mohamed Mrad, 2014. "Ramsey Rule with Progressive Utility in Long Term Yield Curves Modeling," Papers 1404.1895, arXiv.org.
    6. GOLLIER Christian, 2008. "Expected net present value, expected net future value, and the Ramsey rule," LERNA Working Papers 08.29.273, LERNA, University of Toulouse.
    7. J. Bickel & Shubham Agrawal, 2013. "Reexamining the economics of aerosol geoengineering," Climatic Change, Springer, vol. 119(3), pages 993-1006, August.
    8. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    9. Traeger, Christian P., 2013. "Discounting under uncertainty: Disentangling the Weitzman and the Gollier effect," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 573-582.
    10. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    11. Fridstrøm, Lasse & Østli, Vegard, 2017. "The vehicle purchase tax as a climate policy instrument," Transportation Research Part A: Policy and Practice, Elsevier, vol. 96(C), pages 168-189.
    12. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    13. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    14. Iverson, Terrence, 2013. "Minimax regret discounting," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 598-608.
    15. Freeman, Mark C., 2010. "Yes, we should discount the far-distant future at its lowest possible rate: A resolution of the Weitzman-Gollier puzzle," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-21.
    16. Freeman, Mark C. & Groom, Ben, 2015. "Positively gamma discounting: combining the opinions of experts on the social discount rate," LSE Research Online Documents on Economics 57158, London School of Economics and Political Science, LSE Library.
    17. Gollier, Christian & Weitzman, Martin L., 2009. "How Should the Distant Future be Discounted When Discount Rates are Uncertain?," TSE Working Papers 09-107, Toulouse School of Economics (TSE).
    18. Rajnish Mehra, 2013. "Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy," NBER Working Papers 19146, National Bureau of Economic Research, Inc.
    19. Szekeres, Szabolcs, 2017. "Checking Gollier and Weitzman's solution of the "Weitzman-Gollier puzzle"," Economics Discussion Papers 2017-11, Kiel Institute for the World Economy (IfW Kiel).
    20. Nicole El Karoui & Mohamed Mrad & Caroline Hillairet, 2014. "Ramsey Rule with Progressive utility and Long Term Affine Yields Curves," Papers 1404.1913, arXiv.org.
    21. Nicole El Karoui & Mohamed Mrad & Caroline Hillairet, 2014. "Ramsey Rule with Progressive utility and Long Term Affine Yields Curves," Post-Print hal-00974831, HAL.
    22. Traeger, Christian P., 2012. "What's the rate? Disentangling the Weitzman and the Gollier effect," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt88x3d1vw, Department of Agricultural & Resource Economics, UC Berkeley.
    23. Aguilar Ibarra, Alonso & Sánchez Vargas, Armando & Martínez López, Benjamín, 2013. "Economic impacts of climate change on two Mexican coastal fisheries: Implications for food security," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 7, pages 1-38.

  46. GOLLIER Christian & KOUNDOURI Phoebe & PANTELIDIS Theologos, 2008. "Declining Discount Rates : Economic Justifications and Implications for Long-Run Policy," LERNA Working Papers 08.17.261, LERNA, University of Toulouse.

    Cited by:

    1. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2009. "Assessing the economic viability of alternative water resources in water scarce regions: The roles of economic valuation, cost–benefit analysis and discounting," 2009 Conference, August 16-22, 2009, Beijing, China 51692, International Association of Agricultural Economists.
    2. Phoebe Koundouri & Georgios I. Papayiannis & Electra Petracou & Athanasios Yannacopoulos, 2023. "Consensus group decision making under model uncertainty with a view towards environmental policy making," DEOS Working Papers 2305, Athens University of Economics and Business.
    3. Szekeres, Szabolcs, 2020. "Checking the Evidence for Declining Discount Rates," MPRA Paper 102233, University Library of Munich, Germany.
    4. Freeman, Mark C., 2009. "Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle," Economics Discussion Papers 2009-42, Kiel Institute for the World Economy (IfW Kiel).
    5. Loïc Berger & Johannes Emmerling, 2020. "Welfare as Equity Equivalents," Post-Print hal-02937705, HAL.
    6. Matteo Richiardi & J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perellò, 2017. "Discounting the distant future: What do historical bond prices imply about the long term discount rate?," LABORatorio R. Revelli Working Papers Series 156, LABORatorio R. Revelli, Centre for Employment Studies.
    7. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    8. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2010. "Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting," Ecological Economics, Elsevier, vol. 69(4), pages 839-847, February.
    9. Echazu Luciana & Nocetti Diego & Smith William T., 2012. "A New Look into the Determinants of the Ecological Discount Rate: Disentangling Social Preferences," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-44, April.
    10. Hultkrantz, Lars & Mantalos, Panagiotis, 2016. "Hedging with Trees: Tail-Hedge Discounting of Long-Term Forestry Returns," Working Papers 2016:2, Örebro University, School of Business.
    11. GOLLIER Christian, 2008. "Expected net present value, expected net future value, and the Ramsey rule," LERNA Working Papers 08.29.273, LERNA, University of Toulouse.
    12. Stella Tsani & Phoebe Koundouri & Ebun Akinsete, 2020. "Resource management and sustainable development: A review of the European water policies in accordance with the United Nations' Sustainable Development Goals," DEOS Working Papers 2036, Athens University of Economics and Business.
    13. Kyriaki Remoundou & Phoebe Koundouri, 2009. "Environmental Effects on Public Health: An Economic Perspective," IJERPH, MDPI, vol. 6(8), pages 1-19, July.
    14. Piotr W. Saługa & Katarzyna Szczepańska-Woszczyna & Radosław Miśkiewicz & Mateusz Chłąd, 2020. "Cost of Equity of Coal-Fired Power Generation Projects in Poland: Its Importance for the Management of Decision-Making Process," Energies, MDPI, vol. 13(18), pages 1-11, September.
    15. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.
    16. Jessica Catalano & Chiara Pancotti, 2022. "Estimation of SDR in selected countries," Working Papers 202201, CSIL Centre for Industrial Studies.
    17. Yiannis Kountouris & Phoebe Koundouri, 2009. "Defining The Discount Rate Trajectory For The Evaluation Of Water Stress Mitigation Policies And Projects," DEOS Working Papers 0907, Athens University of Economics and Business.
    18. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    19. Phoebe Koundouri & Georgios I. Papayiannis & Athanasios Yannacopoulos, 2022. "Optimal Control Approaches to Sustainability under Uncertainty," DEOS Working Papers 2215, Athens University of Economics and Business.
    20. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    21. Michael D. Bauer & Glenn D. Rudebusch, 2020. "The Rising Cost of Climate Change: Evidence from the Bond Market," Working Paper Series 2020-25, Federal Reserve Bank of San Francisco.
    22. Phoebe Koundouri & Nikos Chatzistamoulou & Osiel Gonzalez Davila & Amerissa Giannouli & Nikolaos Kourogenis & Anastasios Xepapadeas & Peter A. Xepapadeas, 2020. "Open Access in Scientific Information: Sustainability Model and Business Plan for the Infrastructure and Organisation of OpenAIRE," DEOS Working Papers 2001, Athens University of Economics and Business.
    23. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    24. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    25. Gollier, Christian, 2008. "Discounting with Fat-Tailed Economic Growth," IDEI Working Papers 523, Institut d'Économie Industrielle (IDEI), Toulouse.
    26. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    27. Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
    28. Daniel A. Farber, 2015. "Gambling over Growth: Economic Uncertainty, Discounting, and Regulatory Policy," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 509-528.
    29. Loïc Berger & Johannes Emmerling, 2017. "Welfare as Simple(x) Equity Equivalents," Working Papers 2017.14, Fondazione Eni Enrico Mattei.
    30. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    31. Kopacz, Michał & Sobczyk, Eugeniusz J. & Galica, Dominik, 2018. "The impact of variability and correlation of selected geological parameters on the economic assessment of bituminous coal deposits with use of non-parametric bootstrap and copula-based Monte Carlo sim," Resources Policy, Elsevier, vol. 55(C), pages 171-183.
    32. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    33. Freeman, Mark C., 2010. "Yes, we should discount the far-distant future at its lowest possible rate: A resolution of the Weitzman-Gollier puzzle," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-21.
    34. J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perello, 2014. "Discounting the Distant Future," Cowles Foundation Discussion Papers 1951, Cowles Foundation for Research in Economics, Yale University.
    35. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
    36. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
    37. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    38. Stephanie MacLeod & Yves Filion, 2012. "Issues and Implications of Carbon-Abatement Discounting and Pricing for Drinking Water System Design in Canada," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(1), pages 43-61, January.
    39. Jaume Masoliver & Miquel Montero & Josep Perelló, 2021. "Jump-Diffusion Models for Valuing the Future: Discounting under Extreme Situations," Mathematics, MDPI, vol. 9(14), pages 1-26, July.
    40. Phoebe Koundouri & Ebun Akinsete & Stella Tsani, 2003. "Socio-economic and policy implications of multi-stressed rivers: A European perspective," DEOS Working Papers 0305, Athens University of Economics and Business.
    41. Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
    42. Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
    43. M N Murty & Manoj Panda & William Joe, 2020. "Estimating Social Time Preference Rate for India:Lower Discount Rates for Climate Change Mitigation and other Long Run Investment Projects," IEG Working Papers 388, Institute of Economic Growth.
    44. Emmi Nieminen & Lone Grønbæk Kronbak & Marko Lindroos, 2016. "International Agreements in the Multispecies Baltic Sea Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(1), pages 109-134, September.
    45. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.
    46. Phoebe Koundouri & Osiel Gonzalez Davila, 2013. "The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters," DEOS Working Papers 1334, Athens University of Economics and Business.
    47. Penyalver, Domingo & Turró, Mateu & Zavala-Rojas, Diana, 2018. "Intergenerational perception of the utility of major transport projects," Research in Transportation Economics, Elsevier, vol. 70(C), pages 97-111.
    48. Kathrin Goldmann, 2017. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Working Papers 22, Institute of Transport Economics, University of Muenster.
    49. Pajot, Guillaume, 2011. "Rewarding carbon sequestration in South-Western French forests: A costly operation?," Journal of Forest Economics, Elsevier, vol. 17(4), pages 363-377.
    50. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    51. Gollier, Christian, 2009. "Should We Discount the Far-Distant Future at Its Lowest Possible Rate?," Economics Discussion Papers 2009-7, Kiel Institute for the World Economy (IfW Kiel).
    52. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    53. Koundouri, Phoebe & Rault, P. Ker & Pergamalis, V. & Skianis, V. & Souliotis, I., 2015. "Development of an integrated methodology for the sustainableenvironmental and socio-economic management of river ecosystems," LSE Research Online Documents on Economics 64458, London School of Economics and Political Science, LSE Library.
    54. Johansson, Daniel J.A., 2009. "Economics vs. Physical-based Metrics for Relative Greenhouse Gas Valuations," Working Papers in Economics 363, University of Gothenburg, Department of Economics.
    55. Szekeres, Szabolcs, 2020. "The real solution of the Weitzman-Gollier Puzzle," MPRA Paper 102344, University Library of Munich, Germany.
    56. Glenk, Klaus & Schaafsma, Marije & Moxey, Andrew & Martin-Ortega, Julia & Hanley, Nick, 2014. "A framework for valuing spatially targeted peatland restoration," Ecosystem Services, Elsevier, vol. 9(C), pages 20-33.

  47. GOLLIER Christian, 2008. "Discounting with fat-tailed economic growth," LERNA Working Papers 08.19.263, LERNA, University of Toulouse.

    Cited by:

    1. Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
    2. W. Henry Chiu, 2014. "A Note on Discounting an Increasingly Uncertain Future," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(6), pages 981-993, December.
    3. Richard Zeckhauser & W. Viscusi, 2008. "Discounting dilemmas: Editors’ introduction," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 95-106, December.
    4. Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010. "Expected Utility and Catastrophic Risk in a Stochastic Economy-Climate Model," Discussion Paper 2010-122, Tilburg University, Center for Economic Research.
    5. Andersson, Henrik & Hultkrantz, Lars & Lindberg, Gunnar & Nilsson, Jan-Eric, 2017. "The role of economic analysis for investment priorities in Sweden’s transport sector," Working papers in Transport Economics 2017:12, CTS - Centre for Transport Studies Stockholm (KTH and VTI), revised 23 May 2018.
    6. Matteo Richiardi & J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perellò, 2017. "Discounting the distant future: What do historical bond prices imply about the long term discount rate?," LABORatorio R. Revelli Working Papers Series 156, LABORatorio R. Revelli, Centre for Employment Studies.
    7. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    8. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    9. Alex L. Marten, 2014. "The Role Of Scenario Uncertainty In Estimating The Benefits Of Carbon Mitigation," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-29.
    10. Michel de Lara & Vincent Martinet & Luc Doyen, 2015. "Satisficing versus optimality: criteria for sustainability," Post-Print hal-01123050, HAL.
    11. GOLLIER Christian, 2008. "Expected net present value, expected net future value, and the Ramsey rule," LERNA Working Papers 08.29.273, LERNA, University of Toulouse.
    12. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.
    13. Lee, Ji Yun & Ellingwood, Bruce R., 2017. "A decision model for intergenerational life-cycle risk assessment of civil infrastructure exposed to hurricanes under climate change," Reliability Engineering and System Safety, Elsevier, vol. 159(C), pages 100-107.
    14. Liu, Jing-Yu & Fujimori, Shinichiro & Masui, Toshihiko, 2016. "Temporal and spatial distribution of global mitigation costs: INDCs and generation equity," Conference papers 332680, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    16. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    17. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    18. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    19. Michalis Skourtos & Dimitris Damigos & Areti Kontogianni & Christos Tourkolias & Alistair Hunt, 2019. "Embedding Preference Uncertainty for Environmental Amenities in Climate Change Economic Assessments: A “Random” Step Forward," Economies, MDPI, vol. 7(4), pages 1-22, October.
    20. Christian Gollier, 2011. "On the Underestimation of the Precautionary Effect in Discounting," CESifo Working Paper Series 3536, CESifo.
    21. Christian Gollier, 2010. "Debating about the Discount Rate:The Basic Economic Ingredients," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(s1), pages 38-55, May.
    22. Almeida, Caio & Cordeiro, Fernando, 2019. "Long-term Yields Implied by Stochastic Discount Factor Decompositions," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 39(1), July.
    23. Gollier, Christian, 2016. "Evaluation of long-dated assets: The role of parameter uncertainty," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 66-83.
    24. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    25. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    26. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    27. Lawrence Summers & Richard Zeckhauser, 2008. "Policymaking for posterity," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 115-140, December.
    28. Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
    29. Hultkrantz, Lars & A. Krüger, Niclas & Mantalos, Panagiotis, 2014. "Risk-adjusted long-term social rates of discount for transportation infrastructure investment," Research in Transportation Economics, Elsevier, vol. 47(C), pages 70-81.
    30. Kenneth Arrow, 2009. "A Note on Uncertainty and Discounting in Models of Economic Growth," Discussion Papers 08-017, Stanford Institute for Economic Policy Research.
    31. Loïc Berger & Johannes Emmerling, 2017. "Welfare as Simple(x) Equity Equivalents," Working Papers 2017.14, Fondazione Eni Enrico Mattei.
    32. Geoffrey Heal & Antony Millner, 2013. "Uncertainty and decision in climate change economics," GRI Working Papers 108, Grantham Research Institute on Climate Change and the Environment.
    33. Koen Vermeylen, 2013. "The Consumption Discount Rate for the Distant Future (if we do not die out)," Tinbergen Institute Discussion Papers 13-201/VI, Tinbergen Institute.
    34. Christian Gollier, 2012. "Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes," CESifo Working Paper Series 4052, CESifo.
    35. Rick Van der Ploeg, 2013. "Abrupt Positive Feedback and the Social Cost of Carbon," OxCarre Working Papers 122, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    36. Aline Chiabai & Ibon Galarraga & Anil Markandya & Unai Pascual, 2011. "The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast," Working Papers 2011-10, BC3.
    37. Boyarchenko, Svetlana & Levendorskii, Sergei, 2010. "Discounting when income is stochastic and climate change policies," MPRA Paper 27998, University Library of Munich, Germany.
    38. Maureen L. Cropper & Mark C. Freeman & Ben Groom & William A. Pizer, 2014. "Declining Discount Rates," American Economic Review, American Economic Association, vol. 104(5), pages 538-543, May.
    39. Jean Tirole, 2008. "Some Economics of Global Warming," Rivista di Politica Economica, SIPI Spa, vol. 98(6), pages 9-42, November-.
    40. Stéphane Loisel, 2010. "Understanding, Modeling and Managing Longevity Risk: Key Issues and Main Challenges," Post-Print hal-00517902, HAL.
    41. Quaas, Martin F. & Quaas, Johannes & Rickels, Wilfried & Boucher, Olivier, 2017. "Are there reasons against open-ended research into solar radiation management? A model of intergenerational decision-making under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 84(C), pages 1-17.
    42. Markandya, Anil & De Cian, Enrica & Drouet, Laurent & Polanco-Martìnez, Josué M. & Bosello, Francesco, 2016. "Building Uncertainty into the Adaptation Cost Estimation in Integrated Assessment Models," EIA: Climate Change: Economic Impacts and Adaptation 232719, Fondazione Eni Enrico Mattei (FEEM).
    43. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.
    44. Antonio Nesticò & Gabriella Maselli & Patrizia Ghisellini & Sergio Ulgiati, 2023. "A Dual Probabilistic Discounting Approach to Assess Economic and Environmental Impacts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(1), pages 239-265, May.
    45. Buchholz, Wolfgang & Schumacher, Jan, 2010. "Discounting and welfare analysis over time: Choosing the [eta]," European Journal of Political Economy, Elsevier, vol. 26(3), pages 372-385, September.
    46. Rennert, Kevin & Prest, Brian C. & Pizer, William & Newell, Richard G. & Anthoff, David & Kingdon, Cora & Rennels, Lisa & Cooke, Roger & Raftery, Adrian E. & Ševčíková, Hana & Errickson, Frank, 2021. "The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates," RFF Working Paper Series 21-28, Resources for the Future.
    47. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    48. Wojciech Rybicki, 2012. "Discounting and ideas of intergenerational equity and sustainability," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 22(1), pages 63-84.
    49. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    50. Anil Markandya & Enrica Cian & Laurent Drouet & Josué M. Polanco-Martínez & Francesco Bosello, 2019. "Building Risk into the Mitigation/Adaptation Decisions simulated by Integrated Assessment Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1687-1721, December.
    51. Tarik Driouchi & Lenos Trigeorgis & Raymond H. Y. So, 2018. "Option implied ambiguity and its information content: Evidence from the subprime crisis," Annals of Operations Research, Springer, vol. 262(2), pages 463-491, March.
    52. Christian Gollier, 2014. "Discounting and Growth," American Economic Review, American Economic Association, vol. 104(5), pages 534-537, May.
    53. Louis Kaplow & David Weisbach, 2011. "Discount rates, social judgments, individuals’ risk preferences, and uncertainty," Journal of Risk and Uncertainty, Springer, vol. 42(2), pages 125-143, April.
    54. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.
    55. David Ceballos Hornero & Samuel Mongrut Montalván, 2021. "The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-24, Octubre -.
    56. Koen Vermeylen, 2013. "Non-Marginal Cost-Benefit Analysis and the Tyranny of Discounting," Tinbergen Institute Discussion Papers 13-203/VI, Tinbergen Institute.
    57. Masako Ikefuji & Roger J. A. Laeven & Jan R. Magnus & Chris Muris, 2011. "Weitzman meets Nordhaus: Expected utility and catastrophic risk in a stochastic economy-climate model," ISER Discussion Paper 0825, Institute of Social and Economic Research, Osaka University.

  48. GOLLIER Christian, 2008. "Expected net present value, expected net future value, and the Ramsey rule," LERNA Working Papers 08.29.273, LERNA, University of Toulouse.

    Cited by:

    1. Nicole El Karoui & Caroline Hillairet & Mohamed Mrad, 2022. "Ramsey rule with forward/backward utility for long-term yield curves modeling," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 45(1), pages 375-414, June.
    2. Yi-Ming Wei & Zhi-Fu Mi & Zhiming Huang, 2014. "Climate policy modeling: An online SCI-E and SSCI based literature review," CEEP-BIT Working Papers 58, Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology.
    3. Freeman, Mark C., 2009. "Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle," Economics Discussion Papers 2009-42, Kiel Institute for the World Economy (IfW Kiel).
    4. Nicole El Karoui & Caroline Hillairet & Mohamed Mrad, 2014. "Ramsey Rule with Progressive Utility in Long Term Yield Curves Modeling," Papers 1404.1895, arXiv.org.
    5. Quaas, Martin F. & Baumgärtner, Stefan & Drupp, Moritz A. & Meya, Jasper N., 2020. "Intertemporal utility with heterogeneous goods and constant elasticity of substitution," Economics Letters, Elsevier, vol. 191(C).
    6. Christophe Gouel & Sébastien Jean, 2012. "Optimal Food Price Stabilization in a Small Open Developing Country," Working Papers 2012-01, CEPII research center.
    7. Traeger, Christian P., 2013. "Discounting under uncertainty: Disentangling the Weitzman and the Gollier effect," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 573-582.
    8. Michael Funke & Marc Gronwald, 2009. "A Convex Hull Approach to Counterfactual Analysis of Trade Openness and Growth," CESifo Working Paper Series 2692, CESifo.
    9. Wolfgang Buchholz, 2014. "Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle," CESifo Working Paper Series 4967, CESifo.
    10. Szekeres, Szabolcs, 2016. "Testing Gollier and Weitzman’s Solution of the “Weitzman-Gollier Puzzle”," MPRA Paper 72593, University Library of Munich, Germany.
    11. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    12. Orlando Gomes & Alexandra Ferreira-Lopes & Tiago Sequeira, 2014. "Exponential discounting bias," Journal of Economics, Springer, vol. 113(1), pages 31-57, September.
    13. Cucchiella, Federica & D’Adamo, Idiano, 2012. "Feasibility study of developing photovoltaic power projects in Italy: An integrated approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(3), pages 1562-1576.
    14. Nicole El Karoui & Mohamed Mrad & Caroline Hillairet, 2020. "Ramsey Rule with Progressive Utility in Long Term Yield Curves Modeling," Post-Print hal-00974815, HAL.
    15. Petković, Dalibor & Shamshirband, Shahaboddin & Kamsin, Amirrudin & Lee, Malrey & Anicic, Obrad & Nikolić, Vlastimir, 2016. "Survey of the most influential parameters on the wind farm net present value (NPV) by adaptive neuro-fuzzy approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1270-1278.
    16. Freeman, Mark C., 2010. "Yes, we should discount the far-distant future at its lowest possible rate: A resolution of the Weitzman-Gollier puzzle," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-21.
    17. Gollier, Christian & Weitzman, Martin L., 2009. "How Should the Distant Future be Discounted When Discount Rates are Uncertain?," TSE Working Papers 09-107, Toulouse School of Economics (TSE).
    18. Knoke, Thomas & Gosling, Elizabeth & Paul, Carola, 2020. "Use and misuse of the net present value in environmental studies," Ecological Economics, Elsevier, vol. 174(C).
    19. Nicole El Karoui & Mohamed Mrad & Caroline Hillairet, 2014. "Ramsey Rule with Progressive utility and Long Term Affine Yields Curves," Papers 1404.1913, arXiv.org.
    20. Disa Asplund, 2017. "The temporal aspects of the social cost of greenhouse gases," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2017(3), pages 25-39.
    21. Gollier, Christian, 2009. "Should We Discount the Far-Distant Future at Its Lowest Possible Rate?," Economics Discussion Papers 2009-7, Kiel Institute for the World Economy (IfW Kiel).
    22. Nicole El Karoui & Mohamed Mrad & Caroline Hillairet, 2014. "Ramsey Rule with Progressive utility and Long Term Affine Yields Curves," Post-Print hal-00974831, HAL.
    23. Lidiia Karpenko & Mykola Izha & Iryna Chunytska & Andrii Maiev & Kateryna Hunko, 2021. "The growth of the country’s economic security level based on the investment infrastructure development projects," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(4), pages 713-729, June.
    24. Traeger, Christian P., 2012. "What's the rate? Disentangling the Weitzman and the Gollier effect," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt88x3d1vw, Department of Agricultural & Resource Economics, UC Berkeley.
    25. Szekeres, Szabolcs, 2015. "Governments Should Not Use Declining Discount Rates in Project Analysis," MPRA Paper 63438, University Library of Munich, Germany.

  49. GOLLIER Christian, 2008. "Ecological Discounting," LERNA Working Papers 08.18.262, LERNA, University of Toulouse.

    Cited by:

    1. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    2. Courard-Hauri, David & Klimas, Christie A. & Parrish, Conor, 2020. "An analysis of the long-term social discount rate and the valuation of large environmental losses using non-monetary tradeoffs," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
    3. Marion Dupoux, 2016. "The land use change time-accounting failure," Policy Papers 2016.07, FAERE - French Association of Environmental and Resource Economists.
    4. Moritz A. Drupp, 2018. "Limits to Substitution Between Ecosystem Services and Manufactured Goods and Implications for Social Discounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(1), pages 135-158, January.
    5. Migo-Sumagang, Maria Victoria & Tan, Raymond R. & Aviso, Kathleen B., 2023. "A multi-period model for optimizing negative emission technology portfolios with economic and carbon value discount rates," Energy, Elsevier, vol. 275(C).
    6. Dupoux, Marion & Martinet, Vincent, 2022. "Could the environment be a normal good for you and an inferior good for me? A theory of context-dependent substitutability and needs," Resource and Energy Economics, Elsevier, vol. 69(C).
    7. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    8. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    9. Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
    10. Quaas, Martin F. & Baumgärtner, Stefan & Drupp, Moritz A. & Meya, Jasper N., 2020. "Intertemporal utility with heterogeneous goods and constant elasticity of substitution," Economics Letters, Elsevier, vol. 191(C).
    11. Echazu Luciana & Nocetti Diego & Smith William T., 2012. "A New Look into the Determinants of the Ecological Discount Rate: Disentangling Social Preferences," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-44, April.
    12. Nicoleta Anca Matei & Claudio Zoli, 2012. "Restricted Finite Time Dominance," Working Papers 30/2012, University of Verona, Department of Economics.
    13. Diego Ubfal, 2013. "How General Are Time Preferences? Eliciting Good-Specific Discount Rates," Working Papers 473, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    14. Carl Koopmans & Piet Rietveld, 2013. "Long-term impacts of mega-projects: the discount rate," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 14, pages 313-332, Edward Elgar Publishing.
    15. Moritz A. Drupp & Martin C. Hänsel, 2020. "Relative Prices and Climate Policy: How the Scarcity of Non-Market Goods Drives Policy Evaluation," CESifo Working Paper Series 8052, CESifo.
    16. Christoph Heinzel, 2014. "Term structure of discount rates under multivariate s-ordered consumption growth," Working Papers SMART 14-01, INRAE UMR SMART.
    17. Gollier, Christian, 2019. "Valuation of natural capital under uncertain substitutability," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 54-66.
    18. Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015. "Genuine Savings And Sustainability," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
    19. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    20. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    21. Drupp, Moritz A. & Meya, Jasper N. & Baumgärtner, Stefan & Quaas, Martin F., 2017. "Economic inequality and the value of nature," Economics Working Papers 2017-08, Christian-Albrechts-University of Kiel, Department of Economics.
    22. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    23. Zhu, Xueqin & Smulders, Sjak & de Zeeuw, Aart, 2019. "Discounting in the presence of scarce ecosystem services," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    24. Jouini, Elyès & Napp, Clotilde & Nocetti, Diego, 2013. "On multivariate prudence," Journal of Economic Theory, Elsevier, vol. 148(3), pages 1255-1267.
    25. Nicholas Z. Muller, 2016. "The Derivation of Discount Rates with an Augmented Measure of Income," NBER Working Papers 22579, National Bureau of Economic Research, Inc.
    26. Diego Nocetti & William T. Smith, 2011. "Precautionary Saving and Endogenous Labor Supply with and without Intertemporal Expected Utility," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1475-1504, October.
    27. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    28. Baiardi, Donatella & Manera, Matteo & Menegatti, Mario, 2011. "Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks," Climate Change and Sustainable Development 115845, Fondazione Eni Enrico Mattei (FEEM).
    29. Iverson, Terrence, 2012. "Communicating Trade-offs amid Controversial Science: Decision Support for Climate Policy," Ecological Economics, Elsevier, vol. 77(C), pages 74-90.
    30. Maureen L. Cropper & Yongjoon Park, 2024. "Incorporating Air and Water Pollution into the National Income and Product Accounts," NBER Chapters, in: Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective, National Bureau of Economic Research, Inc.
    31. AJ A. Bostian & Christoph Heinzel, 2016. "Consumption Smoothing and Precautionary Saving under Recursive Preferences," FOODSECURE Working papers 44, LEI Wageningen UR.
    32. Saraev, Vadim & Valatin, Gregory & Peace, Andrew & Quine, Christopher, 2019. "How does a biodiversity value impact upon optimal rotation length? An investigation using species richness and forest stand age," Forest Policy and Economics, Elsevier, vol. 107(C), pages 1-1.
    33. Stefan Baumgärtner & Alexandra Klein & Denise Thiel & Klara Winkler, 2015. "Ramsey Discounting of Ecosystem Services," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(2), pages 273-296, June.
    34. M. Gallastegui & M. González-Eguino & I. Galarraga, 2012. "Cost effectiveness of a combination of instruments for global warming: a quantitative approach for Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 3(1), pages 111-132, March.
    35. Boyarchenko, Svetlana & Levendorskii, Sergei, 2010. "Discounting when income is stochastic and climate change policies," MPRA Paper 27998, University Library of Munich, Germany.
    36. Defrancesco, Edi & Gatto, Paola & Rosato, Paolo, 2014. "A ‘component-based’ approach to discounting for natural resource damage assessment," Ecological Economics, Elsevier, vol. 99(C), pages 1-9.
    37. Jonas Heckenhahn & Moritz A. Drupp, 2022. "Relative Price Changes of Ecosystem Services: Evidence from Germany," CESifo Working Paper Series 9656, CESifo.
    38. W. Botzen & Jeroen Bergh, 2014. "Specifications of Social Welfare in Economic Studies of Climate Policy: Overview of Criteria and Related Policy Insights," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(1), pages 1-33, May.
    39. Rick Van der Ploeg & Armon Rezai, 2014. "Intergenerational inequality aversion, growth and the role of damages: Occam's rule for hte global carbon tax," OxCarre Working Papers 150, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    40. Jurgita Baranauskiene & Vilija Alekneviciene, 2019. "Comprehensive Measurement of Social Benefits Generated by Public Investment Projects," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(4), pages 195-210.
    41. Desheng Wu & Shuzhen Chen, 2017. "Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion," Risk Analysis, John Wiley & Sons, vol. 37(8), pages 1522-1531, August.
    42. Saleem H. Ali, 2016. "The Ethics of Space and Time in Mining Projects: Matching Technical Tools with Social Performance," Journal of Business Ethics, Springer, vol. 135(4), pages 645-651, June.
    43. Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
    44. Yamaguchi, Rintaro & Shah, Payal, 2020. "Spatial discounting of ecosystem services," Resource and Energy Economics, Elsevier, vol. 62(C).
    45. Kögel, Tomas, 2009. "On the Relation between Dual-Rate Discounting and Substitutability," Economics Discussion Papers 2009-10, Kiel Institute for the World Economy (IfW Kiel).
    46. Antonio Nesticò & Gabriella Maselli & Patrizia Ghisellini & Sergio Ulgiati, 2023. "A Dual Probabilistic Discounting Approach to Assess Economic and Environmental Impacts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(1), pages 239-265, May.
    47. Figueroa, Eugenio & Pastén, Roberto, 2015. "Beyond additive preferences: Economic behavior and the income pollution path," Resource and Energy Economics, Elsevier, vol. 41(C), pages 91-102.
    48. Jarisch, Isabelle & Bödeker, Kai & Bingham, Logan Robert & Friedrich, Stefan & Kindu, Mengistie & Knoke, Thomas, 2022. "The influence of discounting ecosystem services in robust multi-objective optimization – An application to a forestry-avocado land-use portfolio," Forest Policy and Economics, Elsevier, vol. 141(C).
    49. Jonas Heckenhahn & Moritz A. Drupp, 2024. "Relative Price Changes of Ecosystem Services: Evidence from Germany," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(3), pages 833-880, March.
    50. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    51. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    52. Arbex, Marcelo & Batu, Michael, 2020. "What if people value nature? Climate change and welfare costs," Resource and Energy Economics, Elsevier, vol. 61(C).
    53. Alin OPREANA & Simona VINEREAN, 2015. "Analysis of the Economic Research Context after the Outbreak of the Economic Crisis of 2007-2009," Expert Journal of Economics, Sprint Investify, vol. 3(1), pages 77-92.
    54. van der Ploeg, Frederick & Rezai, Armon, 2014. "Intergenerational inequality aversion, growth and the role of damages: Occam?s rule for the global carbon tax," CEPR Discussion Papers 10292, C.E.P.R. Discussion Papers.
    55. Lopez, Ramon E. & Pastén, Roberto & Gutiérrez Cubillos, Pablo, 2022. "Climate change in times of economic uncertainty: A perverse tragedy of the commons?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 209-225.
    56. Lugovoy, O. & Polbin, A., 2016. "On Intergenerational Distribution of the Burden of Greenhouse Gas Emissions," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 12-39.
    57. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.
    58. Jianli Wang & Pu Gong, 2013. "Labor supply with stochastic wage rate and non-labor income uncertainty," Journal of Economics, Springer, vol. 109(1), pages 41-55, May.
    59. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2023. "Limited substitutability, relative price changes and the uplifting of public natural capital values," Papers 2308.04400, arXiv.org, revised Mar 2024.
    60. Vasquez-Lavín, Felipe & Ponce Oliva, Roberto D. & Hernández, José Ignacio & Gelcich, Stefan & Carrasco, Moisés & Quiroga, Miguel, 2019. "Exploring dual discount rates for ecosystem services: Evidence from a marine protected area network," Resource and Energy Economics, Elsevier, vol. 55(C), pages 63-80.
    61. Hänsel Martin C. & Edenhofer Ottmar, 2023. "A New Decade of Research on the Economics of Climate Change," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 243(5), pages 471-476, October.
    62. Joachim Fuenfgelt & Stefan Baumgaertner, 2012. "A utilitarian notion of responsibility for sustainability," Working Paper Series in Economics 234, University of Lüneburg, Institute of Economics.

  50. Gollier, Christian & Brunnermeier, Markus & Parker, Jonathan A, 2007. "Optimal Beliefs, Asset Prices and the Preference for Skewed Returns," CEPR Discussion Papers 6181, C.E.P.R. Discussion Papers.

    Cited by:

    1. Xu, Zhongxiang & Chevapatrakul, Thanaset & Li, Xiafei, 2019. "Return asymmetry and the cross section of stock returns," Journal of International Money and Finance, Elsevier, vol. 97(C), pages 93-110.
    2. Kwon, Kyung Yoon & Min, Byoung-Kyu & Sun, Chenfei, 2022. "Enhancing the profitability of lottery strategies," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 166-184.
    3. Paul Schneider & Christian Wagner & Josef Zechner, 2019. "Low Risk Anomalies?," Swiss Finance Institute Research Paper Series 19-50, Swiss Finance Institute.
    4. Bonato, Matteo & Demirer, Riza & Gupta, Rangan & Pierdzioch, Christian, 2018. "Gold futures returns and realized moments: A forecasting experiment using a quantile-boosting approach," Resources Policy, Elsevier, vol. 57(C), pages 196-212.
    5. Adabi Firouzjaee , Bagher & Mehrara , Mohsen & Mohammadi , Shapour, 2014. "Optimal Portfolio Selection for Tehran Stock Exchange Using Conditional, Partitioned and Worst-case Value at Risk Measures," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 9(1), pages 1-30, October.
    6. Barth, Daniel, 2014. "The costs and beliefs impliedby direct stock ownership," Working Paper Series 1657, European Central Bank.
    7. Jondeau, Eric & Zhang, Qunzi & Zhu, Xiaoneng, 2019. "Average skewness matters," Journal of Financial Economics, Elsevier, vol. 134(1), pages 29-47.
    8. Jezek, M., 2009. "Passive Investors, Active Traders and Strategic Delegation of Price Discovery," Cambridge Working Papers in Economics 0951, Faculty of Economics, University of Cambridge.
    9. RUGE-MURCIA, Francisco J., 2012. "Skewness Risk and Bond Prices," Cahiers de recherche 2012-14, Universite de Montreal, Departement de sciences economiques.
    10. Borochin, Paul & Chang, Hao & Wu, Yangru, 2020. "The information content of the term structure of risk-neutral skewness," Journal of Empirical Finance, Elsevier, vol. 58(C), pages 247-274.
    11. Tilman H. Drerup & Matthias Wibral & Christian Zimpelmann, 2023. "Skewness expectations and portfolio choice," Experimental Economics, Springer;Economic Science Association, vol. 26(1), pages 107-144, March.
    12. Elias Albagli & Christian Hellwig & Aleh Tsyvinski, 2011. "A Theory of Asset Prices Based on Heterogeneous Information," Cowles Foundation Discussion Papers 1827, Cowles Foundation for Research in Economics, Yale University.
    13. Zi-Mei Wang & Donald Lien, 2022. "Is maximum daily return a lottery? Evidence from monthly revenue announcements," Review of Quantitative Finance and Accounting, Springer, vol. 59(2), pages 545-600, August.
    14. , G., 2013. "Managing pessimistic expectations and fiscal policy," Theoretical Economics, Econometric Society, vol. 8(1), January.
    15. Chen, Chen & Lee, Hsiu-Chuan & Liao, Tzu-Hsiang, 2016. "Risk-neutral skewness and market returns: The role of institutional investor sentiment in the futures market," The North American Journal of Economics and Finance, Elsevier, vol. 35(C), pages 203-225.
    16. Kingstone Nyakurukwa & Yudhvir Seetharam, 2023. "Beyond the hype: examining the relationship between Wikipedia attention and realised skewness for crypto assets," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-12, September.
    17. Alexander Zimper, 2023. "Belief aggregation for representative agent models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(2), pages 309-342, June.
    18. Doran, James & Jiang, Danling & Peterson, David, 2008. "Gambling Preference and the New Year Effect of Assets with Lottery Features," MPRA Paper 15463, University Library of Munich, Germany, revised 10 Mar 2009.
    19. Yao, Shouyu & Wang, Chunfeng & Cui, Xin & Fang, Zhenming, 2019. "Idiosyncratic skewness, gambling preference, and cross-section of stock returns: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 464-483.
    20. Patrick Roger & Marie-Hélène Broihanne & Maxime Merli, 2012. "In search of positive skewness: the case of individual investors," Working Papers of LaRGE Research Center 2012-04, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    21. Gupta, Nilesh & Mishra, Anil V & Jacob, Joshy, 2022. "Prospect theory preferences and global mutual fund flows," Journal of International Money and Finance, Elsevier, vol. 125(C).
    22. Eric Jondeau & Xuewu Wang & Zhipeng Yan & Qunzi Zhang, 2020. "Skewness and index futures return," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(11), pages 1648-1664, November.
    23. Kinateder, Harald & Papavassiliou, Vassilios G., 2019. "Sovereign bond return prediction with realized higher moments," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 62(C), pages 53-73.
    24. Huber, Jürgen & Kirchler, Michael & Stefan, Matthias, 2014. "Experimental evidence on varying uncertainty and skewness in laboratory double-auction markets," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 798-809.
    25. Marinela Adriana Finta & José Renato Haas Ornelas, 2018. "Commodity Return Predictability: evidence from implied variance, skewness and their risk premia and their risk premia," Working Papers Series 479, Central Bank of Brazil, Research Department.
    26. Don M. Autore & Jared R. DeLisle, 2016. "Skewness Preference and Seasoned Equity Offers," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 5(2), pages 200-238.
    27. Wang, Qingxia & Faff, Robert & Zhu, Min, 2022. "Realized moments and the cross-sectional stock returns around earnings announcements," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 408-427.
    28. Wang, Congcong & Tong, Lin, 2020. "Lender rationality and trade-off behavior: Evidence from Lending Club and Renrendai," International Review of Economics & Finance, Elsevier, vol. 70(C), pages 55-66.
    29. Mitton, Todd & Vorkink, Keith & Wright, Ian, 2018. "Neighborhood effects on speculative behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 151(C), pages 42-61.
    30. Yao, Jing & Yang, Yiwen, 2023. "Risk-return tradeoff and serial correlation in the Chinese stock market: A bailout-driven crash feedback hypothesis," Economic Modelling, Elsevier, vol. 129(C).
    31. Ali, Syed Riaz Mahmood & Rahman, M Arifur & Hasan, Mohammad Nurul & Östermark, Ralf, 2020. "Positive IVOL-MAX effect: A study on the Singapore Stock Market," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    32. Ehsani, Sina & Lien, Donald, 2015. "A note on minimum riskiness hedge ratio," Finance Research Letters, Elsevier, vol. 15(C), pages 11-17.
    33. Asness, Cliff & Frazzini, Andrea & Gormsen, Niels Joachim & Pedersen, Lasse Heje, 2020. "Betting against correlation: Testing theories of the low-risk effect," Journal of Financial Economics, Elsevier, vol. 135(3), pages 629-652.
    34. Alice Hsiaw & Ing-Haw Cheng, 2016. "Distrust in Experts and the Origins of Disagreement," Working Papers 110R2, Brandeis University, Department of Economics and International Business School, revised Jan 2017.
    35. Anastasios G. Karantounias, 2009. "Ramsey Taxation and fear of misspecification," 2009 Meeting Papers 822, Society for Economic Dynamics.
    36. Weber, Martin & Jacobs, Heiko & Regele, Tobias, 2015. "Expected Skewness and Momentum," CEPR Discussion Papers 10601, C.E.P.R. Discussion Papers.
    37. Silvia Bressan & Alex Weissensteiner, 2023. "Option-Implied Skewness and the Value of Financial Intermediaries," Journal of Financial Services Research, Springer;Western Finance Association, vol. 64(2), pages 207-229, October.
    38. Goto, Shingo & Yamada, Toru, 2023. "What drives biased odds in sports betting markets: Bettors’ irrationality and the role of bookmakers," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 252-270.
    39. Escobar, Laura & Pedraza, Alvaro, 2023. "Active trading and (poor) performance: The social transmission channel," Journal of Financial Economics, Elsevier, vol. 150(1), pages 139-165.
    40. Marco Ottaviani & Peter Norman Sørensen, 2009. "Aggregation of Information and Beliefs: Asset Pricing Lessons from Prediction Markets," Discussion Papers 09-14, University of Copenhagen. Department of Economics.
    41. Ben-David, Itzhak & Franzoni, Francesco A. & Kim, Byungwook & Moussawi, Rabih, 2021. "Competition for Attention in the ETF Space," Working Paper Series 2021-01, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    42. Albagli, Elias & Hellwig, Christian & Tsyvinski, Aleh, 2021. "Information Aggregation with Asymmetric Asset Payoffs," TSE Working Papers 21-1172, Toulouse School of Economics (TSE), revised Apr 2023.
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  51. Joël Maurice & Yves Crozet & Claude Abraham & Marc Gaudry & Marc Ivaldi & Catherine Vibes & Christian Gollier & Laetitia Andrieu & André De Palma & Nathalie Picard & Luc Baumstark & Guillaume Chevasso, 2007. "Le calcul économique dans le processus de choix collectif des investissements de transport," PSE-Ecole d'économie de Paris (Postprint) halshs-00187333, HAL.

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    1. Yves Crozet, 2016. "Hyper-mobilité et politiques publiques - Changer d'époque ?," Post-Print halshs-01328814, HAL.
    2. Thierry Kirat & Hai Vu Pham & André Torre, 2013. "Conflicts over public utility infrastructure in Ile-de-France: signal of imperfections in public decision-making process in French rural and periurban areas [Les conflits d’infrastructures en Ile d," Post-Print hal-01520533, HAL.

  52. Gollier, Christian, 2007. "Understanding Saving and Portfolio Choices with Predictable Changes in Assets Returns," IDEI Working Papers 430, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Nicolas Aubert & Guillaume Garnotel & André Lapied & Patrick Rousseau, 2014. "Employee ownership: A theoretical and empirical investigation of management entrenchment vs. reward management," Post-Print halshs-01256766, HAL.
    2. Nicolas Aubert & Benameur Hachmi & Guillaume Garnotel & Jean-Luc Prigent, 2018. "Optimal Employee Ownership Contracts under Ambiguity Aversion," Post-Print halshs-01492391, HAL.
    3. AJ A. Bostian & Christoph Heinzel, 2016. "Consumption Smoothing and Precautionary Saving under Recursive Preferences," FOODSECURE Working papers 44, LEI Wageningen UR.
    4. Nicolas Aubert & Bernard Grand & André Lapied & Patrick Rousseau, 2009. "Is employee ownership so senseless," Finance, Presses universitaires de Grenoble, vol. 30(2), pages 5-29.
    5. Hun Seog, S. & Hong, Jimin, 2022. "Market insurance and endogenous saving with multiple loss states," The North American Journal of Economics and Finance, Elsevier, vol. 61(C).
    6. Bohdan Yu. Kyshakevych & Anatoliy K. Prykarpatsky & Denis Blackmore & Ivan P. Tverdokhlib, 2010. "Statistically Optimal Strategy Analysis of a Competing Portfolio Market with a Polyvariant Profit Function," Papers 1005.2661, arXiv.org.

  53. Gollier, Christian, 2007. "The Determinants of the Insurance Demand by Firms," IDEI Working Papers 468, Institut d'Économie Industrielle (IDEI), Toulouse.

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    1. Julien Hardelin & Sabine Lemoyne de Forges, 2009. "Raising capital in an insurance oligopoly market," Working Papers hal-00417573, HAL.
    2. Cordier, Jean, 2008. "Farm Risk Management Between Normal Business Risk and Climatic/Market Shocks," 108th Seminar, February 8-9, 2008, Warsaw, Poland 48105, European Association of Agricultural Economists.

  54. Gollier, Christian, 2007. "Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund," IDEI Working Papers 42, Institut d'Économie Industrielle (IDEI), Toulouse.

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    1. Bec, Frédérique & Gollier, Christian, 2014. "Cyclicality and term structure of Value-at-Risk within a threshold autoregression setup," IDEI Working Papers 835, Institut d'Économie Industrielle (IDEI), Toulouse.
    2. Bovenberg, A.L. & van Ewijk, C., 2011. "Private pensions in Europe," Other publications TiSEM 4ec06200-ad06-4e53-b02a-5, Tilburg University, School of Economics and Management.
    3. Ruß, Jochen & Schelling, Stefan, 2021. "Return smoothing in life insurance from a client perspective," Insurance: Mathematics and Economics, Elsevier, vol. 101(PA), pages 91-106.
    4. Hollanders, D.A., 2010. "The Political Economy of Intergenerational Risk Sharing," Other publications TiSEM 3c50ad85-2971-481e-9aa3-a, Tilburg University, School of Economics and Management.
    5. Marcel Lever & Ilja Boelaars & Ryanne Cox & Roel Mehlkopf, 2015. "The allocation of financial risks during the life cycle in individual and collective DC pension contracts," CPB Discussion Paper 317, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Pazdera, Jaroslav & Schumacher, Johannes M. & Werker, Bas J.M., 2016. "Cooperative investment in incomplete markets under financial fairness," Insurance: Mathematics and Economics, Elsevier, vol. 71(C), pages 394-406.
    7. Hollanders, D.A., 2010. "The Political Economy of Intergenerational Risk Sharing," Discussion Paper 2010-102, Tilburg University, Center for Economic Research.
    8. Boonen, Tim J. & De Waegenaere, Anja, 2017. "Intergenerational risk sharing in closing pension funds," Insurance: Mathematics and Economics, Elsevier, vol. 74(C), pages 20-30.
    9. Toshiki Tamai, 2023. "Social security, economic growth, and social welfare in an overlapping generation model with idiosyncratic TFP shock and heterogeneous workers," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(3), pages 1829-1862, July.
    10. Igor Fedotenkov, 2019. "Optimal asymmetric sector-specific labour taxation in an overlapping generations model," Journal of Economics, Springer, vol. 127(1), pages 1-18, June.
    11. Bovenberg, Lans & Nijman, Theo, 2015. "Personal Pensions with Risk Sharing, Affordable, Adequate and Stable Private Pensions in Europe," Other publications TiSEM 847e1615-acc8-4a4d-ac4c-5, Tilburg University, School of Economics and Management.
    12. Beetsma, Roel & Romp, Ward, 2013. "Participation Constraints in Pension Systems," CEPR Discussion Papers 9656, C.E.P.R. Discussion Papers.
    13. He, Lin & Liang, Zongxia & Yuan, Fengyi, 2020. "Optimal DB-PAYGO pension management towards a habitual contribution rate," Insurance: Mathematics and Economics, Elsevier, vol. 94(C), pages 125-141.
    14. Gosse A.G. Alserda & Jacob A. Bikker & Fieke S.G. Van Der Lecq, 2018. "X-efficiency and economies of scale in pension fund administration and investment," Applied Economics, Taylor & Francis Journals, vol. 50(48), pages 5164-5188, October.
    15. Javed I. Ahmed & Brad M. Barber & Terrance Odean, 2013. "Made poorer by choice: worker outcomes in Social Security v. private retirement accounts," Finance and Economics Discussion Series 2013-23, Board of Governors of the Federal Reserve System (U.S.).
    16. Chen, Damiaan H.J. & Beetsma, Roel M.W.J. & Broeders, Dirk W.G.A. & Pelsser, Antoon A.J., 2017. "Sustainability of participation in collective pension schemes: An option pricing approach," Insurance: Mathematics and Economics, Elsevier, vol. 74(C), pages 182-196.
    17. Broeders, Dirk & Chen, An & Koos, Birgit, 2011. "A utility-based comparison of pension funds and life insurance companies under regulatory constraints," Insurance: Mathematics and Economics, Elsevier, vol. 49(1), pages 1-10, July.
    18. Goecke, Oskar, 2013. "Pension saving schemes with return smoothing mechanism," Insurance: Mathematics and Economics, Elsevier, vol. 53(3), pages 678-689.
    19. Chen, Damiaan H. J. & Beetsma, Roel M. W. J. & Ponds, Eduard H. M. & Romp, Ward E., 2016. "Intergenerational risk-sharing through funded pensions and public debt," Journal of Pension Economics and Finance, Cambridge University Press, vol. 15(2), pages 127-159, April.
    20. Catherine Donnelly, 2017. "A Discussion of a Risk-Sharing Pension Plan," Risks, MDPI, vol. 5(1), pages 1-20, February.
    21. Noël Bonneuil, 2013. "Early Warning to Insolvency in the Pension Fund: The French Case," Risks, MDPI, vol. 1(1), pages 1-13, January.
    22. victor Lyonnet, 2018. "Asset-liability management in life insurance: Evidence from France," Working Papers 2018-12, Center for Research in Economics and Statistics.
    23. Hippolyte d'Albis & Johanna Etner, 2013. "Illiquid Life Annuities," Working Papers hal-04141183, HAL.
    24. Roel Beetsma & Ward Romp & Siert J. Vos, 2011. "Voluntary Participation and Intergenerational Risk Sharing in a Funded Pension System," Tinbergen Institute Discussion Papers 11-056/2/DSF19, Tinbergen Institute.
    25. Ben Backes & Ben Backes & Dan Goldhaberb & Cyrus Grout & Cory Koedel & Shawn Ni & Michael Podgursky & P. Brett Xiang & Zeyu Xu, 2015. "Benefit or Burden? On the Intergenerational Inequity of Teacher Pension Plans," Working Papers 1517, Department of Economics, University of Missouri, revised Apr 2016.
    26. Wang, Suxin & Lu, Yi & Sanders, Barbara, 2018. "Optimal investment strategies and intergenerational risk sharing for target benefit pension plans," Insurance: Mathematics and Economics, Elsevier, vol. 80(C), pages 1-14.
    27. Miles, David & McCarthy, David, 2007. "Optimal Portfolio Allocation for Corporate Pension Funds," CEPR Discussion Papers 6394, C.E.P.R. Discussion Papers.
    28. Luuk Metselaar & Peter Zwaneveld & Casper Ewijk, 2022. "Reforming Occupational Pensions in the Netherlands: Contract and Intergenerational Aspects," De Economist, Springer, vol. 170(1), pages 7-36, February.
    29. Kleinow, Torsten & Schumacher, Hans, 2016. "Financial fairness and conditional indexation," Other publications TiSEM 8beebbc8-47f4-4063-a099-e, Tilburg University, School of Economics and Management.
    30. De Menil, Georges & Murtin, Fabrice & Sheshinski, Eytan & Yokossi, Tite, 2016. "A rational, economic model of paygo tax rates," European Economic Review, Elsevier, vol. 89(C), pages 55-72.
    31. Johan Hombert & Victor Lyonnet, 2022. "Can Risk Be Shared across Investor Cohorts? Evidence from a Popular Savings Product," The Review of Financial Studies, Society for Financial Studies, vol. 35(12), pages 5387-5437.
    32. Bao, Hailong & Ponds, Eduard & Schumacher, Hans, 2015. "Multi-Period Risk Sharing under Financial Fairness," Other publications TiSEM 835f69a4-709c-4967-b15c-6, Tilburg University, School of Economics and Management.
    33. Moriggia, Vittorio & Kopa, Miloš & Vitali, Sebastiano, 2019. "Pension fund management with hedging derivatives, stochastic dominance and nodal contamination," Omega, Elsevier, vol. 87(C), pages 127-141.
    34. Zhao, Hui & Wang, Suxin, 2022. "Optimal investment and benefit adjustment problem for a target benefit pension plan with Cobb-Douglas utility and Epstein-Zin recursive utility," European Journal of Operational Research, Elsevier, vol. 301(3), pages 1166-1180.
    35. Daniel Dimitrov, 2022. "Intergenerational Risk Sharing with Market Liquidity Risk," Tinbergen Institute Discussion Papers 22-028/VI, Tinbergen Institute.
    36. J. Atsu Amegashie & Bazoumana Ouattara & Eric Strobl, 2007. "Moral Hazard and the Composition of Transfers: Theory with an Application to Foreign Aid," Working Papers 0702, University of Guelph, Department of Economics and Finance.
    37. Gabay, Daniel & Grasselli, Martino, 2012. "Fair demographic risk sharing in defined contribution pension systems," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 657-669.
    38. Molenaar, R. & Ponds, E.H.M., 2011. "Risk Sharing and Individual Lifecycle Investing in Funded Collective Pensions," Other publications TiSEM b036a69d-317f-41c5-9581-f, Tilburg University, School of Economics and Management.
    39. Hoevenaars, J. & Ponds, E.H.M., 2008. "Valuation of intergenerational transfers in collective funded pension schemes," Other publications TiSEM 2c1afa01-df29-490e-bc52-8, Tilburg University, School of Economics and Management.
    40. Servaas Bilsen & Roel J. Mehlkopf & Stephan Stalborch, 2022. "Intergenerational Transfers in the New Dutch Pension Contract," De Economist, Springer, vol. 170(1), pages 37-67, February.
    41. Goecke, Oskar, 2022. "Collective defined contribution plans: Backtesting based on German capital market data 1950-2022," Forschung am ivwKöln 4/2022, Technische Hochschule Köln – University of Applied Sciences, Institute for Insurance Studies.
    42. Pim B. Kastelein & Ward E. Romp, 2018. "Pension Fund Restoration Policy In General Equilibrium," Tinbergen Institute Discussion Papers 18-053/VI, Tinbergen Institute, revised 06 Jul 2018.
    43. Nick Draper & Casper Ewijk & Marcel Lever & Roel Mehlkopf, 2014. "Stochastic Generational Accounting Applied to Reforms of Dutch Occupational Pensions," De Economist, Springer, vol. 162(3), pages 287-307, September.
    44. Mehlkopf, R.J., 2011. "Risk sharing with the unborn," Other publications TiSEM fe8a8df6-455f-4624-af10-9, Tilburg University, School of Economics and Management.
    45. Kurtbegu, Enareta, 2018. "Replicating intergenerational longevity risk sharing in collective defined contribution pension plans using financial markets," Insurance: Mathematics and Economics, Elsevier, vol. 78(C), pages 286-300.
    46. Michael Falkenheim, 2021. "Governmental Risk Taking Under Market Imperfections: Working Paper 2021-07," Working Papers 57255, Congressional Budget Office.
    47. Jan Bonenkamp, 2009. "Measuring Lifetime Redistribution in Dutch Occupational Pensions," De Economist, Springer, vol. 157(1), pages 49-77, March.
    48. Pazdera, Jaroslav & Schumacher, Johannes M. & Werker, Bas J.M., 2017. "The composite iteration algorithm for finding efficient and financially fair risk-sharing rules," Journal of Mathematical Economics, Elsevier, vol. 72(C), pages 122-133.
    49. Broeders, Dirk & Mehlkopf, Roel & van Ool, Annick, 2021. "The economics of sharing macro-longevity risk," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 440-458.
    50. Romp, Ward & Beetsma, Roel, 2020. "Sustainability of pension systems with voluntary participation," Insurance: Mathematics and Economics, Elsevier, vol. 93(C), pages 125-140.
    51. Nijman, Theo E & Bovenberg, Lans, 2015. "Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe," CEPR Discussion Papers 10538, C.E.P.R. Discussion Papers.
    52. Bégin, Jean-François, 2020. "Levelling the playing field: A VIX-linked structure for funded pension schemes," Insurance: Mathematics and Economics, Elsevier, vol. 94(C), pages 58-78.
    53. Peter A. Diamond, 2018. "The Future Of Social Security," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 661-681, April.
    54. Lijian Wang & Daniel Béland, 2014. "Assessing the Financial Sustainability of China’s Rural Pension System," Sustainability, MDPI, vol. 6(6), pages 1-20, May.
    55. Dreassi, Alberto & Miani, Stefano & Paltrinieri, Andrea, 2017. "Sovereign pension and social security reserve funds: A portfolio analysis," Global Finance Journal, Elsevier, vol. 34(C), pages 43-53.
    56. Thomas Url, 2015. "Altersvorsorgesysteme in Europa," WIFO Studies, WIFO, number 57913, February.
    57. Goecke, Oskar, 2011. "Sparprozesse mit kollektivem Risikoausgleich," Forschung am ivwKöln 1/2011, Technische Hochschule Köln – University of Applied Sciences, Institute for Insurance Studies.
    58. Garcia Huitron, Manuel & Ponds, Eduard, 2016. "Participation and Choice in Funded Pension Plans : Guidance for the Netherlands from Worldwide Diversity," Other publications TiSEM 5351a381-f866-4566-82d8-9, Tilburg University, School of Economics and Management.
    59. Wang, Suxin & Lu, Yi, 2019. "Optimal investment strategies and risk-sharing arrangements for a hybrid pension plan," Insurance: Mathematics and Economics, Elsevier, vol. 89(C), pages 46-62.
    60. An Chen & Motonobu Kanagawa & Fangyuan Zhang, 2021. "Intergenerational risk sharing in a Defined Contribution pension system: analysis with Bayesian optimization," Papers 2106.13644, arXiv.org, revised Mar 2023.
    61. Wang, Suxin & Rong, Ximin & Zhao, Hui, 2019. "Optimal investment and benefit payment strategy under loss aversion for target benefit pension plans," Applied Mathematics and Computation, Elsevier, vol. 346(C), pages 205-218.
    62. Hoevenaars, Roy P.M.M. & Ponds, Eduard H.M., 2008. "Valuation of intergenerational transfers in funded collective pension schemes," Insurance: Mathematics and Economics, Elsevier, vol. 42(2), pages 578-593, April.
    63. Robert Novy-Marx & Joshua D. Rauh, 2009. "The Liabilities and Risks of State-Sponsored Pension Plans," Journal of Economic Perspectives, American Economic Association, vol. 23(4), pages 191-210, Fall.
    64. Ed Westerhout & Jan Bonenkamp & Peter Broer, 2014. "Collective versus Individual Pension Schemes: a Welfare-Theoretical Perspective," CPB Discussion Paper 287, CPB Netherlands Bureau for Economic Policy Analysis.
    65. Sebastiano Vitali & Vittorio Moriggia, 2021. "Pension fund management with investment certificates and stochastic dominance," Annals of Operations Research, Springer, vol. 299(1), pages 273-292, April.
    66. Alserda, G.A.G. & Steenbeek, O.W. & van der Lecq, S.G., 2017. "The Occurrence and Impact of Pension Fund Discontinuity," ERIM Report Series Research in Management ERS-2017-008-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    67. Beetsma, R. & Romp, W., 2016. "Intergenerational Risk Sharing," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 311-380, Elsevier.
    68. Cui, J. & Ponds, E.H.M., 2010. "Can internal swap markets enhance welfare in defined contribution plans?," Other publications TiSEM 09cd56cd-3c3b-4c8c-9b93-a, Tilburg University, School of Economics and Management.

  55. Bec, Frédérique & Gollier, Christian, 2006. "Assets Returns Volatility and Investment Horizon: The French Case," IDEI Working Papers 467, Institut d'Économie Industrielle (IDEI), Toulouse, revised 30 Nov 2008.

    Cited by:

    1. Spaenjers, Christophe & Spira, Sven Michael, 2015. "Subjective life horizon and portfolio choice," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 94-106.
    2. Thomas Url, 2009. "Die volkswirtschaftliche Rolle von Investmentfonds und die Ertragschancen langfristiger Aktienveranlagungen," WIFO Studies, WIFO, number 37583, February.
    3. Gollier, C., 2015. "Long-term savings: the case of life insurance in France," Financial Stability Review, Banque de France, issue 19, pages 129-136, April.
    4. Fischer, Katharina & Schlütter, Sebastian, 2012. "Optimal investment strategies for insurance companies in the presence of standardised capital requirements," ICIR Working Paper Series 09/12, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
    5. Liu, Qiang & Xiang, Yun & Zhao, Yonghong, 2019. "An outperforming investment strategy under fractional Brownian motion," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 505-515.

  56. Gollier, Christian, 2006. "An Evaluation of Stern's Report on the Economics of Climate Change," IDEI Working Papers 464, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Belgodere, Antoine, 2010. "Climate change: discount or not? future generations don't care that much," MPRA Paper 27358, University Library of Munich, Germany.
    2. Pedro Conceição & Yanchun Zhang, 2010. "Discounting in the context of climate change economics: the policy implications of uncertainty and global asymmetries," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 12(1), pages 31-57, June.
    3. Xiao, Yi-bin & Fu, Xiaowen & Ng, Adolf K.Y. & Zhang, Anming, 2015. "Port investments on coastal and marine disasters prevention: Economic modeling and implications," Transportation Research Part B: Methodological, Elsevier, vol. 78(C), pages 202-221.
    4. Groom, Ben & Maddison, David, 2018. "New estimates of the elasticity of marginal utility for the UK," LSE Research Online Documents on Economics 87526, London School of Economics and Political Science, LSE Library.
    5. Smith, Kathryn, 2009. "Saving the World but Saving Too Much? Time Preference and Productivity in Climate Policy Modelling," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47619, Australian Agricultural and Resource Economics Society.

  57. Gollier, Christian & Muermann, Alexander, 2006. "Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment," IDEI Working Papers 462, Institut d'Économie Industrielle (IDEI), Toulouse, revised 2009.

    Cited by:

    1. Petrishcheva, Vasilisa, 2023. "Willful Ignorance and Reference Dependence of Self-Image Concerns," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277591, Verein für Socialpolitik / German Economic Association.
    2. Elyès Jouini & Selima Ben Mansour & Clotilde Napp & Jean-Michel Marin & Christian P. Robert, 2008. "Are Risk Averse Agents More Optimistic? A Bayesian Estimation Approach," Post-Print halshs-00176629, HAL.
    3. Liang Guo, 2020. "Anticipatory Consumptions," Management Science, INFORMS, vol. 66(8), pages 3717-3734, August.
    4. Elyès Jouini & Clotilde Napp, 2018. "The Impact of Health-Related Emotions on Belief Formation and Behavior," Theory and Decision, Springer, vol. 84(3), pages 405-427, May.
    5. Yingmei Tang & Huifang Cai & Rongmao Liu, 2022. "Will marketing strategies affect farmers’ preferences and willingness to pay for catastrophe insurance? Evidence from a choice experiment in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1376-1389, January.
    6. Elyes Jouini & Clotilde Napp, 2015. "Subjective expectations and medical testing," Post-Print halshs-01250242, HAL.
    7. Charles F. Manski, 2018. "Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise," NBER Macroeconomics Annual, University of Chicago Press, vol. 32(1), pages 411-471.
    8. Klaus Wälde, 2016. "Emotion Research in Economics," CESifo Working Paper Series 5982, CESifo.
    9. Paul Frijters & Gigi Foster & David W. Johnston, 2012. "The triumph of hope over regret: A note on the utility value of good health expectations," Discussion Papers Series 451, School of Economics, University of Queensland, Australia.
    10. Elyès Jouini & Paul Karehnke & Clotilde Napp, 2014. "On Portfolio Choice with Savoring and Disappointment," Management Science, INFORMS, vol. 60(3), pages 796-804, March.
    11. Huck, Steffen & Szech, Nora & Wenner, Lukas M., 2017. "More effort with less pay: On information avoidance, optimistic beliefs, and performance," Discussion Papers, Research Unit: Economics of Change SP II 2015-304r2, WZB Berlin Social Science Center, revised 2017.
    12. Koster, Paul & Peer, Stefanie & Dekker, Thijs, 2015. "Memory, expectation formation and scheduling choices," Economics of Transportation, Elsevier, vol. 4(4), pages 256-265.
    13. Au, Pak Hung, 2016. "Price reaction and disagreement over public signal," Journal of Economic Behavior & Organization, Elsevier, vol. 130(C), pages 81-106.
    14. Jouini, Elyès & Karehnke, Paul & Napp, Clotilde, 2018. "Stereotypes, underconfidence and decision-making with an application to gender and math," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 34-45.
    15. Elyès Jouini & Clotilde Napp, 2008. "Are More Risk-Averse Agents More Optimistic? Insights from a Simple Rational Expectations Equilibrium Model," Post-Print halshs-00176630, HAL.
    16. Tianyang Wang & Robert G. Schwebach & Sriram V. Villupuram, 2022. "Reference point formation: Does the market whisper in the background?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(2), pages 384-421, June.
    17. Jacqueline Volkman-Wise, 2015. "Representativeness and managing catastrophe risk," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 267-290, December.
    18. Macera, Rosario, 2014. "Dynamic beliefs," Games and Economic Behavior, Elsevier, vol. 87(C), pages 1-18.
    19. De Meza, David & Reyniers, Diane J., 2023. "Insuring replaceable possessions," LSE Research Online Documents on Economics 117349, London School of Economics and Political Science, LSE Library.
    20. Emma Pleeging & Martijn Burger & Job Exel, 2021. "Hope Mediates the Relation between Income and Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 22(5), pages 2075-2102, June.
    21. Koch, Alexander K. & Nafziger, Julia, 2009. "Commitment to Self-Rewards," IZA Discussion Papers 4049, Institute of Labor Economics (IZA).
    22. Jiakun Zheng, 2020. "Optimal insurance design under narrow framing," Post-Print hal-04227370, HAL.
    23. Riehm, Tobias, 2022. "Motivated beliefs in auctions," ZEW Discussion Papers 22-062, ZEW - Leibniz Centre for European Economic Research.
    24. Johannes Maier & Clemens König, 2016. "A Model of Reference-Dependent Belief Updating," CESifo Working Paper Series 6156, CESifo.
    25. Bertoni, Marco & Brunello, Giorgio & Checchi, Daniele & Rocco, Lorenzo, 2021. "Where do I stand? Assessing researchers’ beliefs about their productivity," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 61-80.
    26. Zheng, Jiakun, 2020. "Optimal insurance design under narrow framing," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 596-607.
    27. Çavdar, Bahar & Erkip, Nesim, 2023. "Word-of-Mouth on Action: Analysis of Optimal Shipment Policy When Customers are Resentful," Omega, Elsevier, vol. 118(C).
    28. Foster, Gigi & Frijters, Paul, 2014. "The formation of expectations: Competing theories and new evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 53(C), pages 66-81.
    29. Rablen, Matthew D., 2019. "Foundations of the Rank-Dependent Probability Weighting Function," IZA Discussion Papers 12701, Institute of Labor Economics (IZA).

  58. Gollier, Christian & Muermann, Alexander, 2006. "Optimal choice and beliefs with ex ante savoring and ex post disappointment," CFS Working Paper Series 2006/28, Center for Financial Studies (CFS).

    Cited by:

    1. Petrishcheva, Vasilisa, 2023. "Willful Ignorance and Reference Dependence of Self-Image Concerns," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277591, Verein für Socialpolitik / German Economic Association.
    2. Elyès Jouini & Selima Ben Mansour & Clotilde Napp & Jean-Michel Marin & Christian P. Robert, 2008. "Are Risk Averse Agents More Optimistic? A Bayesian Estimation Approach," Post-Print halshs-00176629, HAL.
    3. Liang Guo, 2020. "Anticipatory Consumptions," Management Science, INFORMS, vol. 66(8), pages 3717-3734, August.
    4. Elyès Jouini & Clotilde Napp, 2018. "The Impact of Health-Related Emotions on Belief Formation and Behavior," Theory and Decision, Springer, vol. 84(3), pages 405-427, May.
    5. Yingmei Tang & Huifang Cai & Rongmao Liu, 2022. "Will marketing strategies affect farmers’ preferences and willingness to pay for catastrophe insurance? Evidence from a choice experiment in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1376-1389, January.
    6. Elyes Jouini & Clotilde Napp, 2015. "Subjective expectations and medical testing," Post-Print halshs-01250242, HAL.
    7. Charles F. Manski, 2018. "Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise," NBER Macroeconomics Annual, University of Chicago Press, vol. 32(1), pages 411-471.
    8. Klaus Wälde, 2016. "Emotion Research in Economics," CESifo Working Paper Series 5982, CESifo.
    9. Paul Frijters & Gigi Foster & David W. Johnston, 2012. "The triumph of hope over regret: A note on the utility value of good health expectations," Discussion Papers Series 451, School of Economics, University of Queensland, Australia.
    10. Elyès Jouini & Paul Karehnke & Clotilde Napp, 2014. "On Portfolio Choice with Savoring and Disappointment," Management Science, INFORMS, vol. 60(3), pages 796-804, March.
    11. Huck, Steffen & Szech, Nora & Wenner, Lukas M., 2017. "More effort with less pay: On information avoidance, optimistic beliefs, and performance," Discussion Papers, Research Unit: Economics of Change SP II 2015-304r2, WZB Berlin Social Science Center, revised 2017.
    12. Koster, Paul & Peer, Stefanie & Dekker, Thijs, 2015. "Memory, expectation formation and scheduling choices," Economics of Transportation, Elsevier, vol. 4(4), pages 256-265.
    13. Au, Pak Hung, 2016. "Price reaction and disagreement over public signal," Journal of Economic Behavior & Organization, Elsevier, vol. 130(C), pages 81-106.
    14. Jouini, Elyès & Karehnke, Paul & Napp, Clotilde, 2018. "Stereotypes, underconfidence and decision-making with an application to gender and math," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 34-45.
    15. Elyès Jouini & Clotilde Napp, 2008. "Are More Risk-Averse Agents More Optimistic? Insights from a Simple Rational Expectations Equilibrium Model," Post-Print halshs-00176630, HAL.
    16. Tianyang Wang & Robert G. Schwebach & Sriram V. Villupuram, 2022. "Reference point formation: Does the market whisper in the background?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(2), pages 384-421, June.
    17. Jacqueline Volkman-Wise, 2015. "Representativeness and managing catastrophe risk," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 267-290, December.
    18. Macera, Rosario, 2014. "Dynamic beliefs," Games and Economic Behavior, Elsevier, vol. 87(C), pages 1-18.
    19. De Meza, David & Reyniers, Diane J., 2023. "Insuring replaceable possessions," LSE Research Online Documents on Economics 117349, London School of Economics and Political Science, LSE Library.
    20. Emma Pleeging & Martijn Burger & Job Exel, 2021. "Hope Mediates the Relation between Income and Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 22(5), pages 2075-2102, June.
    21. Koch, Alexander K. & Nafziger, Julia, 2009. "Commitment to Self-Rewards," IZA Discussion Papers 4049, Institute of Labor Economics (IZA).
    22. Jiakun Zheng, 2020. "Optimal insurance design under narrow framing," Post-Print hal-04227370, HAL.
    23. Riehm, Tobias, 2022. "Motivated beliefs in auctions," ZEW Discussion Papers 22-062, ZEW - Leibniz Centre for European Economic Research.
    24. Johannes Maier & Clemens König, 2016. "A Model of Reference-Dependent Belief Updating," CESifo Working Paper Series 6156, CESifo.
    25. Bertoni, Marco & Brunello, Giorgio & Checchi, Daniele & Rocco, Lorenzo, 2021. "Where do I stand? Assessing researchers’ beliefs about their productivity," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 61-80.
    26. Zheng, Jiakun, 2020. "Optimal insurance design under narrow framing," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 596-607.
    27. Çavdar, Bahar & Erkip, Nesim, 2023. "Word-of-Mouth on Action: Analysis of Optimal Shipment Policy When Customers are Resentful," Omega, Elsevier, vol. 118(C).
    28. Foster, Gigi & Frijters, Paul, 2014. "The formation of expectations: Competing theories and new evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 53(C), pages 66-81.
    29. Rablen, Matthew D., 2019. "Foundations of the Rank-Dependent Probability Weighting Function," IZA Discussion Papers 12701, Institute of Labor Economics (IZA).

  59. GOLLIER Christian & MUERMANN Alexander, 2006. "Optimal choice and beliefs with ex ante savoring ex post disappointment," LERNA Working Papers 06.18.211, LERNA, University of Toulouse.

    Cited by:

    1. Elyès Jouini & Selima Ben Mansour & Clotilde Napp & Jean-Michel Marin & Christian P. Robert, 2008. "Are Risk Averse Agents More Optimistic? A Bayesian Estimation Approach," Post-Print halshs-00176629, HAL.
    2. Elyès Jouini & Clotilde Napp, 2008. "Are More Risk-Averse Agents More Optimistic? Insights from a Simple Rational Expectations Equilibrium Model," Post-Print halshs-00176630, HAL.
    3. Koch, Alexander K. & Nafziger, Julia, 2009. "Commitment to Self-Rewards," IZA Discussion Papers 4049, Institute of Labor Economics (IZA).

  60. L. Eeckhoudt & C. Gollier & H. Schlesinger, 2005. "Economic and financial decisions under risk," Post-Print hal-00325882, HAL.

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    1. Eugenio Figueroa B. & Roberto Pasten C., 2012. "Income and the pollution path: Update and extensions," Working Papers wp369, University of Chile, Department of Economics.
    2. Aase, Knut K., 2020. "Elements of economics of uncertainty and time with recursive utility," Discussion Papers 2020/13, Norwegian School of Economics, Department of Business and Management Science.
    3. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    4. Drechsler, Martin, 2021. "On the cost-effective temporal allocation of credits in conservation offsets when habitat restoration takes takes time and is uncertain," MPRA Paper 108209, University Library of Munich, Germany.
    5. Marielle Brunette & Stéphane Couture, 2014. "Risk management activities of a non-industrial private forest owner with a bivariate utility function," Working Papers - Cahiers du LEF 2014-01, Laboratoire d'Economie Forestiere, AgroParisTech-INRA, revised Jan 2014.
    6. Biffis, Enrico & Blake, David, 2010. "Securitizing and tranching longevity exposures," Insurance: Mathematics and Economics, Elsevier, vol. 46(1), pages 186-197, February.
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    8. Farrow Scott & Larson Douglas M., 2012. "News and Social Cost: The Case of Oil Spills and Distant Viewers," Journal of Benefit-Cost Analysis, De Gruyter, vol. 3(4), pages 1-24, December.
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    2. Dionne, Georges & Desjardins, Denise, 2022. "A re-examination of the U.S. insurance market’s capacity to pay catastrophe losses," Working Papers 22-2, HEC Montreal, Canada Research Chair in Risk Management.
    3. Feduzi, Alberto & Runde, Jochen, 2011. "The uncertain foundations of the welfare state," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 613-627.
    4. W. J. W. Botzen & J. C. J. M. Van Den Bergh, 2008. "Insurance Against Climate Change and Flooding in the Netherlands: Present, Future, and Comparison with Other Countries," Risk Analysis, John Wiley & Sons, vol. 28(2), pages 413-426, April.
    5. Mario Jametti & Thomas von Ungern-Sternberg, 2006. "Risk Selection in Natural Disaster Insurance - the Case of France," Working Papers 2006_1, York University, Department of Economics.
    6. Johannes Emmerling, 2018. "Sharing Of Climate Risks Across World Regions," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-19, August.
    7. Qihao He & Michael Faure & Chengwei Liu, 2023. "The possibilities and limits of insurance as governance in insuring pandemics," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(3), pages 641-668, July.
    8. Matthias Schmidt & Hermann Held & Elmar Kriegler & Alexander Lorenz, 2013. "Climate Policy Under Uncertain and Heterogeneous Climate Damages," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 79-99, January.
    9. Michael G. Faure & Kristel De Smedt, 2019. "Compensation for victims of disasters: a task for Europe?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(4), pages 732-759, October.
    10. Véronique Bruggeman & Michael G. Faure & Miriam Haritz, 2008. "Schadensersatz für Opfer von Naturkatastrophen: ein Vergleich zwischen Belgien und den Niederlanden," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 77(4), pages 18-43.
    11. Zhu, Wenge, 2011. "Ambiguity aversion and an intertemporal equilibrium model of catastrophe-linked securities pricing," Insurance: Mathematics and Economics, Elsevier, vol. 49(1), pages 38-46, July.
    12. Rodrigo S. Targino & Gareth W. Peters & Georgy Sofronov & Pavel V. Shevchenko, 2013. "Optimal insurance purchase strategies via optimal multiple stopping times," Papers 1312.0424, arXiv.org.
    13. Thomas von Ungern-Sternberg, 2009. "Hurricane Insurance in Florida," Cahiers de Recherches Economiques du Département d'économie 09.01, Université de Lausanne, Faculté des HEC, Département d’économie.
    14. Perez-Maqueo, O. & Intralawan, A. & Martinez, M.L., 2007. "Coastal disasters from the perspective of ecological economics," Ecological Economics, Elsevier, vol. 63(2-3), pages 273-284, August.
    15. Yichun Chi & Jiakun Zheng & Shengchao Zhuang, 2022. "S-shaped narrow framing, skewness and the demand for insurance," Post-Print hal-04227435, HAL.
    16. Rodrigo S. Targino & Gareth W. Peters & Georgy Sofronov & Pavel V. Shevchenko, 2017. "Optimal Exercise Strategies for Operational Risk Insurance via Multiple Stopping Times," Methodology and Computing in Applied Probability, Springer, vol. 19(2), pages 487-518, June.
    17. Valente, Donatella & Miglietta, Pier Paolo & Porrini, Donatella & Pasimeni, Maria Rita & Zurlini, Giovanni & Petrosillo, Irene, 2019. "A first analysis on the need to integrate ecological aspects into financial insurance," Ecological Modelling, Elsevier, vol. 392(C), pages 117-127.
    18. Mario Jametti & Thomas von Ungern-Sternberg, 2010. "Risk Selection in Natural-Disaster Insurance," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 166(2), pages 344-364, June.

  62. Christian Gollier, 2005. "Optimal Illusions and Decisions under Risk," CESifo Working Paper Series 1382, CESifo.

    Cited by:

    1. Christian Gollier & Alexander Muermann, 2010. "Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment," Management Science, INFORMS, vol. 56(8), pages 1272-1284, August.
    2. Raphaël Giraud & Jean-Marc Tallon, 2011. "Are beliefs a matter of taste? A case for Objective Imprecise Information," Post-Print halshs-00502781, HAL.
    3. Markus K. Brunnermeier & Jonathan A. Parker, 2002. "Optimal Expectations," Working Papers 146, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
    4. Patrick Roger & Marie-Hélène Broihanne & Maxime Merli, 2012. "In search of positive skewness: the case of individual investors," Working Papers of LaRGE Research Center 2012-04, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    5. GOLLIER Christian & MUERMANN Alexander, 2006. "Optimal choice and beliefs with ex ante savoring ex post disappointment," LERNA Working Papers 06.18.211, LERNA, University of Toulouse.
    6. Gollier, Christian & Brunnermeier, Markus & Parker, Jonathan A, 2007. "Optimal Beliefs, Asset Prices and the Preference for Skewed Returns," CEPR Discussion Papers 6181, C.E.P.R. Discussion Papers.
    7. D’Hondt, Catherine & McGowan, Richard & Roger, Patrick, 2021. "Trading leveraged Exchange-Traded products is hazardous to your wealth," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 287-302.
    8. Marie-Hélène Broihanne & Maxime Merli & Patrick Roger, 2016. "Diversification, gambling and market forces," Review of Quantitative Finance and Accounting, Springer, vol. 47(1), pages 129-157, July.
    9. Ajay Singh Behl, 2010. "Children and labour supply," Applied Economics Letters, Taylor & Francis Journals, vol. 17(3), pages 251-255, February.
    10. Alem, Yonas & Colmer, Jonathan, 2014. "Optimal Expectations and the Welfare Cost of Climate Variability," RFF Working Paper Series dp-14-03-efd, Resources for the Future.
    11. M. Trojanowska & P. M. Kort, 2010. "The Worst Case for Real Options," Journal of Optimization Theory and Applications, Springer, vol. 146(3), pages 709-734, September.
    12. Iwaki, Hideki & Osaki, Yusuke, 2010. "Some properties of subjective probabilities induced by optimal expectations," Finance Research Letters, Elsevier, vol. 7(2), pages 98-102, June.

  63. Christian Gollier, 2005. "The Consumption-Based Determinants of the Term Structure of Discount Rates," CESifo Working Paper Series 1375, CESifo.

    Cited by:

    1. Christian Gollier & Phoebe Koundouri & Theologos Pantelidis, 2008. "Declining discount rates: Economic justifications and implications for long-run policy [‘Regime switches in interest rates’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(56), pages 758-795.
    2. Gollier, Christian, 2009. "Ecological Discounting," IDEI Working Papers 524, Institut d'Économie Industrielle (IDEI), Toulouse.
    3. GOLLIER Christian, 2008. "Expected net present value, expected net future value, and the Ramsey rule," LERNA Working Papers 08.29.273, LERNA, University of Toulouse.
    4. Ekaterini Panopoulou & B. Groom & P. Koundouri & Theologos Pantelidis, 2005. "Discounting the distant future: How much does model selection affect the certainty equivalent rate?," Economics Department Working Paper Series n1480105, Department of Economics, National University of Ireland - Maynooth.
    5. Shiller, Robert J. & Campbell, John Y. & Viceira, Luis Manuel, 2009. "Understanding Inflation-Indexed Bond Markets," Scholarly Articles 10885503, Harvard University Department of Economics.
    6. Campbell, John Y. & Sunderam, Adi & Viceira, Luis M., 2017. "Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds," Critical Finance Review, now publishers, vol. 6(2), pages 263-301, September.
    7. Gollier, Christian, 2008. "Discounting with Fat-Tailed Economic Growth," IDEI Working Papers 523, Institut d'Économie Industrielle (IDEI), Toulouse.
    8. Gollier, Christian, 2009. "Should We Discount the Far-Distant Future at Its Lowest Possible Rate?," Economics Discussion Papers 2009-7, Kiel Institute for the World Economy (IfW Kiel).

  64. Christian Gollier, 2005. "Optimal Portfolio Management for Individual Pension Plans," CESifo Working Paper Series 1394, CESifo.

    Cited by:

    1. Christian Gollier, 2007. "Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund," CESifo Working Paper Series 1969, CESifo.
    2. Lans Bovenberg & Theo Nijman, 2009. "Developments in pension reform: the case of Dutch stand-alone collective pension schemes," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 16(4), pages 443-467, August.
    3. Jaime Ruiz-Tagle, 2006. "Financial Markets Incompleteness and Inequality Over the Life-Cycle," Working Papers Central Bank of Chile 405, Central Bank of Chile.
    4. Ramon Moreno & Marjorie Santos, 2008. "Pension systems in EMEs: implications for capital flows and financial markets," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial globalisation and emerging market capital flows, volume 44, pages 45-69, Bank for International Settlements.

  65. L. Eeckhoudt & C. Gollier, 2005. "The impact of prudence on optimal prevention," Post-Print hal-00199781, HAL.

    Cited by:

    1. Ingmar Schumacher & Eric Strobl, 2008. "Economic development and losses due to natural disasters: the role of risk," Working Papers hal-00356286, HAL.
    2. Liqun Liu & Andrew Rettenmaier & Thomas Saving, 2009. "Conditional payments and self-protection," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 159-172, April.
    3. Courbage, Christophe & Rey, Béatrice, 2012. "Optimal prevention and other risks in a two-period model," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 213-217.
    4. Brunette, Marielle & Jacob, Julien, 2019. "Risk aversion, prudence and temperance: An experiment in gain and loss," Research in Economics, Elsevier, vol. 73(2), pages 174-189.
    5. Alain Chateauneuf & Ghizlane Lakhnati & Eric Langlais, 2016. "On the precautionary motive for savings and prudence in the rank-dependent utility framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(1), pages 169-182, January.
    6. DREZE, Jacques H. & SCHOKKAERT, Erik, 2013. "Arrow's theorem of the deductible: moral hazard and stop-loss in health insurance," LIDAM Reprints CORE 2522, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. Paan Jindapon & Christopher Whaley, 2015. "Risk lovers and the rent over-investment puzzle," Public Choice, Springer, vol. 164(1), pages 87-101, July.
    8. David Crainich & Louis R. Eeckhoudt & James K. Hammitt, 2014. "The value of risk reduction: new tools for an old problem," Post-Print hal-01533560, HAL.
    9. DE DONDER, Philippe & HINDRIKS, Jean, 2006. "Does propitious selection explain why riskier people buy less insurance?," LIDAM Discussion Papers CORE 2006032, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    10. Renaud Bourlès, 2008. "Moral Hazard In Dynamic Insurance Classification Risk And Prepayment," Working Papers halshs-00340830, HAL.
    11. Frederick Ploeg, 2010. "Political economy of prudent budgetary policy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 17(3), pages 295-314, June.
    12. Takehito Masuda & Eungik Lee, 2019. "Higher order risk attitudes and prevention under different timings of loss," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 197-215, March.
    13. Donatella Baiardi & Mario Menegatti, 2011. "Pigouvian tax, abatement policies and uncertainty on the environment," Journal of Economics, Springer, vol. 103(3), pages 221-251, July.
    14. Sebastian Ebert & Daniel Wiesen, 2011. "Testing for Prudence and Skewness Seeking," Management Science, INFORMS, vol. 57(7), pages 1334-1349, July.
    15. Goldzahl, Léontine, 2017. "Contributions of risk preference, time orientation and perceptions to breast cancer screening regularity," Social Science & Medicine, Elsevier, vol. 185(C), pages 147-157.
    16. Chuang, O-Chia & Eeckhoudt, Louis & Huang, Rachel J. & Tzeng, Larry Y., 2013. "Risky targets and effort," Insurance: Mathematics and Economics, Elsevier, vol. 52(3), pages 465-468.
    17. Frederick van der Ploeg, 2007. "Prudent Budgetary Policy: Political Economy of Precautionary Taxation," Economics Working Papers ECO2007/39, European University Institute.
    18. Mohamed Anouar Razgallah, 2004. "La demande de soins curatifs, l'auto-protection et l'auto-assurance," Post-Print halshs-00180131, HAL.
    19. Stefan Felder & Thomas Mayrhofer, 2018. "Threshold analysis in the presence of both the diagnostic and the therapeutic risk," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 19(7), pages 1019-1026, September.
    20. Sebastian Ebert & Daniel Wiesen, 2014. "Joint measurement of risk aversion, prudence, and temperance," Journal of Risk and Uncertainty, Springer, vol. 48(3), pages 231-252, June.
    21. Schneider, Sebastian O. & Sutter, Matthias, 2020. "Higher Order Risk Preferences: Experimental Measures, Determinants and Related Field Behavior," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224643, Verein für Socialpolitik / German Economic Association.
    22. Bar Light & Andres Perlroth, 2019. "The Family of Alpha,[a,b] Stochastic Orders: Risk vs. Expected Value," Papers 1908.06398, arXiv.org, revised Apr 2021.
    23. Berger, Loïc, 2015. "The Impact of Ambiguity Prudence on Insurance and Prevention," Climate Change and Sustainable Development 198893, Fondazione Eni Enrico Mattei (FEEM).
    24. Camille Cornand & Maria Alejandra Erazo Diaz & Béatrice Rey & Adam Zylbersztejn, 2023. "On the robustness of higher order attitudes to ambiguity framing," Working Papers hal-04316734, HAL.
    25. Donald Meyer & Jack Meyer, 2011. "A Diamond-Stiglitz approach to the demand for self-protection," Journal of Risk and Uncertainty, Springer, vol. 42(1), pages 45-60, February.
    26. Arthur Snow, 2011. "Ambiguity aversion and the propensities for self-insurance and self-protection," Journal of Risk and Uncertainty, Springer, vol. 42(1), pages 27-43, February.
    27. Pim Heijnen & Lammertjan Dam, 2019. "Catastrophe and Cooperation," Dynamic Games and Applications, Springer, vol. 9(1), pages 122-141, March.
    28. Dionne, Georges & Li, Jingyuan, 2011. "The impact of prudence on optimal prevention revisited," Economics Letters, Elsevier, vol. 113(2), pages 147-149.
    29. David Crainich & Louis Eeckhoudt & Mario Menegatti, 2016. "Changing risks and optimal effort," Post-Print hal-01533522, HAL.
    30. Tao Yuqing & Mei Jie & Cheng Wen & Zou Sijie, 2019. "Precautionaryriority Effort Investment under Cross Risk Aversion," Journal of Systems Science and Information, De Gruyter, vol. 7(4), pages 344-358, August.
    31. Alain Chateauneuf & Ghizlane Lakhnati & Eric Langlais, 2016. "On the precautionary motive for savings and prudence in the rank-dependent utility framework," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01302563, HAL.
    32. Marco Sahm, 2017. "Risk aversion and prudence in contests," Economics Bulletin, AccessEcon, vol. 37(2), pages 1122-1132.
    33. Liqun Liu & Nicolas Treich, 2021. "Optimality of winner-take-all contests: the role of attitudes toward risk," Post-Print hal-03722083, HAL.
    34. Xue, Minggao & Cheng, Wen, 2013. "Background risk, bivariate risk attitudes, and optimal prevention," Mathematical Social Sciences, Elsevier, vol. 66(3), pages 390-395.
    35. Johanna Etner & Meglena Jeleva & Natacha Raffin, 2021. "Climate policy: How to deal with ambiguity?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(1), pages 263-301, July.
    36. Haering, Alexander, 2021. "Framing decisions in experiments on higher-order risk preferences," Ruhr Economic Papers 913, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    37. Christophe Courbage & Richard Peter, 2021. "On the effect of uncertainty on personal vaccination decisions," Health Economics, John Wiley & Sons, Ltd., vol. 30(11), pages 2937-2942, November.
    38. CHIU, W. Henry & EECKHOUDT, Louis & REY, Béatrice, 2012. "On relative and partial risk attitudes: theory and implications," LIDAM Reprints CORE 2431, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    39. Loïc Berger & Valentina Bosetti, 2020. "Characterizing ambiguity attitudes using model uncertainty," Post-Print hal-03031502, HAL.
    40. Ebert, Sebastian, 2015. "On skewed risks in economic models and experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 85-97.
    41. Daniel Danau, 2017. "Prudence and preference for flexibility gain," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 2017-05, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS, revised Nov 2017.
    42. Johanna Etner & Meglena Jeleva, 2014. "Underestimation of probabilities modifications: characterization and economic implications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(2), pages 291-307, June.
    43. Menegatti, Mario, 2009. "Optimal prevention and prudence in a two-period model," Mathematical Social Sciences, Elsevier, vol. 58(3), pages 393-397, November.
    44. Marie-Cécile Fagart & Claude Fluet, 2012. "The First-Order Approach when the Cost of Effort is Money," Cahiers de recherche 1220, CIRPEE.
    45. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    46. Johanna Etner & Meglena Jeleva, 2012. "Underestimation of probability modifications: characterization and economic implications," EconomiX Working Papers 2012-33, University of Paris Nanterre, EconomiX.
    47. Irina Georgescu & Ana María Lucia Casademunt, 2018. "Optimal Prevention with Possibilistic and Mixed Background Risk," New Mathematics and Natural Computation (NMNC), World Scientific Publishing Co. Pte. Ltd., vol. 14(01), pages 21-35, March.
    48. David Crainich & Mario Menegatti, 2021. "Self-protection with random costs," Post-Print hal-03273664, HAL.
    49. Dionne, Georges & Lebeau, Martin, 2010. "Le calcul de la valeur statistique d’une vie humaine," L'Actualité Economique, Société Canadienne de Science Economique, vol. 86(4), pages 487-530, décembre.
    50. Richard Cornes & Roger Hartley, 2012. "Risk aversion in symmetric and asymmetric contests," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(2), pages 247-275, October.
    51. Ebert, Sebastian & Wiesen, Daniel, 2009. "An experimental methodology testing for prudence and third-order preferences," Bonn Econ Discussion Papers 21/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
    52. Hennessy, David A., 2012. "Prevention and Cure Efforts Both Substitute and Complement," Staff General Research Papers Archive 35014, Iowa State University, Department of Economics.
    53. Philippe Donder & Jean Hindriks, 2009. "Adverse selection, moral hazard and propitious selection," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 73-86, February.
    54. Olivier Rousse & Benoît Sévi, 2005. "Behavioral Heterogeneity in the US Sulfur Dioxide Emissions Allowance Trading Program," ERSA conference papers ersa05p550, European Regional Science Association.
    55. Kylymnyuk, Dmytro & Wagner, Alexander K., 2012. "Commitment through risk," Economics Letters, Elsevier, vol. 116(3), pages 295-297.
    56. Han (H.) Bleichrodt & Paul van Bruggen, 2018. "Reflection for higher order risk preferences," Tinbergen Institute Discussion Papers 18-079/I, Tinbergen Institute.
    57. Emmanuelle Augeraud-Véron & Marc Leandri, 2023. "Optimal self-protection and health risk perception: bridging the gap between risk theory and the Health Belief Model," Working Papers hal-04159826, HAL.
    58. Peter, Richard, 2017. "Optimal self-protection in two periods: On the role of endogenous saving," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 19-36.
    59. N. Naguez & J. L. Prigent, 2017. "Optimal portfolio positioning within generalized Johnson distributions," Quantitative Finance, Taylor & Francis Journals, vol. 17(7), pages 1037-1055, July.
    60. Treich, Nicolas, 2009. "Risk-Aversion and Prudence in Rent-Seeking Games," TSE Working Papers 09-013, Toulouse School of Economics (TSE).
    61. Mario Menegatti, 2018. "Prudence and Different Kinds of Prevention," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(2), pages 273-285, April.
    62. Christoph March & Marco Sahm, 2017. "Contests as Selection Mechanisms: The Impact of Risk Aversion," CESifo Working Paper Series 6587, CESifo.
    63. Thomas Eichner & Rüdiger Pethig, 2010. "Efficient Management of Insecure Fossil Fuel Imports through Taxing (!) Domestic Green Energy?," CESifo Working Paper Series 3062, CESifo.
    64. Gollier, Christian, 2007. "The Determinants of the Insurance Demand by Firms," IDEI Working Papers 468, Institut d'Économie Industrielle (IDEI), Toulouse.
    65. Louis Raymond Eeckhoudt & Elisa Pagani & Emanuela Rosazza Gianin, 2016. "Prudence, risk measures and the Optimized Certainty Equivalent: a note," Working Papers 07/2016, University of Verona, Department of Economics.
    66. Hofmann, Annette & Peter, Richard, 2012. "Self-insurance, self-protection, and increased risk aversion: An intertemporal reinvestigation," Working Papers on Risk and Insurance 26, University of Hamburg, Institute for Risk and Insurance.
    67. Maddalena Ferranna, 2017. "Does Inefficient Risk Sharing Increase Public Self-Protection?," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 59-85, March.
    68. Tony Beatton & Carly J. Moores & Dipanwita Sarkar & Jayanta Sarkar & Juliana Silva Goncalves & Helen A. Vidgen, 2021. "Do parental preferences predict engagement in child health programs?," Health Economics, John Wiley & Sons, Ltd., vol. 30(11), pages 2686-2700, November.
    69. Donald Meyer & Jack Meyer, 2010. "Excluded losses and the demand for insurance," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 1-18, August.
    70. Friedman, Daniel & Isaac, R. Mark & James, Duncan & Sunder, Shyam, 2014. "Risky Curves: On the Empirical Failure of Expected Utility," Santa Cruz Department of Economics, Working Paper Series qt87v8k86z, Department of Economics, UC Santa Cruz.
    71. Roosen, J. & Bieberstein, A. & Blanchemanche, S. & Goddard, E. & Marette, S. & Vandermoere, F., 2015. "Trust and willingness to pay for nanotechnology food," Food Policy, Elsevier, vol. 52(C), pages 75-83.
    72. Marzia De Donno & Mario Menegatti, 2020. "Some conditions for the equivalence between risk aversion, prudence and temperance," Theory and Decision, Springer, vol. 89(1), pages 39-60, July.
    73. Jimin Hong & Kyungsun Kim, 2021. "Self-insurance and saving under a two-argument utility framework," Journal of Economics, Springer, vol. 134(1), pages 73-94, September.
    74. David Crainich, 2019. "Effet des préférences individuelles sur la réussite à long terme des incitations financières à la réalisation d’objectifs de santé," Revue d'économie politique, Dalloz, vol. 129(4), pages 447-465.
    75. Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
    76. Philippe Bertrand & Jean-Luc Prigent, 2016. "Equilibrium of financial derivative markets under portfolio insurance constraints," Post-Print hal-01833070, HAL.
    77. Wang, Jianli & Wang, Hongxia & Yick, Ho Yin, 2019. "How do changes in risk and risk aversion affect self-protection with Selden/Kreps–Porteus preferences?," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 1-6.
    78. Johanna Etner & Sandrine Spaeter, 2010. "The impact of ambiguity on health prevention and insurance," Working Papers of BETA 2010-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    79. Rouviere, Elodie & Soubeyran, Raphael, 2012. "Small is Beautiful? Firm's Size, Prevention & Food Safety," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123410, Agricultural and Applied Economics Association.
    80. Han Bleichrodt, 2022. "The prevention puzzle," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(2), pages 277-297, September.
    81. Maddalena Ferranna, 2017. "Does Inefficient Risk Sharing Increase Public Self-Protection?," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 59-85, March.
    82. Menegatti, Mario, 2023. "Variability in punishment, risk preferences and crime deterrence," International Review of Law and Economics, Elsevier, vol. 75(C).
    83. Menegatti, Mario, 2014. "New results on the relationship among risk aversion, prudence and temperance," European Journal of Operational Research, Elsevier, vol. 232(3), pages 613-617.
    84. Mario Menegatti, 2012. "New results on optimal prevention of risk averse agents," Economics Bulletin, AccessEcon, vol. 32(3), pages 2166-2173.
    85. Timo R. Lambregts & Paul Bruggen & Han Bleichrodt, 2021. "Insurance decisions under nonperformance risk and ambiguity," Journal of Risk and Uncertainty, Springer, vol. 63(3), pages 229-253, December.
    86. Loïc Berger, 2011. "Does Ambiguity Aversion Raise the Optimal Level of Effort? A Two-Period Model," Working Papers ECARES ECARES 2011-021, ULB -- Universite Libre de Bruxelles.
    87. Jindapon, Paan, 2013. "Do risk lovers invest in self-protection?," Economics Letters, Elsevier, vol. 121(2), pages 290-293.
    88. Ayc{s}e Kocab{i}y{i}kou{g}lu & Ioana Popescu, 2007. "Managerial Motivation Dynamics and Incentives," Management Science, INFORMS, vol. 53(5), pages 834-848, May.
    89. Benoît Sévi & Fabrice Yafil, 2005. "A special case of self-protection: The choice of a lawyer," Economics Bulletin, AccessEcon, vol. 4(6), pages 1-8.
    90. Richard Peter, 2021. "Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1259-1281, June.
    91. Heinrich, Timo & Mayrhofer, Thomas, 2014. "Higher-order Risk Preferences in Social Settings - An Experimental Analysis," Ruhr Economic Papers 508, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    92. Eeckhoudt, Louis R. & Laeven, Roger J.A. & Schlesinger, Harris, 2020. "Risk apportionment: The dual story," Journal of Economic Theory, Elsevier, vol. 185(C).
    93. Mario Menegatti, 2021. "Subsidizing risk prevention," Journal of Economics, Springer, vol. 134(2), pages 175-193, October.
    94. Mayrhofer, Thomas & Schmitz, Hendrik, 2020. "Prudence and prevention: Empirical evidence," Ruhr Economic Papers 863, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    95. Nicos Scordis, 2011. "The Morality of Risk Modeling," Journal of Business Ethics, Springer, vol. 103(1), pages 7-16, April.
    96. Marco Sahm, 2017. "Risk Aversion and Prudence in Contests," CESifo Working Paper Series 6417, CESifo.
    97. Liqun Liu & Jack Meyer & Andrew J. Rettenmaier & Thomas R. Saving, 2018. "Risk and risk aversion effects in contests with contingent payments," Journal of Risk and Uncertainty, Springer, vol. 56(3), pages 289-305, June.
    98. Monica Galizzi, 2013. "On The Recurrence Of Occupational Injuries And Workers' Compensation Claims," Health Economics, John Wiley & Sons, Ltd., vol. 22(5), pages 582-599, May.
    99. Krieger, Miriam & Mayrhofer, Thomas, 2012. "Patient Preferences and Treatment Thresholds under Diagnostic Risk – An Economic Laboratory Experiment," Ruhr Economic Papers 321, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    100. Liqun Liu & William S. Neilson, 2019. "Alternative Approaches to Comparative n th-Degree Risk Aversion," Management Science, INFORMS, vol. 65(8), pages 3824-3834, August.
    101. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2019. "Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 42(1), pages 66-85.
    102. Richard Peter, 2021. "A fresh look at primary prevention for health risks," Health Economics, John Wiley & Sons, Ltd., vol. 30(5), pages 1247-1254, May.
    103. Menegatti, Mario & Rebessi, Filippo, 2011. "On the substitution between saving and prevention," Mathematical Social Sciences, Elsevier, vol. 62(3), pages 176-182.
    104. Jindapon, Paan & Yang, Zhe, 2017. "Risk attitudes and heterogeneity in simultaneous and sequential contests," Journal of Economic Behavior & Organization, Elsevier, vol. 138(C), pages 69-84.
    105. Christophe Courbage & Béatrice Rey, 2006. "Prudence and optimal prevention for health risks," Health Economics, John Wiley & Sons, Ltd., vol. 15(12), pages 1323-1327, December.
    106. James Huang & Richard Stapleton, 2017. "Higher-order risk vulnerability," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(2), pages 387-406, February.
    107. Annette Hofmann & Richard Peter, 2016. "Self-Insurance, Self-Protection, and Saving: On Consumption Smoothing and Risk Management," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(3), pages 719-734, September.
    108. Liqun Liu & Jack Meyer, 2017. "The Increasing Convex Order and the Trade–off of Size for Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 84(3), pages 881-897, September.
    109. Mohammed Anouar Razgallah, 2004. "La demande de soins curatifs, l'auto-protection et l'auto-assurance," Working Papers 0402, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    110. Mario Menegatti, 2021. "Risk aversion in two-period rent-seeking games," Public Choice, Springer, vol. 188(1), pages 269-287, July.
    111. P. Battiston & M. Menegatti, 2022. "Interaction in Prevention: A General Theory and an Application to COVID-19 Pandemic," Economics Department Working Papers 2022-EP02, Department of Economics, Parma University (Italy).
    112. Kalwij, Adriaan, 2023. "Risk preferences, preventive behaviour, and the probability of a loss: Empirical evidence from the COVID-19 pandemic," Social Science & Medicine, Elsevier, vol. 334(C).
    113. Jean-François Outreville, 2014. "The Meaning of Risk? Insights from The Geneva Risk and Insurance Review," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 39(4), pages 768-781, October.
    114. Liqun Liu & Jack Meyer, 2021. "Stochastic superiority," Journal of Risk and Uncertainty, Springer, vol. 62(3), pages 225-246, June.
    115. Mario Menegatti, 2014. "Optimal choice on prevention and cure: a new economic analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 15(4), pages 363-372, May.

  66. EECKHOUDT, Louis & GOLLIER, Christian & TREICH, Nicolas, 2005. "Optimal consumption and the timing of the resolution of uncertainty," LIDAM Reprints CORE 1792, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. LANGE Andreas & TREICH Nicolas, 2007. "Uncertainty, Learning and Ambiguity in Economic Models on Climate Policy: Some Classical Results and New Directions," LERNA Working Papers 07.16.237, LERNA, University of Toulouse.
    2. Francisco J. Gomes & Laurence J. Kotlikoff & Luis M. Viceira, 2007. "The Excess Burden of Government Indecision," NBER Working Papers 12859, National Bureau of Economic Research, Inc.
    3. Yonghong Jiang & Gengyu Tian & Yiqi Wu & Bin Mo, 2022. "Impacts of geopolitical risks and economic policy uncertainty on Chinese tourism‐listed company stock," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 320-333, January.
    4. Penghui Yin, 2018. "Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior," CESifo Working Paper Series 7413, CESifo.
    5. Salanié, François & Treich, Nicolas, 2009. "Option Value and Flexibility: A General Theorem with Applications," TSE Working Papers 09-002, Toulouse School of Economics (TSE).
    6. Violaine Tarizzo & Eric Tromeur & Olivier Thébaud & Richard Little & Sarah Jennings & Luc Doyen, 2018. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Cahiers du GREThA (2007-2019) 2018-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    7. Feigenbaum, James, 2011. "Precautionary saving or denied dissaving," Economic Modelling, Elsevier, vol. 28(4), pages 1559-1572, July.
    8. Ben Etheridge, 2015. "Precautionary Saving for Consecutive Income Risk," 2015 Meeting Papers 1202, Society for Economic Dynamics.
    9. Adler, Matthew & Treich, Nicolas, 2014. "Consumption, Risk and Prioritarianism," TSE Working Papers 14-500, Toulouse School of Economics (TSE).
    10. Michel de Lara, 2009. "Preferences Yielding the ``Precautionary Effect''," Working Papers hal-00406939, HAL.
    11. Freundt, Jana & Lange, Andreas, 2021. "On the voluntary provision of public goods under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
    12. Emmerling, Johannes, 2015. "Uncertainty and Natural Resources - Prudence Facing Doomsday," Climate Change and Sustainable Development 205459, Fondazione Eni Enrico Mattei (FEEM).
    13. Michel De Lara, 2009. "Preferences Yielding the "Precautionary Effect"," Papers 0907.4093, arXiv.org.
    14. Caliendo, Frank N. & Gorry, Aspen & Slavov, Sita, 2019. "The cost of uncertainty about the timing of Social Security reform," European Economic Review, Elsevier, vol. 118(C), pages 101-125.
    15. Adler, Matthew D. & Treich, Nicolas, 2017. "Utilitarianism, prioritarianism, and intergenerational equity: A cake eating model," Mathematical Social Sciences, Elsevier, vol. 87(C), pages 94-102.
    16. Johanna Etner, 2006. "A Note on the Relation between Risk Aversion, Intertemporal Substitution and Timing of the Resolution of Uncertainty," Annals of Economics and Finance, Society for AEF, vol. 7(2), pages 251-256, November.
    17. Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
    18. Dragouni, Mina & Filis, George & Gavriilidis, Konstantinos & Santamaria, Daniel, 2016. "Sentiment, mood and outbound tourism demand," Annals of Tourism Research, Elsevier, vol. 60(C), pages 80-96.
    19. Heinrich, Timo & Mayrhofer, Thomas, 2014. "Higher-order Risk Preferences in Social Settings - An Experimental Analysis," Ruhr Economic Papers 508, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    20. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2019. "Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 42(1), pages 66-85.
    21. Eric Tromeur & Luc Doyen & Violaine Tarizzo & L. Richard Little & Sarah Jennings & Olivier Thébaud, 2021. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Post-Print halshs-03913035, HAL.
    22. Francois Gourio, 2007. "Putty-Clay Technology And Stock Market Volatility," Boston University - Department of Economics - Working Papers Series WP2007-005, Boston University - Department of Economics.
    23. Feigenbaum, James, 2008. "Information shocks and precautionary saving," Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3917-3938, December.

  67. Gollier, Christian, 2005. "Does Flexibility Enhance Risk Tolerance?," IDEI Working Papers 390, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Nocetti, Diego C., 2013. "The LeChatelier principle for changes in risk," Journal of Mathematical Economics, Elsevier, vol. 49(6), pages 460-466.
    2. Daniel Danau, 2017. "Prudence and preference for flexibility gain," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 2017-05, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS, revised Nov 2017.
    3. Diego Nocetti & William T. Smith, 2011. "Precautionary Saving and Endogenous Labor Supply with and without Intertemporal Expected Utility," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1475-1504, October.
    4. Raj Chetty & Adam Szeidl, 2007. "Consumption Commitments and Risk Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(2), pages 831-877.

  68. Gollier, Christian, 2004. "Optimal Positive Thinking and Decisions under Risk," IDEI Working Papers 268, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Klaus Nehring, 2006. "Self-Control through Second-Order Preferences," Levine's Bibliography 321307000000000391, UCLA Department of Economics.

  69. Gollier, Christian, 2004. "Choice of Nuclear Power Investments under Price Uncertainty: Valuing Modularity," IDEI Working Papers 287, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Gérard Mondello, 2014. "Splitting Nuclear Parks or Not? The Third Party Liability Role," GREDEG Working Papers 2014-05, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Siddiqui, Afzal S. & Maribu, Karl, 2009. "Investment and upgrade in distributed generation under uncertainty," Energy Economics, Elsevier, vol. 31(1), pages 25-37, January.
    3. Amano, Y. & Ito, K. & Yoshida, S. & Matsuo, K. & Hashizume, T. & Favrat, D. & Maréchal, F., 2010. "Impact analysis of carbon tax on the renewal planning of energy supply system for an office building," Energy, Elsevier, vol. 35(2), pages 1040-1046.
    4. Fabien A Roques & William J. Nuttall & David M. Newbery & Richard de Neufville, 2005. "Nuclear Power: A Hedge against Uncertain Gas and Carbon Prices?," Working Papers EPRG 0509, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    5. Heinzel, Christoph, 2008. "Implications of diverging social and private discount rates for investments in the German power industry: a new case for nuclear energy?," Dresden Discussion Paper Series in Economics 03/08, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    6. Chronopoulos, Michail & Hagspiel, Verena & Fleten, Stein–Erik, 2015. "Stepwise Investment and Capacity Sizing under Uncertainty," Discussion Papers 2015/10, Norwegian School of Economics, Department of Business and Management Science.
    7. Zhang, M.M. & Zhou, P. & Zhou, D.Q., 2016. "A real options model for renewable energy investment with application to solar photovoltaic power generation in China," Energy Economics, Elsevier, vol. 59(C), pages 213-226.
    8. Monjas-Barroso, Manuel & Balibrea-Iniesta, José, 2013. "Valuation of projects for power generation with renewable energy: A comparative study based on real regulatory options," Energy Policy, Elsevier, vol. 55(C), pages 335-352.
    9. Zhang, Mingming & Zhou, Dequn & Zhou, Peng, 2014. "A real option model for renewable energy policy evaluation with application to solar PV power generation in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 944-955.
    10. Michel Berthélemy & Lina Escobar Rangel, 2013. "Nuclear reactors' construction costs: The role of lead-time, standardization and technological progress," Working Papers hal-00956292, HAL.
    11. Valeriya Azarova & Mathias Mier, 2021. "Investor Type Heterogeneity in Bottom-Up Optimization Models," ifo Working Paper Series 362, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    12. Michail Chronopoulos, Verena Hagspiel, and Stein-Erik Fleten, 2016. "Stepwise Green Investment under Policy Uncertainty," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    13. Andrea GAMBA & Nicola FUSARI, 2008. "Valuing modularity as a real option," Swiss Finance Institute Research Paper Series 08-20, Swiss Finance Institute.
    14. Gérard Mondello, 2011. "Civil Liability, Safety and Nuclear Parks: Is Concentrated Management Better?," Post-Print hal-00727252, HAL.
    15. Naito, Yuta & Takashima, Ryuta & Kimura, Hiroshi & Madarame, Haruki, 2010. "Evaluating replacement project of nuclear power plants under uncertainty," Energy Policy, Elsevier, vol. 38(3), pages 1321-1329, March.
    16. Barroso, Manuel Monjas & Iniesta, José Balibrea, 2014. "A valuation of wind power projects in Germany using real regulatory options," Energy, Elsevier, vol. 77(C), pages 422-433.
    17. Karine Fiore, 2004. "Irréversibilité Mixte et Modularité : une application à l’investissement électronucléaire," CAE Working Papers 17, Aix-Marseille Université, CERGAM.
    18. Lee, Amy H.I. & Chen, Hsing Hung & Kang, He-Yau, 2009. "Multi-criteria decision making on strategic selection of wind farms," Renewable Energy, Elsevier, vol. 34(1), pages 120-126.
    19. Roques, F.A. & Savva , N.S., 2006. "Price Cap Regulation and Investment Incentives under Demand Uncertainty," Cambridge Working Papers in Economics 0636, Faculty of Economics, University of Cambridge.
    20. Iyer, Gokul & Hultman, Nathan & Fetter, Steve & Kim, Son H., 2014. "Implications of small modular reactors for climate change mitigation," Energy Economics, Elsevier, vol. 45(C), pages 144-154.
    21. Bobtcheff, Catherine & Villeneuve, Stéphane, 2010. "Technology choice under several uncertainty sources," European Journal of Operational Research, Elsevier, vol. 206(3), pages 586-600, November.
    22. Kessides, Ioannis N., 2010. "Nuclear power: Understanding the economic risks and uncertainties," Energy Policy, Elsevier, vol. 38(8), pages 3849-3864, August.
    23. Madlener, Reinhard & Stoverink, Simon, 2010. "Power Plant Investments in the Turkish Electricity Sector: A Real Options Approach Taking into Account Market Liberalization," FCN Working Papers 21/2010, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Jul 2011.
    24. Siddiqui, Afzal & Fleten, Stein-Erik, 2010. "How to proceed with competing alternative energy technologies: A real options analysis," Energy Economics, Elsevier, vol. 32(4), pages 817-830, July.
    25. Siddiqui, Afzal & Takashima, Ryuta, 2012. "Capacity switching options under rivalry and uncertainty," European Journal of Operational Research, Elsevier, vol. 222(3), pages 583-595.
    26. Roques, Fabien A., 2008. "Technology choices for new entrants in liberalized markets: The value of operating flexibility and contractual arrangements," Utilities Policy, Elsevier, vol. 16(4), pages 245-253, December.
    27. Guo, Jian-Xin & Zhu, Kaiwei, 2021. "Implications for enterprise to adopt cleaner technology: From the perspective of energy market and commodity market," Research in International Business and Finance, Elsevier, vol. 57(C).
    28. Jain, Shashi & Roelofs, Ferry & Oosterlee, Cornelis W., 2013. "Valuing modular nuclear power plants in finite time decision horizon," Energy Economics, Elsevier, vol. 36(C), pages 625-636.
    29. Guy Liu & Liang Zhang & Eric Girardin, 2014. "The Chinese electricity industry: supply capacity and its determinants with reference to OECD countries," Post-Print hal-01474435, HAL.
    30. Penizzotto, F. & Pringles, R. & Olsina, F., 2019. "Real options valuation of photovoltaic power investments in existing buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
    31. Jos Balibrea-Iniesta & Antonio S nchez-Soli o & Antonio Lara-Galera, 2015. "Application of Real Options Theory to the Assessment of Public Incentives for Onshore Wind Energy Development in Spain," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 791-800.
    32. Chen, Hsing Hung & Kang, He-Yau & Lee, Amy H.I., 2010. "Strategic selection of suitable projects for hybrid solar-wind power generation systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 413-421, January.
    33. Chronopoulos, Michail & Siddiqui, Afzal, 2014. "When is it Better to Wait for a New Version? Optimal Replacement of an Emerging Technology under Uncertainty," Discussion Papers 2014/26, Norwegian School of Economics, Department of Business and Management Science.
    34. Jungmin An & Dong-Kwan Kim & Jinyeong Lee & Sung-Kwan Joo, 2021. "Least Squares Monte Carlo Simulation-Based Decision-Making Method for Photovoltaic Investment in Korea," Sustainability, MDPI, vol. 13(19), pages 1-14, September.
    35. Jain, Shashi & Roelofs, Ferry & Oosterlee, Cornelis W., 2014. "Decision-support tool for assessing future nuclear reactor generation portfolios," Energy Economics, Elsevier, vol. 44(C), pages 99-112.
    36. Balibrea-Iniesta, José & Rodríguez-Monroy, Carlos & Núñez-Guerrero, Yilsy María, 2021. "Economic analysis of the German regulation for electrical generation projects from biogas applying the theory of real options," Energy, Elsevier, vol. 231(C).
    37. Michail Chronopoulos & Afzal Siddiqui, 2015. "When is it better to wait for a new version? Optimal replacement of an emerging technology under uncertainty," Annals of Operations Research, Springer, vol. 235(1), pages 177-201, December.
    38. Alain Bensoussan & Benoît Chevalier‐Roignant & Alejandro Rivera, 2022. "A model for wind farm management with option interactions," Production and Operations Management, Production and Operations Management Society, vol. 31(7), pages 2853-2871, July.
    39. Fabianek, Paul & Glensk, Barbara & Madlener, Reinhard, 2021. "A Sequential Real Options Analysis for Renewable Power-to-Hydrogen Plants in Germany and California," FCN Working Papers 1/2021, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
    40. Hampe, Jona & Madlener, Reinhard, 2012. "Economics of High-Temperature Nuclear Reactors for Industrial Cogeneration," FCN Working Papers 10/2012, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
    41. Sendstad, Lars Hegnes & Chronopoulos, Michail, 2020. "Sequential investment in renewable energy technologies under policy uncertainty," Energy Policy, Elsevier, vol. 137(C).
    42. Pringles, Rolando & Olsina, Fernando & Garcés, Francisco, 2015. "Real option valuation of power transmission investments by stochastic simulation," Energy Economics, Elsevier, vol. 47(C), pages 215-226.
    43. Zhang, Mingming & Liu, Liyun & Wang, Qunwei & Zhou, Dequn, 2020. "Valuing investment decisions of renewable energy projects considering changing volatility," Energy Economics, Elsevier, vol. 92(C).
    44. Chen, Siyuan & Zhang, Qi & Wang, Ge & Zhu, Lijing & Li, Yan, 2018. "Investment strategy for underground gas storage facilities based on real option model considering gas market reform in China," Energy Economics, Elsevier, vol. 70(C), pages 132-142.
    45. Takashima, Ryuta & Goto, Makoto & Kimura, Hiroshi & Madarame, Haruki, 2008. "Entry into the electricity market: Uncertainty, competition, and mothballing options," Energy Economics, Elsevier, vol. 30(4), pages 1809-1830, July.
    46. Nikolaos Chalkiadakis & Emmanuel Stamatakis & Melina Varvayanni & Athanasios Stubos & Georgios Tzamalis & Theocharis Tsoutsos, 2023. "A New Path towards Sustainable Energy Transition: Techno-Economic Feasibility of a Complete Hybrid Small Modular Reactor/Hydrogen (SMR/H2) Energy System," Energies, MDPI, vol. 16(17), pages 1-20, August.
    47. Zhang, Ruixiaoxiao & Shimada, Koji & Ni, Meng & Shen, Geoffrey Q.P. & Wong, Johnny K.W., 2020. "Low or No subsidy? Proposing a regional power grid based wind power feed-in tariff benchmark price mechanism in China," Energy Policy, Elsevier, vol. 146(C).
    48. Sendstad, Lars Hegnes & Chronopoulos, Michail, 2016. "Sequential Investment in Emerging Technologies under Policy Uncertainty," Discussion Papers 2016/10, Norwegian School of Economics, Department of Business and Management Science.
    49. Michail Chronopoulos, Derek Bunn, and Afzal Siddiqui, 2014. "Optionality and Policymaking in Re-Transforming the British Power Market," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    50. Felipe Isaza Cuervo & Sergio Botero Boterob, 2014. "Aplicación de las opciones reales en la toma de decisiones en los mercados de electricidad," Estudios Gerenciales, Universidad Icesi, November.

  70. Gollier, Christian, 2003. "Maximizing the Expected Net Future Value as an Alternative Strategy to Gamma Discounting," IDEI Working Papers 213, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Hepburn, Cameron & Groom, Ben, 2007. "Gamma discounting and expected net future value," Journal of Environmental Economics and Management, Elsevier, vol. 53(1), pages 99-109, January.
    2. Traeger, Christian P., 2012. "What's the Rate? Disentangling the Weitzman and the Gollier Effect," CUDARE Working Papers 121932, University of California, Berkeley, Department of Agricultural and Resource Economics.
    3. Freeman, Mark C., 2009. "Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle," Economics Discussion Papers 2009-42, Kiel Institute for the World Economy (IfW Kiel).
    4. GOLLIER Christian, 2008. "Expected net present value, expected net future value, and the Ramsey rule," LERNA Working Papers 08.29.273, LERNA, University of Toulouse.
    5. Elyès Jouini & Clotilde Napp, 2008. "Aggregation of Discount Rates: an Equilibrium Approach," Working Papers halshs-00394035, HAL.
    6. Szekeres, Szabolcs, 2020. "Correcting the Error in Gamma Discounting," MPRA Paper 102232, University Library of Munich, Germany, revised 27 Jul 2020.
    7. Traeger, Christian P., 2013. "Discounting under uncertainty: Disentangling the Weitzman and the Gollier effect," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 573-582.
    8. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    9. Wolfgang Buchholz, 2014. "Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle," CESifo Working Paper Series 4967, CESifo.
    10. Szekeres, Szabolcs, 2016. "Testing Gollier and Weitzman’s Solution of the “Weitzman-Gollier Puzzle”," MPRA Paper 72593, University Library of Munich, Germany.
    11. Elyès Jouini & Clotilde Napp, 2014. "How to aggregate experts' discount rates: an equilibrium approach," Post-Print halshs-00927269, HAL.
    12. Fridstrøm, Lasse & Østli, Vegard, 2017. "The vehicle purchase tax as a climate policy instrument," Transportation Research Part A: Policy and Practice, Elsevier, vol. 96(C), pages 168-189.
    13. Mabrouk, Mohamed, 2006. "Allais-anonymity as an alternative to the discounted-sum criterion in the calculus of optimal growth I: Consensual optimality," MPRA Paper 10512, University Library of Munich, Germany.
    14. Broughel, James, 2017. "The Social Discount Rate: A Baseline Approach," Working Papers 06956, George Mason University, Mercatus Center.
    15. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    16. Gollier, Christian, 2008. "Discounting with Fat-Tailed Economic Growth," IDEI Working Papers 523, Institut d'Économie Industrielle (IDEI), Toulouse.
    17. Szekeres, Szabolcs, 2015. "When should the distant future not be discounted at increasing discount rates?," MPRA Paper 63437, University Library of Munich, Germany.
    18. Szekeres, Szabolcs, 2023. "The simple answer to the Social Discount Rate question," MPRA Paper 117843, University Library of Munich, Germany.
    19. Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
    20. Szekeres, Szabolcs, 2015. "The Mechanics of the Weitzman-Gollier Puzzles," MPRA Paper 64286, University Library of Munich, Germany.
    21. Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2007. "Implications of declining discount rates: Climate Change Policy in the UK," DEOS Working Papers 0702, Athens University of Economics and Business.
    22. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," Post-Print hal-01300594, HAL.
    23. Freeman, Mark C. & Groom, Ben, 2014. "Using equity premium survey data to estimate future wealth," LSE Research Online Documents on Economics 57161, London School of Economics and Political Science, LSE Library.
    24. Freeman, Mark C., 2010. "Yes, we should discount the far-distant future at its lowest possible rate: A resolution of the Weitzman-Gollier puzzle," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-21.
    25. Elyès Jouini & Jean-Michel Marin & Clotilde Napp, 2010. "Discounting and Divergence of Opinion," Post-Print halshs-00176636, HAL.
    26. Gollier, Christian & Weitzman, Martin L., 2009. "How Should the Distant Future be Discounted When Discount Rates are Uncertain?," TSE Working Papers 09-107, Toulouse School of Economics (TSE).
    27. Szekeres, Szabolcs, 2018. "Why expected discount factors yield incorrect expected present values," MPRA Paper 91187, University Library of Munich, Germany, revised 02 Jan 2019.
    28. Patrick Ilg & Silke Gabbert & Hans‐Peter Weikard, 2017. "Nuclear Waste Management under Approaching Disaster: A Comparison of Decommissioning Strategies for the German Repository Asse II," Risk Analysis, John Wiley & Sons, vol. 37(7), pages 1213-1232, July.
    29. Desheng Wu & Shuzhen Chen, 2017. "Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion," Risk Analysis, John Wiley & Sons, vol. 37(8), pages 1522-1531, August.
    30. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    31. Daniele Pennesi, 2017. "Uncertain discount and hyperbolic preferences," Theory and Decision, Springer, vol. 83(3), pages 315-336, October.
    32. Szekeres, Szabolcs, 2017. "Checking Gollier and Weitzman's solution of the "Weitzman-Gollier puzzle"," Economics Discussion Papers 2017-11, Kiel Institute for the World Economy (IfW Kiel).
    33. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    34. Riccardo Rebonato & Riccardo Ronzani & Lionel Melin, 2023. "Robust management of climate risk damages," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-43, September.
    35. Wolfgang Buchholz & Jan Schumacher, 2008. "Discounting the Long-Distant Future: A Simple Explanation for the Weitzman-Gollier-Puzzle," CESifo Working Paper Series 2357, CESifo.
    36. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    37. Gollier, Christian, 2009. "Should We Discount the Far-Distant Future at Its Lowest Possible Rate?," Economics Discussion Papers 2009-7, Kiel Institute for the World Economy (IfW Kiel).
    38. Christian Gollier, 2005. "Quel taux d actualisation pour quel avenir ?," Revue Française d'Économie, Programme National Persée, vol. 19(4), pages 59-81.
    39. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01300594, HAL.
    40. Szekeres, Szabolcs, 2024. "Resolving the Discounting Dilemma," MPRA Paper 120014, University Library of Munich, Germany.
    41. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
    42. Szekeres, Szabolcs, 2020. "The real solution of the Weitzman-Gollier Puzzle," MPRA Paper 102344, University Library of Munich, Germany.
    43. Traeger, Christian P., 2012. "What's the rate? Disentangling the Weitzman and the Gollier effect," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt88x3d1vw, Department of Agricultural & Resource Economics, UC Berkeley.
    44. Szekeres, Szabolcs, 2015. "Governments Should Not Use Declining Discount Rates in Project Analysis," MPRA Paper 63438, University Library of Munich, Germany.

  71. Gollier, Christian, 2003. "Optimal Dynamic Portfolio Risk with First-Order and Second-Order Predictability," IDEI Working Papers 250, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Hui Chen & Nengjiu Ju & Jianjun Miao, "undated". "Dynamic Asset Allocation with Ambiguous Return Predictability," Boston University - Department of Economics - Working Papers Series wp2009-015, Boston University - Department of Economics.
    2. Blake, David & Cairns, Andrew & Dowd, Kevin, 2008. "Turning pension plans into pension planes: What investment strategy designers of defined contribution pension plans can learn from commercial aircraft designers," MPRA Paper 33749, University Library of Munich, Germany.
    3. Edward Schlee & Christian Gollier, "undated". "Information and the Equity Premium," Working Papers 2133505, Department of Economics, W. P. Carey School of Business, Arizona State University.
    4. Gollier, Christian, 2007. "Assets Relative Risk for Long-term Investors," IDEI Working Papers 466, Institut d'Économie Industrielle (IDEI), Toulouse.
    5. Christian Gollier, 2005. "Optimal Portfolio Management for Individual Pension Plans," CESifo Working Paper Series 1394, CESifo.
    6. Gollier, Christian, 2007. "Understanding Saving and Portfolio Choices with Predictable Changes in Assets Returns," IDEI Working Papers 430, Institut d'Économie Industrielle (IDEI), Toulouse.

  72. Christian Gollier, 2003. "Collective Risk-Taking Decisions with Heterogeneous Beliefs," CESifo Working Paper Series 909, CESifo.

    Cited by:

    1. Christian Gollier & Richard Zeckhauser, 2003. "Collective Investment Decision Making with Heterogeneous Time Preferences," CESifo Working Paper Series 915, CESifo.
    2. Jouini, Elyes & Napp, Clotilde, 2006. "Heterogeneous beliefs and asset pricing in discrete time: An analysis of pessimism and doubt," Journal of Economic Dynamics and Control, Elsevier, vol. 30(7), pages 1233-1260, July.
    3. Christian Gollier, 2007. "Whom should we believe? Aggregation of heterogeneous beliefs," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 107-127, October.

  73. Gollier, Christian, 2003. "Who Should we Believe? Collective Risk-Taking Decisions with Heterogeneous Beliefs," IDEI Working Papers 201, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Christian Gollier & Richard Zeckhauser, 2003. "Collective Investment Decision Making with Heterogeneous Time Preferences," CESifo Working Paper Series 915, CESifo.
    2. Jouini, Elyes & Napp, Clotilde, 2006. "Heterogeneous beliefs and asset pricing in discrete time: An analysis of pessimism and doubt," Journal of Economic Dynamics and Control, Elsevier, vol. 30(7), pages 1233-1260, July.
    3. Laurent Calvet & Jean-Michel Grandmont & Isabelle Lemaire, 2004. "Aggregation oh Heterogeneous Beliefs, Asset Pricing and Risk Sharing in Complete Financial Markets," Working Papers 2004-12, Center for Research in Economics and Statistics.
    4. Christian Gollier, 2007. "Whom should we believe? Aggregation of heterogeneous beliefs," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 107-127, October.

  74. Christian Gollier & Richard Zeckhauser, 2003. "Collective Investment Decision Making with Heterogeneous Time Preferences," NBER Working Papers 9629, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2005. "Declining Discount Rates: The Long and the Short of it," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(4), pages 445-493, December.
    2. Penyalver, Domingo & Turró, Mateu & Zavala-Rojas, Diana, 2018. "Intergenerational perception of the utility of major transport projects," Research in Transportation Economics, Elsevier, vol. 70(C), pages 97-111.
    3. Mohammed Abdellaoui & Olivier l'Haridon & Corina Paraschiv, 2013. "Do Couples Discount Future Consequences Less than Individuals?," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201320, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.

  75. Gollier, Christian & Schlee, Edward, 2003. "Information and the Equity Premium," IDEI Working Papers 251, Institut d'Économie Industrielle (IDEI), Toulouse, revised 2011.

    Cited by:

    1. Kai-Yin Woo & Chulin Mai & Michael McAleer & Wing-Keung Wong, 2020. "Review on Efficiency and Anomalies in Stock Markets," Economies, MDPI, vol. 8(1), pages 1-51, March.
    2. Tarik Driouchi & Lenos Trigeorgis & Raymond H. Y. So, 2018. "Option implied ambiguity and its information content: Evidence from the subprime crisis," Annals of Operations Research, Springer, vol. 262(2), pages 463-491, March.
    3. Bellelah, M.A. & Bellelah, M.O. & Ben Ameur, H. & Ben Hafsia, R., 2017. "Does the equity premium puzzle persist during financial crisis? The case of the French equity market," Research in International Business and Finance, Elsevier, vol. 39(PB), pages 851-866.

  76. Gollier, Christian, 2002. "Optimal Prevention of Unknown Risks: A Dynamic Approach with Learning," IDEI Working Papers 139, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Marielle Brunette & Stéphane Couture & Éric E. Langlais, 2020. "Hedging strategies in forest management," Working Papers hal-01189403, HAL.
    2. Renaud Bourlès, 2008. "Moral Hazard In Dynamic Insurance Classification Risk And Prepayment," Working Papers halshs-00340830, HAL.
    3. Benoit, Jean-Pierre & Dubra, Juan, 2006. "The Problem of Prevention," Working Papers 06-01, C.V. Starr Center for Applied Economics, New York University.

  77. Luis Eeckhoudt & Christian Gollier & Giovanni Immordino, 2001. "How Diagnostic Tests Affect Prevention: a Cost-Benefit Analysis," CSEF Working Papers 53, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.

    Cited by:

    1. Giovanni Immordino, 2003. "Looking for a Guide to Protect the Environment: The Development of the Precautionary Principle," Journal of Economic Surveys, Wiley Blackwell, vol. 17(5), pages 629-644, December.
    2. Stéphane Mechoulan, 2006. "Risky Sexual Behavior, Testing and New HIV Treatments," Working Papers tecipa-239, University of Toronto, Department of Economics.

  78. Eeckhoudt, Louis & Gollier, Christian, 2001. "Are Independent Optimal Risks Substitutes?," IDEI Working Papers 128, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Binswanger, Johannes, 2007. "Risk management of pensions from the perspective of loss aversion," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 641-667, April.
    2. Luc Arrondel & Hector Calvo Pardo & Xisco Oliver, 2007. "Temperant portfolio choice and background risk: evidence from France," PSE Working Papers halshs-00588069, HAL.
    3. Ilia Tsetlin & Robert L. Winkler, 2005. "Risky Choices and Correlated Background Risk," Management Science, INFORMS, vol. 51(9), pages 1336-1345, September.

  79. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.

    Cited by:

    1. Dionne, Georges & Li, Jingyuan, 2014. "Comparative Ross risk aversion in the presence of mean dependent risks," Journal of Mathematical Economics, Elsevier, vol. 51(C), pages 128-135.
    2. Masamitsu Ohnishi & Yusuke Osaki, 2004. "The Comparative Statics of Equilibrium Derivative Prices," Discussion Papers in Economics and Business 04-19, Osaka University, Graduate School of Economics.
    3. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    4. Li, Jingyuan & Dionne, Georges, 2011. "A theoretical extension of the consumption-based CAPM model," Working Papers 10-8, HEC Montreal, Canada Research Chair in Risk Management.
    5. Georges Dionne & Jingyuan Li & Cedric Okou, 2012. "An Extension of the Consumption-based CAPM Model," Cahiers de recherche 1214, CIRPEE.
    6. Gollier, C. & Kimball, M.S., 1996. "New Methods in the Classical Economics of Uncertainty: Comparing Risks," Papers 96.412, Toulouse - GREMAQ.
    7. Osaki, Yusuke, 2007. "Risk and Derivative Price," Risk and Sustainable Management Group Working Papers 151179, University of Queensland, School of Economics.
    8. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.
    9. Dionne, Georges & Li, Jingyuan, 2014. "When can expected utility handle first-order risk aversion?," Working Papers 11-1, HEC Montreal, Canada Research Chair in Risk Management.
    10. Yoichiro Fujii & Yutaka Nakamura, 2010. "Equity premium under multiple background risks," Economics Bulletin, AccessEcon, vol. 30(2), pages 933-939.
    11. Elyès Jouini & Clotilde Napp, 2008. "On Abel's Concept of Doubt and Pessimism," Post-Print halshs-00176611, HAL.
    12. Jokung, Octave, 2013. "Monotonicity of asset price toward higher changes in risk," Economics Letters, Elsevier, vol. 118(1), pages 195-198.
    13. Pierre Chaigneau & Louis Eeckhoudt, 2015. "Downside Risk Neutral Probabilities," Cahiers de recherche 1521, CIRPEE.
    14. Burton Hollifield & Alan Kraus, "undated". "Defining bad news: Changes in return distribution that decrease risky asset demand," GSIA Working Papers 2007-E32, Carnegie Mellon University, Tepper School of Business.
    15. Octave Jokung & Sovan Mitra, 2019. "Asset Prices and Changes in Risk within a Bivariate Model," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 26(1), pages 47-60, March.
    16. Masamitsu Ohnishi & Yusuke Osaki, 2005. "The Monotonicity of Asset Prices with Changes in Risk," Discussion Papers in Economics and Business 05-14, Osaka University, Graduate School of Economics.

  80. C. Gollier & Bruno Jullien & Nicolas N. Treich, 2000. "Scientific progress and irreversibility : an economic interpretation of the Precautionary principle [[Progrès scientifique et irréversibilité : une interprétation économique du principe de précauti," Post-Print hal-02687900, HAL.

    Cited by:

    1. Barbier , Edward B., 2020. "From Limits to Growth to Planetary Boundaries: The Evolution of Economic Views on Natural Resource Scarcity," 2020 Conference (64th), February 12-14, 2020, Perth, Western Australia 305259, Australian Agricultural and Resource Economics Society.
    2. Bramoullé, Yann & Orset, Caroline, 2018. "Manufacturing doubt," Journal of Environmental Economics and Management, Elsevier, vol. 90(C), pages 119-133.
    3. Narain, Urvashi & Hanemann, W. Michael & Fisher, Anthony C., 2004. "The Temporal Resolution of Uncertainty and the Irreversibility Effect," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7nn328qg, Department of Agricultural & Resource Economics, UC Berkeley.
    4. Susanne Soretz, 2007. "Efficient Dynamic Pollution Taxation in an Uncertain Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 57-84, January.
    5. Erin Baker, 2012. "Option Value and the Diffusion of Energy Efficient Products," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    6. Pierre Chaigneau & Nicolas Sahuguet & Bernard Sinclair-Desgagné, 2017. "Prudence and the convexity of compensation contracts," Post-Print halshs-02292785, HAL.
    7. LANGE Andreas & TREICH Nicolas, 2007. "Uncertainty, Learning and Ambiguity in Economic Models on Climate Policy: Some Classical Results and New Directions," LERNA Working Papers 07.16.237, LERNA, University of Toulouse.
    8. Renaud Bourlès, 2008. "Moral Hazard In Dynamic Insurance Classification Risk And Prepayment," Working Papers halshs-00340830, HAL.
    9. Jaime DE MELO, 2016. "Moving on Towards a Workable Climate Regime," Working Papers P171, FERDI.
    10. Takehito Masuda & Eungik Lee, 2019. "Higher order risk attitudes and prevention under different timings of loss," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 197-215, March.
    11. Donatella Baiardi & Mario Menegatti, 2011. "Pigouvian tax, abatement policies and uncertainty on the environment," Journal of Economics, Springer, vol. 103(3), pages 221-251, July.
    12. Carole Bernard & Gero Junike & Thibaut Lux & Steven Vanduffel, 2022. "Cost-efficient Payoffs under Model Ambiguity," Papers 2207.02948, arXiv.org, revised Aug 2023.
    13. Lu Li & Richard Peter, 2021. "Should we do more when we know less? The effect of technology risk on optimal effort," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(3), pages 695-725, September.
    14. Christoph Bohringer & Heinz Welsch, 2006. "Burden sharing in a greenhouse: egalitarianism and sovereignty reconciled," Applied Economics, Taylor & Francis Journals, vol. 38(9), pages 981-996.
    15. van den Bergh, Jeroen C.J.M., 2008. "Optimal diversity: Increasing returns versus recombinant innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 68(3-4), pages 565-580, December.
    16. Olivier Godard, 2003. "Le principe de précaution comme norme de l'action publique ou la proportionnalité en question," Working Papers hal-00242985, HAL.
    17. Simon Dietz & Samuel Fankhauser, 2009. "Environmental prices, uncertainty and learning," GRI Working Papers 10, Grantham Research Institute on Climate Change and the Environment.
    18. John Quiggin, "undated". "Complexity, Climate Change and the Precautionary Principle," Climate Change Working Papers WPC07_3, Risk and Sustainable Management Group, University of Queensland.
    19. Jean Charles Hourcade & Franck Lecocq, 2003. "Le taux d'actualisation contre le principe de précaution ? Leçons à partir du cas des politiques climatiques," Working Papers halshs-00000967, HAL.
    20. Ahlvik, Lassi & Hyytiäinen, Kari, 2015. "Value of adaptation in water protection — Economic impacts of uncertain climate change in the Baltic Sea," Ecological Economics, Elsevier, vol. 116(C), pages 231-240.
    21. Charles Kolstad & Alistair Ulph, 2011. "Uncertainty, Learning and Heterogeneity in International Environmental Agreements," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(3), pages 389-403, November.
    22. Giovanni Immordino, 2003. "Looking for a Guide to Protect the Environment: The Development of the Precautionary Principle," Journal of Economic Surveys, Wiley Blackwell, vol. 17(5), pages 629-644, December.
    23. Pauline Barrieu & Bernard Sinclair-Desgagné, 2006. "On Precautionary Policies," Management Science, INFORMS, vol. 52(8), pages 1145-1154, August.
    24. Shyama V. Ramani & Mhamed-Ali El-Aroui, 2020. "On application of the precautionary principle to ban GMVs: an evolutionary model of new seed technology integration," Journal of Evolutionary Economics, Springer, vol. 30(4), pages 1243-1266, September.
    25. Rob Hart, 2009. "Bad Eggs, Learning-by-doing, and the Choice of Technology," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 42(4), pages 429-450, April.
    26. In Chang Hwang & Richard S. J. Tol & Marjan W. Hofkes, 2019. "Active Learning and Optimal Climate Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1237-1264, August.
    27. Simon Grant & John Quiggin, 2015. "A preference model for choice subject to surprise," Theory and Decision, Springer, vol. 79(2), pages 167-180, September.
    28. Salanié, François & Treich, Nicolas, 2009. "Option Value and Flexibility: A General Theorem with Applications," TSE Working Papers 09-002, Toulouse School of Economics (TSE).
    29. Fidel Gonzalez, 2008. "Precautionary Principle and Robustness for a Stock Pollutant with Multiplicative Risk," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(1), pages 25-46, September.
    30. Kjell Hausken, 2019. "Principal–Agent Theory, Game Theory, and the Precautionary Principle," Decision Analysis, INFORMS, vol. 16(2), pages 105-127, June.
    31. Grant, Simon & Quiggin, John, 2013. "Bounded awareness, heuristics and the Precautionary Principle," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 17-31.
    32. Minh Ha-Duong & Nicolas Treich, 1999. "Recursive Intergenerational Utility in Global Climate Risk Modeling," CIRANO Working Papers 99s-40, CIRANO.
    33. Robert S. Pindyck, 2006. "Uncertainty in Environmental Economics," Working Papers 0617, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
    34. Olivier Godard, 2005. "The precautionary principle. Between social norms and economic constructs," Working Papers hal-00243008, HAL.
    35. Lorenzo Bastianello & José Heleno Faro & Ana Santos, 2022. "Dynamically consistent objective and subjective rationality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(2), pages 477-504, September.
    36. Alistair Ulph & Pedro Pintassilgo & Michael Finus, 2019. "Uncertainty, Learning and International Environmental Agreements: The Role of Risk Aversion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1165-1196, August.
    37. van Wijnbergen, Sweder & Willems, Tim, 2015. "Optimal learning on climate change: Why climate skeptics should reduce emissions," Journal of Environmental Economics and Management, Elsevier, vol. 70(C), pages 17-33.
    38. Tania Bouglet & Thomas Lanzi & Jean-Christophe Vergnaud, 2006. "Incertitude scientifique et décision publique: le recours au Principe de Précaution," Post-Print halshs-00150931, HAL.
    39. Baker, Erin, 2005. "Uncertainty and learning in a strategic environment: global climate change," Resource and Energy Economics, Elsevier, vol. 27(1), pages 19-40, January.
    40. Daniel Danau, 2017. "Prudence and preference for flexibility gain," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 2017-05, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS, revised Nov 2017.
    41. Urvashi Narain & Michael Hanemann & Anthony Fisher, 2007. "The irreversibility effect in environmental decisionmaking," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 38(3), pages 391-405, November.
    42. Marcello Basili & Alain Chateauneuf & Fulvio Fontini, 2008. "Precautionary principle as a rule of choice with optimism on windfall gains and pessimism on catatrophic losses," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00273211, HAL.
    43. Quiggin, John, 2005. "The Precautionary Principle in Environmental Policy and the Theory of Choice under Uncertainty," Risk and Sustainable Management Group Working Papers 149847, University of Queensland, School of Economics.
    44. Treich, Nicholas & Salanie, Francois, 2002. "Regulating an agent with different beliefs," University of California at Santa Barbara, Economics Working Paper Series qt8bh1c3v6, Department of Economics, UC Santa Barbara.
    45. Robert S. Pindyck, 2009. "Uncertain Outcomes and Climate Change Policy," NBER Working Papers 15259, National Bureau of Economic Research, Inc.
    46. Christoph Engel & Werner Gueth, 2018. "Modeling a satisficing judge," Rationality and Society, , vol. 30(2), pages 220-246, May.
    47. Sarr, Mare & Goeschl, Timo & Swanson, Tim, 2008. "The value of conserving genetic resources for R&D: A survey," Ecological Economics, Elsevier, vol. 67(2), pages 184-193, September.
    48. Sheldon, Ian M. & Josling, Timothy E., 2002. "Biotechnology Regulations And The Wto," Working Papers 14594, International Agricultural Trade Research Consortium.
    49. Takao Asano, 2010. "Precautionary Principle and the Optimal Timing of Environmental Policy Under Ambiguity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(2), pages 173-196, October.
    50. Nævdal, Erik & Vislie, Jon, 2012. "Resource Depletion and Capital Accumulation under Catastrophic Risk: The Role of Stochastic Thresholds and Stock Pollution," Memorandum 24/2012, Oslo University, Department of Economics.
    51. Ingham, Alan & Ma, Jie & Ulph, Alistair, 2007. "Climate change, mitigation and adaptation with uncertainty and learning," Energy Policy, Elsevier, vol. 35(11), pages 5354-5369, November.
    52. Meglena Jeleva & Stéphane Rossignol, 2019. "Optimists, Pessimists, and the Precautionary Principle," Post-Print hal-04256724, HAL.
    53. Antony Millner & Hélène Ollivier & Leo Simon, 2014. "Policy experimentation, political competition, and heterogeneous beliefs," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01308618, HAL.
    54. Olivier Godard, 2007. "Climat et générations futures - Un examen critique du débat académique suscité par le Rapport Stern," Working Papers hal-00243059, HAL.
    55. Iulie Aslaksen & Bent Natvig & Inger Nordal, 2004. "Environmental risk and the precautionary principle. "Late lessons from early warnings" applied to genetically modified plants," Discussion Papers 398, Statistics Norway, Research Department.
    56. Giovanni Immordino, 2001. "Choosing between traditional and innovative technologies: the case of scientific uncertainty," CSEF Working Papers 74, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    57. Grijalva, Therese & Berrens, Robert P. & Shaw, W. Douglass, 2011. "Species preservation versus development: An experimental investigation under uncertainty," Ecological Economics, Elsevier, vol. 70(5), pages 995-1005, March.
    58. Lawrence Summers & Richard Zeckhauser, 2008. "Policymaking for posterity," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 115-140, December.
    59. De Zeeuw, A. & Polasky, S. & Wagener, F.O.O., 2010. "Optimal Management with Potential Regime Shifts," CeNDEF Working Papers 10-10, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    60. Adler, Matthew & Treich, Nicolas, 2014. "Consumption, Risk and Prioritarianism," TSE Working Papers 14-500, Toulouse School of Economics (TSE).
    61. Kemp, R. & van den Bergh, J., 2006. "Economics and Transitions: Lessons from Economic Sub-disciplines," MERIT Working Papers 2006-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    62. Michael Finus & Pedro Pintassilgo & Alistair Ulph, 2014. "International Environmental Agreements with Uncertainty, Learning and Risk Aversion," CESifo Working Paper Series 4589, CESifo.
    63. Michel de Lara, 2009. "Preferences Yielding the ``Precautionary Effect''," Working Papers hal-00406939, HAL.
    64. Andy Stirling, 2016. "Precaution in the Governance of Technology," SPRU Working Paper Series 2016-14, SPRU - Science Policy Research Unit, University of Sussex Business School.
    65. Michel De Lara, 2009. "Preferences Yielding the "Precautionary Effect"," Papers 0907.4093, arXiv.org.
    66. Kimberly Burnett & James Roumasset & Yacov Tsur, 2007. "Delaying the Catastrophic Arrival of the Brown Tree Snake to Hawaii," Working Papers 200715, University of Hawaii at Manoa, Department of Economics.
    67. François Salanie & Nicolas N. Treich, 2006. "Over-savings and hyperbolic discounting," Post-Print hal-02663421, HAL.
    68. Sheldon Ian, 2004. "Europe's Regulation of Agricultural Biotechnology: Precaution or Trade Distortion?," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 2(2), pages 1-28, May.
    69. Roselli, Luigi & Seccia, Antonio & Stasi, Antonio, 2006. "Atteggiamento dei consumatori nei confronti dell’evoluzione del sistema agro-alimentare: L’introduzione di alimenti geneticamente modificati [Consumers' attitude towards the new element of evolutio," MPRA Paper 11776, University Library of Munich, Germany.
    70. Bernard Sinclair-Desgagné & Sandrine Spaeter, 2018. "Incentive Contracts and Downside Risk Sharing," Post-Print halshs-02292797, HAL.
    71. In Chang Hwang, 2016. "Active learning and optimal climate policy," EcoMod2016 9611, EcoMod.
    72. Nicolas Treich, 2000. "Décision séquentielle et Principe de Précaution," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 55, pages 5-24.
    73. Peterson, Sonja, 2006. "Uncertainty and economic analysis of climate change: a survey of approaches and findings," Open Access Publications from Kiel Institute for the World Economy 3778, Kiel Institute for the World Economy (IfW Kiel).
    74. Grant, Simon & Quiggin, John, 2012. "Inductive Reasoning About Unawareness," Risk and Sustainable Management Group Working Papers 151202, University of Queensland, School of Economics.
    75. Mark C. Freeman & Ben Groom & Richard Zeckhauser, 2015. "Better Predictions, Better Allocations: Scientific Advances and Adaptation to Climate Change," NBER Working Papers 21463, National Bureau of Economic Research, Inc.
    76. Andrew J. Leach, 2004. "The Climate Change Learning Curve," Cahiers de recherche 04-03, HEC Montréal, Institut d'économie appliquée.
    77. van den Bergh, Jeroen C. J. M., 2004. "Optimal climate policy is a utopia: from quantitative to qualitative cost-benefit analysis," Ecological Economics, Elsevier, vol. 48(4), pages 385-393, April.
    78. Antony Millner & Daniel Heyen, 2021. "Prediction: The Long and the Short of It," American Economic Journal: Microeconomics, American Economic Association, vol. 13(1), pages 374-398, February.
    79. Edward B. Barbier & Joanne C. Burgess, 2019. "Scarcity and Safe Operating Spaces: The Example of Natural Forests," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 1077-1099, November.
    80. Halkos, George, 2013. "Uncertainty in optimal pollution levels: Modeling the benefit area," MPRA Paper 47768, University Library of Munich, Germany.
    81. Bernard Sinclair-Desgagné, 2000. "Environmental Risk Management and the Business Firm," CIRANO Working Papers 2000s-23, CIRANO.
    82. Adler, Matthew D. & Treich, Nicolas, 2017. "Utilitarianism, prioritarianism, and intergenerational equity: A cake eating model," Mathematical Social Sciences, Elsevier, vol. 87(C), pages 94-102.
    83. Martimort, David & Guillouet, Louise, 2020. "Precaution, Information and Time-Inconsistency: On The Value of the Precautionary Principle," CEPR Discussion Papers 15266, C.E.P.R. Discussion Papers.
    84. Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
    85. Geoffrey Heal & Bengt Kriström, 2002. "Uncertainty and Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 3-39, June.
    86. Olivier Godard, 2003. "Revisiting the precautionary principle under the light of 2002-2003 French and international events," Working Papers hal-00242979, HAL.
    87. Narain, Urvashi & Hanemann, W. Michael & Fisher, Anthony C, 2007. "The irreversibility effect in environmental decisionmaking," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7bc5t8cf, Department of Agricultural & Resource Economics, UC Berkeley.
    88. Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
    89. Erin Baker, 2009. "Optimal Policy under Uncertainty and Learning about Climate Change: A Stochastic Dominance Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(5), pages 721-747, October.
    90. Hennlock, Magnus, 2009. "Robust Control in Global Warming Management: An Analytical Dynamic Integrated Assessment," RFF Working Paper Series dp-09-19, Resources for the Future.
    91. W. Botzen & Jeroen Bergh, 2014. "Specifications of Social Welfare in Economic Studies of Climate Policy: Overview of Criteria and Related Policy Insights," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(1), pages 1-33, May.
    92. Fidel Gonzalez, 2018. "Pollution Control with Time-Varying Model Mistrust of the Stock Dynamics," Computational Economics, Springer;Society for Computational Economics, vol. 51(3), pages 541-569, March.
    93. García, Jorge H. & Torvanger, Asbjørn, 2019. "Carbon leakage from geological storage sites: Implications for carbon trading," Energy Policy, Elsevier, vol. 127(C), pages 320-329.
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    95. Rick van der Ploeg & Johannes Emmerling & Ben Groom, 2022. "The Social Cost of Carbon with Intragenerational Inequality under Economic Uncertainty," CESifo Working Paper Series 9777, CESifo.
    96. Dumenu, William Kwadwo, 2013. "What are we missing? Economic value of an urban forest in Ghana," Ecosystem Services, Elsevier, vol. 5(C), pages 137-142.
    97. Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
    98. Jan Kubíček & Leoš Vítek, 2010. "Hodnocení veřejných projektů z hlediska společenské míry diskontace [Evaluation of Public Projects from the Viewpoint of Social Rate of Discount]," Politická ekonomie, Prague University of Economics and Business, vol. 2010(3), pages 291-304.
    99. Pedro Conceição & Yanchun Zhang, 2010. "Discounting in the context of climate change economics: the policy implications of uncertainty and global asymmetries," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 12(1), pages 31-57, June.
    100. Ian Martin, 2013. "The Lucas Orchard," Econometrica, Econometric Society, vol. 81(1), pages 55-111, January.
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    102. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    103. Riccardo Rebonato & Riccardo Ronzani & Lionel Melin, 2023. "Robust management of climate risk damages," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-43, September.
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    105. Winston W. Chang, 2017. "World Trade and the Environment: Issues and Policies," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 435-479, August.
    106. El Hadji Fall, 2006. "The Worst-Case Scenario and Discounting the Very Long Term," Cahiers de la Maison des Sciences Economiques v06005, Université Panthéon-Sorbonne (Paris 1).
    107. Nævdal, Eric & Vislie, Jon, 2013. "Resource Depletion and Capital Accumulation under Catastrophic Risk: Policy Actions against Stochastic Thresholds and Stock Pollution," Memorandum 24/2013, Oslo University, Department of Economics.
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    109. Ben Groom & Phoebe Koundouri & Ekaterini Panopoulou & Theologos Pantelidis, 2004. "Model Selection For Estimating Certainty Equivalent Discount Rates," DEOS Working Papers 0407, Athens University of Economics and Business.
    110. António R. Antunes & Bernardino Adão & João Valle e Azevedo & Nuno Lourenço & Miguel Gouveia, 2022. "Alterações climáticas e economia: uma introdução," Working Papers o202201, Banco de Portugal, Economics and Research Department.
    111. Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
    112. BRECHET, Thierry & THENIE, Julien & ZEIMES, Thibaut & ZUBER, Stéphane, 2012. "The benefits of cooperation under uncertainty: the case of climate change," LIDAM Reprints CORE 2435, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    113. Cairns, John, 2006. "Developments in discounting: With special reference to future health events," Resource and Energy Economics, Elsevier, vol. 28(3), pages 282-297, August.
    114. Mareike Schad & Jürgen John, 2012. "Towards a social discount rate for the economic evaluation of health technologies in Germany: an exploratory analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 13(2), pages 127-144, April.
    115. Christian Gollier, 2005. "Quel taux d actualisation pour quel avenir ?," Revue Française d'Économie, Programme National Persée, vol. 19(4), pages 59-81.
    116. Heilmann, Conrad, 2008. "Measurement-theoretic foundations of time discounting in economics," LSE Research Online Documents on Economics 27597, London School of Economics and Political Science, LSE Library.
    117. Heikkila, Jaakko, 2006. "Economics of invasive alien species: pre-emptive versus reactive control," Discussion Papers 11865, MTT Agrifood Research Finland.
    118. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01300594, HAL.
    119. Koundouri, Phoebe & Groom, Ben, 2009. "Sustainability and the Economics of the Environment: Cost-Benefit Analysis and the Dynamics of the Long-Run Discount Rate," MPRA Paper 38278, University Library of Munich, Germany.
    120. Lugovoy, O. & Polbin, A., 2016. "On Intergenerational Distribution of the Burden of Greenhouse Gas Emissions," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 12-39.
    121. Onno J. Kuik & Barbara Bucher & Michela Catenacci & Etem Karakaya & Richard S.J. Tol, 2006. "Methodological aspects of recent climate change damage cost studies," Working Papers FNU-122, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006.
    122. Christoph Heinzel & Ralph Winkler, 2007. "The role of environmental and technology policies in the transition to a low-carbon energy industry," CER-ETH Economics working paper series 07/71, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    123. Dorje C. Brody & Lane P. Hughston, 2013. "Social Discounting and the Long Rate of Interest," Papers 1306.5145, arXiv.org, revised Sep 2015.
    124. Christian Gollier, 2002. "Quel taux d’actualisation pour le long terme ?," Revue d'Économie Financière, Programme National Persée, vol. 66(2), pages 253-267.
    125. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, beyond Utilitarianism," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01300618, HAL.
    126. Liu, Liqun, 2012. "Inferring the rate of pure time preference under uncertainty," Ecological Economics, Elsevier, vol. 74(C), pages 27-33.
    127. Alfred Endres & Regina Bertram & Bianca Rundshagen, 2007. "Environmental Liability Law and Induced Technical Change – The Role of Discounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(3), pages 341-366, March.
    128. Electra V. Petracou & Anastasios Xepapadeas & Athanasios N. Yannacopoulos, 2022. "Decision Making Under Model Uncertainty: Fréchet–Wasserstein Mean Preferences," Management Science, INFORMS, vol. 68(2), pages 1195-1211, February.
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  82. Eeckhoudt, L. & Gollier, C., 1998. "Which Shape for the Cost Curve of Risk?," Papers 98.490, Toulouse - GREMAQ.

    Cited by:

    1. Marika Cabral & Mark R. Cullen, 2016. "Estimating the Value of Public Insurance Using Complementary Private Insurance," NBER Working Papers 22583, National Bureau of Economic Research, Inc.
    2. Christophe Courbage & Henri Loubergé & Béatrice Rey, 2017. "On the properties of non-monetary measures for risks," Working Papers halshs-01471888, HAL.
    3. Christophe Courbage & Henri Loubergé & Béatrice Rey, 2018. "On the properties of high-order non-monetary measures for risks," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 77-94, May.
    4. Christophe Courbage, 2001. "On Bivariate Risk Premia," Theory and Decision, Springer, vol. 50(1), pages 29-34, February.
    5. Li, Sanxi & Sun, Hailin & Wang, Tong & Yu, Jun, 2016. "Assortative matching and risk sharing," Journal of Economic Theory, Elsevier, vol. 163(C), pages 248-275.
    6. Fatma Lajeri-Chaherli, 2004. "Proper and Standard Risk Aversion in Two-Moment Decision Models," Theory and Decision, Springer, vol. 57(3), pages 213-225, November.
    7. Malevergne, Y. & Rey, B., 2009. "On cross-risk vulnerability," Insurance: Mathematics and Economics, Elsevier, vol. 45(2), pages 224-229, October.
    8. Hailin Sun & Sanxi Li & Tong Wang, 2013. "Assortative Matching and Risk Sharing," University of East Anglia Applied and Financial Economics Working Paper Series 041, School of Economics, University of East Anglia, Norwich, UK..
    9. Butler Richard J, 2017. "Econometrics Illustrated, with Applications from Insurance-Research Awards," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 11(2), pages 1-21, July.
    10. Francisco Vázquez & Richard Watt, 2002. "The price of risk with incomplete knowledge on the utility function ," Theory and Decision, Springer, vol. 53(3), pages 271-287, November.
    11. Hailin Sun & Sanxi Li & Tong Wang, 2013. "Change in risk and bargaining game," University of East Anglia Applied and Financial Economics Working Paper Series 036, School of Economics, University of East Anglia, Norwich, UK..

  83. Eeckhoudt,L. & Gollier, C., 1997. "Changing in Risk and Risk Taking: A Survey," Papers 97.472, Toulouse - GREMAQ.

    Cited by:

    1. Chuang, O-Chia & Eeckhoudt, Louis & Huang, Rachel J. & Tzeng, Larry Y., 2013. "Risky targets and effort," Insurance: Mathematics and Economics, Elsevier, vol. 52(3), pages 465-468.
    2. Dionne, Georges & Li, Jingyuan, 2014. "Comparative Ross risk aversion in the presence of mean dependent risks," Journal of Mathematical Economics, Elsevier, vol. 51(C), pages 128-135.
    3. Eeckhoudt, Louis, 2001. "Espérance d’utilité et nouveaux modèles de choix dans le risque : une connivence cachée," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(4), pages 499-516, décembre.
    4. Bontems, Philippe & Nauges, Céline, 2017. "Production choices with water markets: The role of initial allocations and forward trading," TSE Working Papers 17-812, Toulouse School of Economics (TSE).
    5. K. Dachraoui & G. Dionne, 2001. "Stochastic Dominance and Optimal Portfolio," THEMA Working Papers 2001-01, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    6. Luc Arrondel & Hector Calvo Pardo & Xisco Oliver, 2007. "Temperant portfolio choice and background risk: evidence from France," PSE Working Papers halshs-00588069, HAL.
    7. Dionne, Georges & Dostie, Benoit, 2008. "Correlated Poisson Processes with Unobserved Heterogeneity: Estimating the Determinants of Paid and Unpaid Leave," IZA Discussion Papers 3642, Institute of Labor Economics (IZA).
    8. Louis Eeckhoudt & Anna Maria Fiori & Emanuela Rosazza Gianin, 2016. "Loss‐averse preferences and portfolio choices: An extension," Post-Print hal-01667394, HAL.
    9. Masamitsu Ohnishi & Yusuke Osaki, 2005. "The Monotonicity of Asset Prices with Changes in Risk," Discussion Papers in Economics and Business 05-14, Osaka University, Graduate School of Economics.
    10. Marie-Charlotte Guetlein, 2016. "Comparative Risk Aversion in the Presence of Ambiguity," American Economic Journal: Microeconomics, American Economic Association, vol. 8(3), pages 51-63, August.

  84. Gollier, C. & Jullien, B. & Treich, N., 1997. "Learning and Irreversibility: An Econmic Interpretation of the "Precautionnary Principle"," Papers 97.470, Toulouse - GREMAQ.

    Cited by:

    1. Olivier Guéant & Roger Guesnerie & Jean‐Michel Lasry, 2012. "Ecological Intuition versus Economic “Reason”," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(2), pages 245-272, March.
    2. Anastasios Xepapadeas, 2011. "The Cost of Ambiguity and Robustness in International Pollution Control," DEOS Working Papers 1101, Athens University of Economics and Business.
    3. Pierre-André Jouvet, 1998. "Voluntary Contributions with Uncertainty: The Environmental Quality," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 23(2), pages 151-165, December.
    4. Olivier Guéant & Roger Guesnerie & Jean-Michel Lasry, 2012. "Ecological intuition versus economic "reason"," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-00754612, HAL.

  85. Gollier, C., 1997. "Wealth Inequality and Asset Pricing," Papers 97.486, Toulouse - GREMAQ.

    Cited by:

    1. Korniotis, George & Bonaparte, Yosef & Kumar, Alok, 2020. "Income Risk and Stock Market Entry/Exit Decisions," CEPR Discussion Papers 15370, C.E.P.R. Discussion Papers.
    2. Matthew O. Jackson & Leeat Yariv, 2020. "The Non-Existence of Representative Agents," Working Papers 2020-74, Princeton University. Economics Department..
    3. Juan Carlos Hatchondo, 2005. "A quantitative study of the role of wealth inequality on asset prices," Working Paper 05-12, Federal Reserve Bank of Richmond.
    4. Pier Francesco Procacci & Tomaso Aste, 2022. "Portfolio optimization with sparse multivariate modeling," Journal of Asset Management, Palgrave Macmillan, vol. 23(6), pages 445-465, October.
    5. Calvet, Laurent-Emmanuel & Sodini, Paolo, 2011. "Twin picks: disentangling the determinants of risk-taking in household portfolios," HEC Research Papers Series 948, HEC Paris.
    6. Christou, Christina & Gupta, Rangan & Jawadi, Fredj, 2021. "Does inequality help in forecasting equity premium in a panel of G7 countries?," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
    7. Rangan Gupta & Christian Pierdzioch & Andrew J. Vivian & Mark E. Wohar, 2018. "The Predictive Value of Inequality Measures for Stock Returns: An Analysis of Long-Span UK Data Using Quantile Random Forests," Working Papers 201809, University of Pretoria, Department of Economics.
    8. Matthieu Gomez & Émilien Gouin‐Bonenfant, 2024. "Wealth Inequality in a Low Rate Environment," Econometrica, Econometric Society, vol. 92(1), pages 201-246, January.
    9. Elyès Jouini & Clotilde Napp & Diego Nocetti, 2013. "Collective risk aversion," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(2), pages 411-437, February.
    10. Toda, Alexis Akira & Walsh, Kieran James, 2014. "The Equity Premium and the One Percent," MPRA Paper 79009, University Library of Munich, Germany, revised 28 Feb 2017.
    11. Hara, Chiaki & 原, 千秋 & ハラ, チアキ & Huang, James & Kuzmics, Christoph, 2007. "Representative Consumer's Risk Aversion and Efficient Risk-Sharing Rules," Discussion Paper 323, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    12. Alain Venditti & Christian Ghiglino, 2007. "Wealth inequality, preference heterogeneity and macroeconomic volatility intwo-sector economies," Post-Print halshs-00279997, HAL.
    13. Luigi Guiso & Monica Paiella, 2007. "Risk Aversion, Wealth, and Background Risk," Economics Working Papers ECO2007/47, European University Institute.
    14. Eugenio Peluso & Alain Trannoy, 2012. "The Cake-eating problem: Non-linear sharing rules," Working Papers 26/2012, University of Verona, Department of Economics.
    15. Suen, Richard M.H., 2018. "Standard risk aversion and efficient risk sharing," Economics Letters, Elsevier, vol. 173(C), pages 23-26.
    16. Daniel Paravisini & Veronica Rappoport & Enrichetta Ravina, 2017. "Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios," Management Science, INFORMS, vol. 63(2), pages 279-297, February.
    17. Fang, Ming & Li, Haiyang & Wang, Qin, 2021. "Risk tolerance and household wealth--Evidence from Chinese households," Economic Modelling, Elsevier, vol. 94(C), pages 885-895.
    18. Ghiglino, Christian & Venditti, Alain, 2011. "Wealth distribution and output fluctuations," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2478-2509.
    19. Söhnke M. Bartram & Harald Lohre & Peter F. Pope & Ananthalakshmi Ranganathan, 2021. "Navigating the factor zoo around the world: an institutional investor perspective," Journal of Business Economics, Springer, vol. 91(5), pages 655-703, July.
    20. Christian Helmenstein & Alexia Prskawetz & Yuri Yegorov, 2002. "Wealth and cohort size: stock market boom or bust ahead?," MPIDR Working Papers WP-2002-051, Max Planck Institute for Demographic Research, Rostock, Germany.
    21. Chiaki Hara, 2005. "Heterogeneous Risk Attitudes in a Continuous-Time Model," KIER Working Papers 609, Kyoto University, Institute of Economic Research.
    22. Douglas W. Blackburn & Andrey D. Ukhov, 2013. "Individual vs. Aggregate Preferences: The Case of a Small Fish in a Big Pond," Management Science, INFORMS, vol. 59(2), pages 470-484, August.
    23. Pástor, Lˇuboš & Veronesi, Pietro, 2016. "Income inequality and asset prices under redistributive taxation," Journal of Monetary Economics, Elsevier, vol. 81(C), pages 1-20.
    24. Richard M. H. Suen, 2011. "Concave Consumption Function and Precautionary Wealth Accumulation," Working papers 2011-23, University of Connecticut, Department of Economics.
    25. Walentin Karl, 2010. "Earnings Inequality and the Equity Premium," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-23, November.
    26. Giannikos, Christos I. & Koimisis, Georgios, 2021. "Habits, Wealth and Equity Risk Premium," Finance Research Letters, Elsevier, vol. 38(C).
    27. Hideaki Tamura & Yoichi Matsubayashi, 2014. "A New Solution to the Equity Premium Puzzle and the Risk-Free Rate Puzzle: Theory and Evidence," Discussion Papers 1422, Graduate School of Economics, Kobe University.
    28. Hennessy, David A. & Lapan, Harvey E., 2006. "On the Nature of Certainty Equivalent Functionals," Staff General Research Papers Archive 12552, Iowa State University, Department of Economics.
    29. Grove, Wayne A. & Jetter, Michael & Papps, Kerry L., 2018. "Career Lotto: Labor Supply in Winner-Take-All Markets," IZA Discussion Papers 12012, Institute of Labor Economics (IZA).
    30. Sergio Sousa, 2010. "Small-scale changes in wealth and attitudes toward risk," Discussion Papers 2010-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    31. Suen, Richard M. H., 2022. "Precautionary Saving Behaviour under Ambiguity," MPRA Paper 114382, University Library of Munich, Germany.
    32. Chambers, Christopher P. & Echenique, Federico, 2012. "When does aggregation reduce risk aversion?," Games and Economic Behavior, Elsevier, vol. 76(2), pages 582-595.
    33. Ghiglino, Christian, 2005. "Wealth inequality and dynamic stability," Journal of Economic Theory, Elsevier, vol. 124(1), pages 106-115, September.
    34. Maurizio Mazzocco, 2004. "Saving, Risk Sharing, and Preferences for Risk," American Economic Review, American Economic Association, vol. 94(4), pages 1169-1182, September.
    35. Ingvild Almås & Magne Mogstad, 2009. "Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries," Discussion Papers 583, Statistics Norway, Research Department.
    36. Pier Francesco Procacci & Tomaso Aste, 2021. "Portfolio Optimization with Sparse Multivariate Modelling," Papers 2103.15232, arXiv.org.
    37. Matthieu Gomez, 2017. "Asset Prices and Wealth Inequality," 2017 Meeting Papers 1155, Society for Economic Dynamics.
    38. Juan Carlos Hatchondo, 2008. "A quantitative study of the role of wealth inequality on asset prices," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Win), pages 73-96.
    39. Mariam Raheem & Ain ul Momina, 2021. "Do Underlying Risk Preferences explain Individuals’ Cognitive Ability? Evidence from a Sample of Pakistani Students," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 26(1), pages 85-122, Jan-June.
    40. Ghiglino, Christian, 2007. "Trade, redistribution and indeterminacy," Journal of Mathematical Economics, Elsevier, vol. 43(3-4), pages 365-389, April.
    41. Christian Gollier, 2002. "Quel taux d’actualisation pour le long terme ?," Revue d'Économie Financière, Programme National Persée, vol. 66(2), pages 253-267.

  86. Christian Gollier & Richard J. Zeckhauser, 1997. "Horizon Length and Portfolio Risk," NBER Technical Working Papers 0216, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yaniv Azoulay & Andrey Kudryavtsev & Shosh Shahrabani, 2016. "Accumulating approach to the life-cycle pension model: practical advantages," Financial Theory and Practice, Institute of Public Finance, vol. 40(4), pages 413-436.
    2. Anne LAVIGNE, 2006. "Gouvernance et investissement des fonds de pension privés aux Etats-Unis," LEO Working Papers / DR LEO 690, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    3. Doerrenberg, Philipp & Duncan, Denvil & Zeppenfeld, Christopher, 2014. "Circumstantial risk: Impact of future tax evasion and labor supply opportunities on risk exposure," ZEW Discussion Papers 14-014, ZEW - Leibniz Centre for European Economic Research.
    4. Drouhin, Nicolas, 2020. "Non-stationary additive utility and time consistency," Journal of Mathematical Economics, Elsevier, vol. 86(C), pages 1-14.
    5. Gabriel Picone & Frank Sloan & Donald Taylor, 2004. "Effects of Risk and Time Preference and Expected Longevity on Demand for Medical Tests," Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 39-53, January.
    6. James M. Poterba & Joshua Rauh & Steven F. Venti & David A. Wise, 2009. "Reducing Social Security PRA Risk at the Individual Level: Life-Cycle Funds and No-Loss Strategies," NBER Chapters, in: Social Security Policy in a Changing Environment, pages 255-292, National Bureau of Economic Research, Inc.
    7. Klos, Alexander, 2004. "The investment horizon and dynamic asset allocation--some experimental evidence," Economics Letters, Elsevier, vol. 85(2), pages 167-170, November.
    8. Guiso, Luigi & Jappelli, Tullio, 2000. "Household Portfolios in Italy," CEPR Discussion Papers 2549, C.E.P.R. Discussion Papers.
    9. Hara, Chiaki & 原, 千秋 & ハラ, チアキ & Huang, James & Kuzmics, Christoph, 2007. "Representative Consumer's Risk Aversion and Efficient Risk-Sharing Rules," Discussion Paper 323, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    10. Luigi Guiso & Monica Paiella, 2007. "Risk Aversion, Wealth, and Background Risk," Economics Working Papers ECO2007/47, European University Institute.
    11. Sayema Sultana & Norhayah Zulkifli & Dalilawati Zainal, 2018. "Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh," Sustainability, MDPI, vol. 10(6), pages 1-19, June.
    12. Stéphane Hamayon & Florence Legros & Pradat Yannick, 2016. "Non gaussian returns: which impact on default options retirement plans? [Distribution non gaussienne des rendements : quel impact sur les options par défaut des plans d'épargne retraite ?]," Working Papers hal-03003588, HAL.
    13. Böhme, Marcus, 2013. "Does migration raise agricultural investment? An empirical analysis for rural Mexico," Kiel Working Papers 1840, Kiel Institute for the World Economy (IfW Kiel).
    14. Klos, Alexander & Langer, Thomas & Weber, Martin, 2002. "Über kurz oder lang : welche Rolle spielt der Anlagehorizont bei Investitionsentscheidungen?," Papers 02-49, Sonderforschungsbreich 504.
    15. Fang, Ming & Li, Haiyang & Wang, Qin, 2021. "Risk tolerance and household wealth--Evidence from Chinese households," Economic Modelling, Elsevier, vol. 94(C), pages 885-895.
    16. Andrey Kudryavtsev & Shosh Shahrabani & Yaniv Azoulay, 2017. "Frequency of Adjusting Asset Allocations in the Life-Cycle Pension Model: When Doing More Is Not Necessarily Better," Bulletin of Applied Economics, Risk Market Journals, vol. 4(1), pages 13-33.
    17. Liu, Liqun & Rettenmaier, Andrew J., 2007. "Effects of mortality risk on risk-taking behavior," Economics Letters, Elsevier, vol. 94(1), pages 49-55, January.
    18. James Poterba & Joshua Rauh & Steven Venti & David Wise, 2006. "Lifecycle Asset Allocation Strategies and the Distribution of 401(k) Retirement Wealth," NBER Working Papers 11974, National Bureau of Economic Research, Inc.
    19. Ottavio Ricchi & Adolfo Di Carluccio & Cecilia Frale, 2004. "Do Privatizations Boost Household Shareholding? Evidence from Italy," Working Papers 2004.3, Fondazione Eni Enrico Mattei.
    20. Richard M. H. Suen, 2011. "Concave Consumption Function and Precautionary Wealth Accumulation," Working papers 2011-23, University of Connecticut, Department of Economics.
    21. Moris S. Strub & Xun Yu Zhou, 2021. "Evolution of the Arrow–Pratt measure of risk-tolerance for predictable forward utility processes," Finance and Stochastics, Springer, vol. 25(2), pages 331-358, April.
    22. Andersson, Björn, 2001. "Portfolio Allocation over the Life Cycle: Evidence from Swedish Household Data," Working Paper Series 2001:4, Uppsala University, Department of Economics.
    23. Hennessy, David A. & Lapan, Harvey E., 2006. "On the Nature of Certainty Equivalent Functionals," Staff General Research Papers Archive 12552, Iowa State University, Department of Economics.
    24. Gollier, Christian, 2007. "Assets Relative Risk for Long-term Investors," IDEI Working Papers 466, Institut d'Économie Industrielle (IDEI), Toulouse.
    25. Marie Briere & Ariane Szafarz, 2021. "When it Rains, it Pours: Multifactor Asset Management in Good and Bad Times," Working Papers CEB 21-002, ULB -- Universite Libre de Bruxelles.
    26. Liu, Haoyu & Li, Lun, 2023. "On the concavity of consumption function under habit formation," Journal of Mathematical Economics, Elsevier, vol. 106(C).
    27. Christian Gollier, 2005. "Optimal Portfolio Management for Individual Pension Plans," CESifo Working Paper Series 1394, CESifo.
    28. Guodong Chen & Minjoon Lee & Tong-yob Nam, 2018. "Forced Retirement Risk and Portfolio Choice," Carleton Economic Papers 18-06, Carleton University, Department of Economics.
    29. In, Francis & Kim, Sangbae & Gençay, Ramazan, 2011. "Investment horizon effect on asset allocation between value and growth strategies," Economic Modelling, Elsevier, vol. 28(4), pages 1489-1497, July.
    30. Jaime Ruiz-Tagle, 2006. "Financial Markets Incompleteness and Inequality Over the Life-Cycle," Working Papers Central Bank of Chile 405, Central Bank of Chile.
    31. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2019. "Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 42(1), pages 66-85.
    32. Chen, An & Vellekoop, Michel, 2017. "Optimal investment and consumption when allowing terminal debt," European Journal of Operational Research, Elsevier, vol. 258(1), pages 385-397.
    33. Cai, Mingchao & Chen, Zhihong, 2019. "Does country background risk matter to the strategic asset allocation of sovereign wealth funds?," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    34. Marcela PARADA‐CONTZEN, 2023. "Gender, family status and health characteristics: Understanding retirement inequalities in the Chilean pension model," International Labour Review, International Labour Organization, vol. 162(2), pages 271-303, June.
    35. Bovenberg, A.L. & Koijen, R.S.J. & Nijman, T.E. & Teulings, C.N., 2007. "Saving and investing over the life cycle and the role of collective pension funds," Other publications TiSEM 6eab1341-eda5-4f21-8c06-8, Tilburg University, School of Economics and Management.
    36. Gindra Kasnauskiene & Karol Michnevic, 2017. "Contribution of increased life expectancy to economic growth: evidence from CEE countries," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 6(2), pages 82-99, November.

  87. Gollier, C. & Kimball, M.S., 1996. "New Methods in the Classical Economics of Uncertainty: Comparing Risks," Papers 96.412, Toulouse - GREMAQ.

    Cited by:

    1. Cary Deck & Sebastian Ebert & Andreas Richter, 2018. "Special issue in honor of Harris Schlesinger: New developments in the study of risk preferences," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 1-4, May.
    2. Bar Light & Andres Perlroth, 2019. "The Family of Alpha,[a,b] Stochastic Orders: Risk vs. Expected Value," Papers 1908.06398, arXiv.org, revised Apr 2021.
    3. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    4. Jordi Caballé & Joan-Maria Esteban, 2003. "Stochastic Dominance and Absolute Risk Aversion," Working Papers 9, Barcelona School of Economics.
    5. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.
    6. Elyès Jouini & Jean-Michel Marin & Clotilde Napp, 2010. "Discounting and Divergence of Opinion," Post-Print halshs-00176636, HAL.
    7. Burton Hollifield & Alan Kraus, "undated". "Defining bad news: Changes in return distribution that decrease risky asset demand," GSIA Working Papers 2007-E32, Carnegie Mellon University, Tepper School of Business.
    8. Gollier, Christian, 1996. "Deductible insurance and production: A comment," Insurance: Mathematics and Economics, Elsevier, vol. 19(1), pages 55-59, December.
    9. Octave Jokung & Sovan Mitra, 2019. "Asset Prices and Changes in Risk within a Bivariate Model," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 26(1), pages 47-60, March.

  88. Gollier, C. & Lindsey, J. & Zeckhauser, R., 1996. "Investment Flexibility and the Acceptance of Risk," Papers 96.421, Toulouse - GREMAQ.

    Cited by:

    1. Nocetti, Diego C., 2013. "The LeChatelier principle for changes in risk," Journal of Mathematical Economics, Elsevier, vol. 49(6), pages 460-466.
    2. Michael Haigh & John List, 2005. "Do professional traders exhibit myopic loss aversion? An experimental analysis," Artefactual Field Experiments 00052, The Field Experiments Website.
    3. Christian Gollier & Richard J. Zeckhauser, 1997. "Horizon Length and Portfolio Risk," NBER Technical Working Papers 0216, National Bureau of Economic Research, Inc.
    4. Gneezy, U. & Kapteyn, A. & Potters, J.J.M., 2003. "Evaluation periods and asset prices in a market experience," Other publications TiSEM 55910884-79d7-483c-abbb-1, Tilburg University, School of Economics and Management.
    5. Iñigo Iturbe-Ormaetxe Kortajarene & Giovanni Ponti & Josefa Tomás Lucas, 2015. "Some (Mis)facts about Myopic Loss Aversion," Working Papers. Serie AD 2015-09, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    6. Gollier, Christian, 2005. "Does Flexibility Enhance Risk Tolerance?," IDEI Working Papers 390, Institut d'Économie Industrielle (IDEI), Toulouse.
    7. Shahzadah Nayyar Jehan, 2021. "Due Diligence and Risk Alleviation in Innovative Ventures—An Alternative Investment Model from Islamic Finance," JRFM, MDPI, vol. 14(6), pages 1-13, June.
    8. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.

  89. Eeckhoudt, L. & Gollier, C. & Schlesinger, H., 1996. "The No Loss Offset Provision and the Attitude Towards Risk of a Risk-Neutral Firm," Papers 96.409, Toulouse - GREMAQ.

    Cited by:

    1. Niemann, Rainer, 2003. "Wie schädlich ist die Mindestbesteuerung? Steuerparadoxa in der Verlustrechnung," Tübinger Diskussionsbeiträge 259, University of Tübingen, School of Business and Economics.
    2. Mehdi Farsi, 2008. "Risk-Aversion and Willingness to Pay for Energy Efficient Systems in Rental Apartments," CEPE Working paper series 08-55, CEPE Center for Energy Policy and Economics, ETH Zurich.
    3. Rainer Niemann, 2004. "Asymmetric Taxation and Cross-Border Investment Decisions," CESifo Working Paper Series 1219, CESifo.
    4. Haufler, Andreas & Mardan, Mohammed, 2014. "Cross-border loss offset can fuel tax competition," Munich Reprints in Economics 27297, University of Munich, Department of Economics.
    5. Daniel Dreßler & Michael Overesch, 2013. "Investment impact of tax loss treatment—empirical insights from a panel of multinationals," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(3), pages 513-543, June.
    6. Kogler, Michael, 2019. "Profit Taxation and Bank Risk Taking," Economics Working Paper Series 1918, University of St. Gallen, School of Economics and Political Science.
    7. Joann Martens Weiner & Marcel Gérard, 2006. "Comment la compensation internationale des pertes et la répartition proportionnelle des revenus imposables peuvent affecter les choix des multinationales et la concurrence fiscale," Économie et Prévision, Programme National Persée, vol. 173(2), pages 65-77.
    8. Caren Sureth & Ralf Maiterth, 2008. "The impact of minimum taxation by an imputable wealth tax on capital budgeting and business strategy of German companies," Review of Managerial Science, Springer, vol. 2(2), pages 81-110, July.
    9. Ralf Ewert & Rainer Niemann, 2011. "Haftungsbeschränkungen, Verlustverrechnungsbeschränkungen und die Bereitschaft zur Risikoübernahme," Schmalenbach Journal of Business Research, Springer, vol. 63(63), pages 94-131, January.
    10. Fochmann, Martin & Hemmerich, Kristina & Kiesewetter, Dirk, 2016. "Intrinsic and extrinsic effects on behavioral tax biases in risky investment decisions," Journal of Economic Psychology, Elsevier, vol. 56(C), pages 218-231.
    11. Caren Sureth & Ralf Maiterth, 2006. "Wealth Tax As Alternative Minimum Tax ? - the Impact of Minimum Taxation on Business Structure and Strategy -," EcoMod2006 272100093, EcoMod.
    12. Sureth, Caren & Voß, Armin, 2005. "Investitionsbereitschaft und zeitliche Indifferenz bei Realinvestitionen unter Unsicherheit und Steuern," arqus Discussion Papers in Quantitative Tax Research 2, arqus - Arbeitskreis Quantitative Steuerlehre.
    13. Marcel Gérard & Joann Weiner, 2003. "Cross-Border Loss Offset and Formulary Apportionment: How do they affect multijurisdictional firm investment spending and interjurisdictional tax competition ?," CESifo Working Paper Series 1004, CESifo.
    14. Fochmann, Martin & Hemmerich, Kristina, 2014. "Real tax effects and tax perception effects in decisions on asset allocation," arqus Discussion Papers in Quantitative Tax Research 156, arqus - Arbeitskreis Quantitative Steuerlehre.
    15. Gollier, Christian, 2007. "The Determinants of the Insurance Demand by Firms," IDEI Working Papers 468, Institut d'Économie Industrielle (IDEI), Toulouse.
    16. Rainer Niemann, 2006. "Wirkungen der Abschnittsbesteuerung auf internationale Investitions- und Repatriierungsentscheidungen," Schmalenbach Journal of Business Research, Springer, vol. 58(7), pages 928-957, November.
    17. Hlouskova, Jaroslava & Tsigaris, Panagiotis, 2020. "Capital income taxation under full loss offset provisions of a prospect theory investor," IHS Working Paper Series 11, Institute for Advanced Studies.
    18. Yiqing Xing & Anqi Li, 2014. "Simple Labor Income Tax Systems with Endogenous Employment Contracts," 2014 Meeting Papers 866, Society for Economic Dynamics.
    19. Rainer Niemann, 2011. "Asymmetric Taxation and Performance-Based Incentive Contracts," CESifo Working Paper Series 3363, CESifo.
    20. Niemann, Rainer, 2004. "Entscheidungswirkungen von Verlustverrechnungsbeschränkungen bei der Steuerplanung grenzüberschreitender Investitionen," Tübinger Diskussionsbeiträge 276, University of Tübingen, School of Business and Economics.
    21. Muzaffarjon Ahunov & Dilnovoz Abdurazzakova & Nurmukhammad Yusupov, 2019. "Who creates jobs in transition economies? The role of entrepreneurial risk preferences," Economics Bulletin, AccessEcon, vol. 39(3), pages 1876-1886.
    22. Ralf Ewert & Rainer Niemann, 2010. "Limited Liability, Asymmetric Taxation, and Risk Taking - Why Partial Tax Neutralities can be Harmful," CESifo Working Paper Series 3301, CESifo.
    23. Mehrmann, Annika & Sureth-Sloane, Caren, 2017. "Tax loss offset restrictions and biased perception of risky investments," arqus Discussion Papers in Quantitative Tax Research 222, arqus - Arbeitskreis Quantitative Steuerlehre.
    24. Wolfgang Buchholz & Kai A. Konrad, 2014. "Taxes on risky returns — an update," Working Papers tax-mpg-rps-2014-10, Max Planck Institute for Tax Law and Public Finance.
    25. Dinkel, Andreas, 2015. "Tax attractiveness and the allocation of risk within multinationals," arqus Discussion Papers in Quantitative Tax Research 189, arqus - Arbeitskreis Quantitative Steuerlehre.
    26. Niemann, Rainer, 2007. "Risikoübernahme, Arbeitsanreiz und differenzierende Besteuerung," arqus Discussion Papers in Quantitative Tax Research 28, arqus - Arbeitskreis Quantitative Steuerlehre.
    27. Henri LOUBERGE & Harris SCHLESINGER, 1999. "Optimal Catastrophe Insurance with Multiple Catastrophes," FAME Research Paper Series rp7, International Center for Financial Asset Management and Engineering.

  90. G. Dionne & C. Gollier, 1996. "A model of comparative statics for changes in stochastic returns with dependent risky assets," THEMA Working Papers 96-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.

    Cited by:

    1. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    2. Anissa Chaibi & Maria-Lenuta Ciupac-Ulici & Mircea-Cristian Gherman, 2014. "Do Recent Stochastic Tools Help to Better Understand Investors Preference and Asset Allocation?," Working Papers 2014-130, Department of Research, Ipag Business School.
    3. Amigues, Jean-Pierre & Favard, Pascal & Gaudet, Gerard & Moreaux, Michel, 1998. "On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute Is Limited," Journal of Economic Theory, Elsevier, vol. 80(1), pages 153-170, May.
    4. K. Dachraoui & G. Dionne, 2001. "Stochastic Dominance and Optimal Portfolio," THEMA Working Papers 2001-01, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    5. Inmaculada Rodríguez-Puerta & Alberto A. Álvarez-López, 2022. "A model for the optimal selection of lenders," Annals of Operations Research, Springer, vol. 313(2), pages 1269-1284, June.
    6. Burton Hollifield & Alan Kraus, "undated". "Defining bad news: Changes in return distribution that decrease risky asset demand," GSIA Working Papers 2007-E32, Carnegie Mellon University, Tepper School of Business.
    7. Choi, Gyemyung & Kim, Iltae & Snow, Arthur, 2000. "Comparative statics predictions for the cross-effects of central dominance changes in risk with quasilinear payoffs," Economics Letters, Elsevier, vol. 66(1), pages 41-48, January.

  91. Christian Gollier & Pierre-François Koehl & Jean-Charles Rochet, 1996. "Risk-Taking Behavior with Limited Liability and Risk Aversion," Center for Financial Institutions Working Papers 96-13, Wharton School Center for Financial Institutions, University of Pennsylvania.

    Cited by:

    1. G. Dari Mattiacci & G.G.A. de Geest, 2004. "When Will Judgment Proof Injurers Take Too Much Precaution?," Working Papers 04-27, Utrecht School of Economics.
    2. Christian Gourieroux & Jean-Paul Laurent & Olivier Scaillet, 2000. "Sensitivity analysis of Values at Risk," Post-Print hal-03676327, HAL.
    3. Palomino, Frédéric & Prat, Andrea, 1999. "Risk Taking and Optimal Contracts for Money Managers," CEPR Discussion Papers 2066, C.E.P.R. Discussion Papers.
    4. Stracca, Livio, 2005. "Delegated portfolio management: a survey of the theoretical literature," Working Paper Series 520, European Central Bank.
    5. Hernando Zuleta, 2006. "Poor people and risky business," Documentos de Trabajo 3356, Universidad del Rosario.
    6. Hans-Werner Sinn, 2001. "Risk Taking, Limited Liability and the Competition of Bank Regulators," CESifo Working Paper Series 603, CESifo.
    7. Christian Calm¨¨s & Raymond Th¨¦oret, 2016. "The Asymmetric Impact of Portfolio Mix on Bank Performance over the Business Cycle: U.S. and Canadian Evidence," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 57-74, February.
    8. Paolo Fegatelli, 2010. "The misconception of the option value of deposit insurance and the efficacy of non-risk-based capital requirements in the literature on bank capital regulation," BCL working papers 46, Central Bank of Luxembourg.
    9. Izhar, Hylmun, 2012. "Measuring Operational Risk Exposures in Islamic Banking: A Proposed Measurement Approach," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 20, pages 45-86.
    10. Bali, Turan G. & Neftci, Salih N., 2003. "Disturbing extremal behavior of spot rate dynamics," Journal of Empirical Finance, Elsevier, vol. 10(4), pages 455-477, September.
    11. Shuyun May Li, 2008. "Costly External Finance, Reallocation, and Aggregate Productivity," Department of Economics - Working Papers Series 1044, The University of Melbourne.
    12. Fegatelli, Paolo, 2010. "The misconception of the option value of deposit insurance and the efficacy of non-risk-based capital requirements in the literature on bank capital regulation," Journal of Financial Stability, Elsevier, vol. 6(2), pages 79-84, June.

  92. Beatriz Armendariz de Aghion & Christian Gollier, 1996. "Peer Grouping in An Adverse Selection Model," Discussion Papers 96-24 ISSN 1350-6722, University College London, Department of Economics.

    Cited by:

    1. Jonathan Conning, 2005. "Monitoring by Peers or by Delegates? Joint Liability Loans and Moral Hazard," Economics Working Paper Archive at Hunter College 407, Hunter College Department of Economics.
    2. Conning, Jonathan, 1999. "Outreach, sustainability and leverage in monitored and peer-monitored lending," Journal of Development Economics, Elsevier, vol. 60(1), pages 51-77, October.

  93. Eeckhoudt, L. & Gollier, C., 1996. "The Insurance of Low Probability Events," Papers 976.423, Toulouse - GREMAQ.

    Cited by:

    1. Cohen Alma, 2006. "The Disadvantages of Aggregate Deductibles," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-28, April.
    2. Howard Kunreuther & Erwann Michel-Kerjan & Beverly Porter, 2003. "Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism," NBER Working Papers 10179, National Bureau of Economic Research, Inc.
    3. Eric Langlais, 2008. "On insurance contract design for low probability events," EconomiX Working Papers 2008-33, University of Paris Nanterre, EconomiX.
    4. Christian Gollier, 2005. "Some Aspects of the Economics of Catastrophe Risk Insurance," CESifo Working Paper Series 1409, CESifo.

  94. EECKHOUDT, Louis & Christian GOLLIER & Harris SCHLESINGER, 1994. "Changes in Background Risk and Risk Taking Behavior," Working Papers 005, Risk and Insurance Archive.

    Cited by:

    1. Caballe, J & Pomansky, A, 1996. "Complete Monotonicity, Background Risk, and Risk Aversion," UFAE and IAE Working Papers 357.96, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Mario Menegatti, 2009. "Optimal saving in the presence of two risks," Journal of Economics, Springer, vol. 96(3), pages 277-288, April.
    3. Courbage, Christophe & Rey, Béatrice, 2012. "Optimal prevention and other risks in a two-period model," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 213-217.
    4. Constantinos Antoniou & Glenn Harrison & Morten Lau & Daniel Read, 2015. "Subjective Bayesian beliefs," Journal of Risk and Uncertainty, Springer, vol. 50(1), pages 35-54, February.
    5. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    6. Benjamin Balzer & Antonio Rosato, 2021. "Expectations-Based Loss Aversion in Auctions with Interdependent Values: Extensive vs. Intensive Risk," Management Science, INFORMS, vol. 67(2), pages 1056-1074, February.
    7. Dachraoui, Kais & Dionne, Georges & Eeckhoudt, Louis & Godfroid, Philippe, 2004. "Comparative mixed risk aversion: Definition and application to self-protection and willingness to pay," Working Papers 03-2, HEC Montreal, Canada Research Chair in Risk Management.
    8. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    9. Hennessy, David A. & Babcock, Bruce A., 1998. "Information, flexibility, and value added1," Information Economics and Policy, Elsevier, vol. 10(4), pages 431-449, December.
    10. Guo, Xu & Wong, Wing-Keung & Zhu, Lixing, 2013. "Two-moment decision model for location-scale family with background asset," MPRA Paper 43864, University Library of Munich, Germany.
    11. White, Lucy & Esö, Péter, 2003. "Precautionary Bidding in Auctions," CEPR Discussion Papers 3975, C.E.P.R. Discussion Papers.
    12. Desu Liu & Mario Menegatti, 2019. "Optimal saving and health prevention," Journal of Economics, Springer, vol. 128(2), pages 177-191, October.
    13. Henry Chiu, W., 2020. "Financial risk taking in the presence of correlated non-financial background risk," Journal of Mathematical Economics, Elsevier, vol. 88(C), pages 167-179.
    14. Cary Deck & Harris Schlesinger, 2008. "Exploring Higher-Order Risk Effects," CESifo Working Paper Series 2487, CESifo.
    15. Arnaud Reynaud & Cécile Aubert, 2020. "Does flood experience modify risk preferences? Evidence from an artefactual field experiment in Vietnam," Post-Print hal-03050685, HAL.
    16. Noussair, C.N. & Trautmann, S.T. & van de Kuilen, G., 2011. "Higher Order Risk Attitudes, Demographics, and Financial Decisions," Other publications TiSEM e49b7f3c-c3f2-4d37-8d24-0, Tilburg University, School of Economics and Management.
    17. Wattanatorn, Woraphon & Padungsaksawasdi, Chaiyuth, 2021. "Cokurtosis and the Ability of Mutual Fund Managers," Finance Research Letters, Elsevier, vol. 40(C).
    18. Udo EBERT & Patrick MOYES, 2017. "The Impact of Talents and Preferences on Income Inequality," Cahiers du GREThA (2007-2019) 2017-15, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    19. Asplund, Marcus, 2002. "Risk-averse firms in oligopoly," International Journal of Industrial Organization, Elsevier, vol. 20(7), pages 995-1012, September.
    20. Wang, Jianli & Li, Jingyuan, 2014. "Decreasing Ross risk aversion: Higher-order generalizations and implications," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 136-142.
    21. Fels, Markus, 2015. "Mental accounting, access motives, and overinsurance," Working Paper Series in Economics 69, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    22. Louis Eeckhoudt & Harris Schlesinger, 2005. "Putting Risk in its Proper Place," CESifo Working Paper Series 1462, CESifo.
    23. Lu, ZhiYi & Liu, LePing & Zhang, JianYu & Meng, LiLi, 2012. "Optimal insurance under multiple sources of risk with positive dependence," Insurance: Mathematics and Economics, Elsevier, vol. 51(2), pages 462-471.
    24. Schroyen, Fred & Treich, Nicolas, 2016. "The power of money: Wealth effects in contests," Games and Economic Behavior, Elsevier, vol. 100(C), pages 46-68.
    25. Clemens Hetschko & Malte Preuss, 2015. "Income in Jeopardy: How Losing Employment Affects the Willingness to Take Risks," SOEPpapers on Multidisciplinary Panel Data Research 813, DIW Berlin, The German Socio-Economic Panel (SOEP).
    26. Thomas Eichner & Andreas Wagener, 2005. "Notes and Comments: Measures of risk attitude: correspondences between mean-variance and expected-utility approaches," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 28(1), pages 53-65, June.
    27. Dionne, Georges & Li, Jingyuan, 2014. "Comparative Ross risk aversion in the presence of mean dependent risks," Journal of Mathematical Economics, Elsevier, vol. 51(C), pages 128-135.
    28. Sebastian Ebert & Daniel Wiesen, 2014. "Joint measurement of risk aversion, prudence, and temperance," Journal of Risk and Uncertainty, Springer, vol. 48(3), pages 231-252, June.
    29. Anissa Chaibi & Maria-Lenuta Ciupac-Ulici & Mircea-Cristian Gherman, 2014. "Do Recent Stochastic Tools Help to Better Understand Investors Preference and Asset Allocation?," Working Papers 2014-130, Department of Research, Ipag Business School.
    30. Guiso, L. & Jappelli, T., 1996. "Background UNcertainty and the Demand for Insurance Against Insurable Risks," Papers 284, Banca Italia - Servizio di Studi.
    31. Hao Zheng & Yi Yao & Yinglu Deng & Feng Gao, 2022. "Information asymmetry, ex ante moral hazard, and uninsurable risk in liability coverage: Evidence from China's automobile insurance market," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 131-160, March.
    32. Chen, Xuanjuan & Sun, Zhenzhen & Yao, Tong & Yu, Tong, 2020. "Does operating risk affect portfolio risk? Evidence from insurers' securities holding," Journal of Corporate Finance, Elsevier, vol. 62(C).
    33. Lionel Page & David Savage & Benno Torgler, 2012. "Variation in risk seeking behavior in a natural experiment on large losses induced by a natural disaster," CREMA Working Paper Series 2012-07, Center for Research in Economics, Management and the Arts (CREMA).
    34. Glenn W. Harrison & Andre Hofmeyr & Harold Kincaid & Brian Monroe & Don Ross & Mark Schneider & J. Todd Swarthout, 2022. "Subjective beliefs and economic preferences during the COVID-19 pandemic," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 795-823, June.
    35. Peter Eso & Lucy White, 2000. "Precautionary Bidding: First Price Auctions with Stochastic Private Values," Econometric Society World Congress 2000 Contributed Papers 1116, Econometric Society.
    36. Bryan, Gharad & Chowdhury, Shyamal & Mobarak Mushfiq, Ahmed, 2014. "Underinvestment in a profitable technology: the case of seasonal migration in Bangladesh," LSE Research Online Documents on Economics 60152, London School of Economics and Political Science, LSE Library.
    37. Broll, Udo & Guo, Xu & Welzel, Peter & Wong, Wing-Keung, 2015. "The banking firm and risk taking in a two-moment decision model," Economic Modelling, Elsevier, vol. 50(C), pages 275-280.
    38. Stark, Oded & Szczygielski, Krzysztof, 2019. "The likelihood of divorce and the riskiness of financial decisions," University of Tübingen Working Papers in Business and Economics 121, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    39. Christoph Basten & Andreas Fagereng & Kjetil Telle, 2012. "Saving and portfolio allocation before and after job loss," Discussion Papers 672, Statistics Norway, Research Department.
    40. Clarke, Danielle & Das, Narayan C. & de Nicola, Francesca & Hill, Ruth Vargas & Kumar, Neha & Mehta, Parendi, 2012. "The value of customized insurance for farmers in rural Bangladesh:," IFPRI discussion papers 1202, International Food Policy Research Institute (IFPRI).
    41. Christos I. Giannikos & Georgios Koimisis, 2021. "Equity Premium with Habits, Wealth Inequality and Background Risk," JRFM, MDPI, vol. 14(7), pages 1-15, July.
    42. Bleichrodt, Han & Crainich, David & Eeckhoudt, Louis, 2003. "The effect of comorbidities on treatment decisions," Journal of Health Economics, Elsevier, vol. 22(5), pages 805-820, September.
    43. Mohamed Belhaj & Renaud Bourlès & Frédéric Deroïan, 2014. "Risk-Taking and Risk-Sharing Incentives under Moral Hazard," Post-Print hal-01474430, HAL.
    44. Günter Franke & Harris Schlesinger & Richard C. Stapleton, 2011. "Risk Taking with Additive and Multiplicative Background Risks," Working Paper Series of the Department of Economics, University of Konstanz 2011-25, Department of Economics, University of Konstanz.
    45. K. P. M. van Winssen & R. C. van Kleef & W. P. M. M. van de Ven, 2016. "The demand for health insurance and behavioural economics," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 17(6), pages 653-657, July.
    46. Gollier, Christian & John W. PRATT, 1993. "Weak Proper Risk Aversion And The Tempering Effect of Background Risk," Working Papers 018, Risk and Insurance Archive.
    47. Huang, Xiaoxia & Ma, Di & Choe, Kwang-Il, 2023. "Uncertain mean–variance portfolio model with inflation taking linear uncertainty distributions," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 203-217.
    48. Rose-Anne Dana & Marco Scarsini, 2005. "Optiml risk sharing with backbround risk," Post-Print hal-00360158, HAL.
    49. Shaik, Saleem & Coble, Keith H. & Knight, Thomas O., 2005. "Revenue Crop Insurance Demand," 2005 Annual meeting, July 24-27, Providence, RI 19319, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    50. Harrison, Glenn W. & Martínez-Correa, Jimmy & Swarthout, J. Todd, 2015. "Reduction of compound lotteries with objective probabilities: Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 32-55.
    51. Katsuo Kogure & Yoshito Takasaki, 2016. "Conflict, Institutions, and Economic Behavior: Legacies of the Cambodian Genocide," CIRJE F-Series CIRJE-F-1034, CIRJE, Faculty of Economics, University of Tokyo.
    52. Ignaciuk, Ada & Malevolti, Giulia & Scognamillo, Antonio & Sitko, Nicholas J., 2022. "Can food aid relax farmers’ constraints to adopting climate-adaptive agricultural practices? Evidence from Ethiopia, Malawi and the United Republic of Tanzania," ESA Working Papers 324073, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    53. Guiso, Luigi, 2012. "Household Finance: An Emerging Field," CEPR Discussion Papers 8934, C.E.P.R. Discussion Papers.
    54. Thomas Eichner, 2008. "Mean Variance Vulnerability," Management Science, INFORMS, vol. 54(3), pages 586-593, March.
    55. Andreas Oehler & Matthias Horn, 2021. "Behavioural portfolio theory revisited: lessons learned from the field," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(S1), pages 1743-1774, April.
    56. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    57. Udo Ebert & Patrick Moyes, 2018. "Talents, preferences and income inequality," Post-Print hal-03124981, HAL.
    58. DENUIT, Michel M. & EECKHOUDT, Louis & MENEGATTI, Mario, 2011. "Correlated risks, bivariate utility and optimal choices," LIDAM Reprints CORE 2272, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    59. Luigi Guiso & Monica Paiella, 2007. "Risk Aversion, Wealth, and Background Risk," Economics Working Papers ECO2007/47, European University Institute.
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    1. Cary Deck & Harris Schlesinger, 2008. "Exploring Higher-Order Risk Effects," CESifo Working Paper Series 2487, CESifo.
    2. Mehdi Farsi, 2008. "Risk-Aversion and Willingness to Pay for Energy Efficient Systems in Rental Apartments," CEPE Working paper series 08-55, CEPE Center for Energy Policy and Economics, ETH Zurich.
    3. W. Henry Chiu, 2005. "Skewness Preference, Risk Aversion, and the Precedence Relations on Stochastic Changes," Management Science, INFORMS, vol. 51(12), pages 1816-1828, December.
    4. Louis Eeckhoudt & Harris Schlesinger, 2005. "Putting Risk in its Proper Place," CESifo Working Paper Series 1462, CESifo.
    5. Claudia Kelsall & Martin F Quaas & Nicolas Quérou, 2023. "Risk aversion in renewable resource harvesting," Post-Print hal-04190160, HAL.
    6. Menezes, Carmen F. & Wang, X.Henry, 2005. "Increasing outer risk," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 875-886, November.
    7. Chateauneuf, A. & Gajdos, T. & Wilthien, P.-H., 1999. "The Principle of Strong Kiminishing Transfer," Papiers d'Economie Mathématique et Applications 1999-96, Université Panthéon-Sorbonne (Paris 1).
    8. Shraddha Pathak & Ankur A. Kulkarni, 2022. "A Scalable Bayesian Persuasion Framework for Epidemic Containment on Heterogeneous Networks," Papers 2207.11578, arXiv.org.
    9. Phuong Bui & David Crainich & Louis Eeckhoudt, 2005. "Allocating health care resources under risk: risk aversion and prudence matter," Health Economics, John Wiley & Sons, Ltd., vol. 14(10), pages 1073-1077, October.
    10. Monica Billio & Bertrand Maillet & Loriana Pelizzon, 2022. "A meta-measure of performance related to both investors and investments characteristics," Annals of Operations Research, Springer, vol. 313(2), pages 1405-1447, June.
    11. Duane Rockerbie & Stephen Easton, 2018. "Revenue Sharing in Major League Baseball: The Moments That Meant so Much," IJFS, MDPI, vol. 6(3), pages 1-16, August.
    12. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    13. Anna Bottasso & Sébastien Duchêne & Eric Guerci & Nobuyuki Hanaki & Charles Noussair, 2022. "Higher order risk attitudes of financial experts," Post-Print hal-03664148, HAL.
    14. Gollier, Christian, 2019. "A general theory of risk apportionment," TSE Working Papers 19-1003, Toulouse School of Economics (TSE).
    15. Christophe Courbage & Béatrice Rey, 2010. "On Non‐Monetary Measures In The Face Of Risks And The Signs Of The Derivatives," Bulletin of Economic Research, Wiley Blackwell, vol. 62(3), pages 295-304, July.
    16. Donatella Baiardi & Marco Magnani & Mario Menegatti, 2020. "The theory of precautionary saving: an overview of recent developments," Review of Economics of the Household, Springer, vol. 18(2), pages 513-542, June.
    17. Kubitza, Christian & Hofmann, Annette & Steinorth, Petra, 2019. "Financial literacy and precautionary insurance," ICIR Working Paper Series 34/19, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
    18. Thomas Mayrhofer, 2017. "Skewed background risks and higher-order risk preferences: prudent versus temperate behavior," Applied Economics Letters, Taylor & Francis Journals, vol. 24(5), pages 338-341, March.
    19. Bernard Sinclair-Desgagné & Marie-Cécile Fagart, 2004. "Auditing policies and information," Econometric Society 2004 North American Winter Meetings 86, Econometric Society.
    20. Osberghaus, Daniel & Reif, Christiane, 2020. "How do different compensation schemes and loss experience affect insurance decisions? Experimental evidence from two independent and heterogeneous samples," ZEW Discussion Papers 20-072, ZEW - Leibniz Centre for European Economic Research.
    21. Lionel Thomas, 2016. "The optimal contract under adverse selection in a moral-hazard model with a risk-averse agent," Working Papers hal-01374709, HAL.
    22. Patrick Roger, 2011. "Mixed risk aversion and preference for risk disaggregation: a story of moments," Theory and Decision, Springer, vol. 70(1), pages 27-44, January.
    23. Nakamura, Yutaka, 2015. "Differentiability of von Neumann–Morgenstern utility functions," Journal of Mathematical Economics, Elsevier, vol. 60(C), pages 74-80.
    24. Marie-Cécile Fagart & Bernard Sinclair-Desgagné, 2002. "Auditing Policies and Information Systems in Principal-Agent Analysis," CIRANO Working Papers 2002s-18, CIRANO.
    25. Bonilla, Claudio A. & Vergara, Marcos, 2013. "Credit rationing or entrepreneurial risk aversion? A comment," Economics Letters, Elsevier, vol. 120(2), pages 329-331.
    26. Qian Liu & Garrett J. van Ryzin, 2008. "Strategic Capacity Rationing to Induce Early Purchases," Management Science, INFORMS, vol. 54(6), pages 1115-1131, June.
    27. Monika Mrázová & J. Peter Neary, 2017. "Not So Demanding: Demand Structure and Firm Behavior," American Economic Review, American Economic Association, vol. 107(12), pages 3835-3874, December.
    28. Lionel Thomas, 2016. "The optimal contract under adverse selection in a moral-hazard model with a risk-averse agent," Working Papers 2016-09, CRESE.
    29. Darius N. Lakdawalla & Charles E. Phelps, 2019. "Evaluation of Medical Technologies with Uncertain Benefits," NBER Working Papers 26058, National Bureau of Economic Research, Inc.
    30. Christian Gollier, 2005. "The Consumption-Based Determinants of the Term Structure of Discount Rates," CESifo Working Paper Series 1375, CESifo.
    31. Eeckhoudt, Louis R. & Laeven, Roger J.A. & Schlesinger, Harris, 2020. "Risk apportionment: The dual story," Journal of Economic Theory, Elsevier, vol. 185(C).
    32. Mayrhofer, Thomas & Schmitz, Hendrik, 2020. "Prudence and prevention: Empirical evidence," Ruhr Economic Papers 863, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    33. AMIR, Rabah & CZUPRYNA, Marcin, 2004. "On inverse utility and third-order effects in the economics of uncertainty," LIDAM Discussion Papers CORE 2004045, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    34. Paulsson, Thomas & Sproule, Robert, 2002. "Stochastically dominating shifts and the competitive firm," European Journal of Operational Research, Elsevier, vol. 141(1), pages 107-112, August.
    35. Gollier, Christian, 2017. "Variance stochastic orders," TSE Working Papers 17-828, Toulouse School of Economics (TSE).
    36. François Maréchal & Lionel Thomas, 2018. "The Optimal Contract under Adverse Selection in a Moral-Hazard Model with a Risk-Averse Agent," Games, MDPI, vol. 9(1), pages 1-22, March.
    37. Kanchan Joshi & Thiagu Ranganathan & Ram Ranjan, 2021. "Exploring Higher Order Risk Preferences of Farmers in a Water-Scarce Region: Evidence from a Field Experiment in West Bengal, India," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(2), pages 317-344, June.
    38. Thomas Paulsson & Robert Sproule & Andreas Wagener, 2005. "The Demand For A Risky Asset: Signing, Jointly And Separately, The Effects Of Three Distributional Shifts," Metroeconomica, Wiley Blackwell, vol. 56(2), pages 221-232, May.
    39. Thierry Schneider & Caroline Schieber & Louis Eeckhoudt & Christian Gollier, 1997. "Economics of Radiation Protection: Equity Considerations," Theory and Decision, Springer, vol. 43(3), pages 241-251, November.
    40. Lakdawalla, Darius N. & Phelps, Charles E., 2020. "Health technology assessment with risk aversion in health," Journal of Health Economics, Elsevier, vol. 72(C).

  97. Gollier, Christian & John W. PRATT, 1993. "Weak Proper Risk Aversion And The Tempering Effect of Background Risk," Working Papers 018, Risk and Insurance Archive.

    Cited by:

    1. Gollier, Christian, 1994. "Dynamic Risk Taking With Indivisible Risks," Working Papers 013, Risk and Insurance Archive.
    2. Guiso, Luigi & Jappelli, Tullio, 2000. "Household Portfolios in Italy," CEPR Discussion Papers 2549, C.E.P.R. Discussion Papers.
    3. EECKHOUDT, Louis & Christian GOLLIER & Harris SCHLESINGER, 1994. "Changes in Background Risk and Risk Taking Behavior," Working Papers 005, Risk and Insurance Archive.
    4. Eeckhoudt, Louis & Gollier, Christian & Schneider, Thierry, 1995. "Risk-aversion, prudence and temperance: A unified approach," Economics Letters, Elsevier, vol. 48(3-4), pages 331-336, June.

  98. Gollier, Christian, 1993. "Portfolio Dominance, Lower Conditional Expectation And The Monotone Likelihood Ratio Order," Working Papers 014, Risk and Insurance Archive.

    Cited by:

    1. Machnes, Yaffa, 1995. "Deductible insurance and production," Insurance: Mathematics and Economics, Elsevier, vol. 17(2), pages 119-123, October.
    2. C. Henin & N. Pistre, 1996. "Bounding the generalized convex call price," The European Journal of Finance, Taylor & Francis Journals, vol. 2(3), pages 239-259.

  99. Dionne, G. & Gollier, C., 1992. "Simple Increases in Risk and Their Comparative Statics for Portfolio Management," Cahiers de recherche 9203, Universite de Montreal, Departement de sciences economiques.

    Cited by:

    1. Suyeol Ryu & Iltae Kim, 2005. "Portfolio Choice for Increases in Risk and Prudence Revisited," Journal of Economics, Springer, vol. 86(3), pages 293-300, December.

  100. Dionne, G. & Gollier, C., 1991. "Comparative Statics Under Multiple Sources of Risk with Appllications to Insurance Demand," Cahiers de recherche 9133, Universite de Montreal, Departement de sciences economiques.

    Cited by:

    1. Guiso, L. & Jappelli, T., 1996. "Background UNcertainty and the Demand for Insurance Against Insurable Risks," Papers 284, Banca Italia - Servizio di Studi.
    2. Huang, Baoan & Miao, Jianjun & Zhang, Zongliang & Zhao, Dianbo, 2016. "Some new results about optimal insurance demand under uncertainty," Finance Research Letters, Elsevier, vol. 17(C), pages 280-284.
    3. CHIU, W. Henry & EECKHOUDT, Louis & REY, Béatrice, 2012. "On relative and partial risk attitudes: theory and implications," LIDAM Reprints CORE 2431, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Eichner, Thomas & Wagener, Andreas, 2014. "Insurance demand and first-order risk increases under (μ,σ)-preferences revisited," Finance Research Letters, Elsevier, vol. 11(4), pages 326-331.
    5. Gollier, Christian, 2009. "Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion," TSE Working Papers 09-068, Toulouse School of Economics (TSE).
    6. Alain Chateauneuf & Ghizlane Lakhnati, 2005. "Increases in risk and demand for risky asset," Cahiers de la Maison des Sciences Economiques b05033, Université Panthéon-Sorbonne (Paris 1).
    7. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.
    8. Takashi Nishiwaki, 2021. "Does Ambiguity Generate Demand for Options?," Working Papers 2102, Waseda University, Faculty of Political Science and Economics.
    9. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
    10. Chuang, O-Chia & Kuan, Chung-Ming & Tzeng, Larry Y., 2017. "Testing for central dominance: Method and application," Journal of Econometrics, Elsevier, vol. 196(2), pages 368-378.
    11. Xu Guo & Andreas Wagener & Wing-Keung Wong & Lixing Zhu, 2018. "The two-moment decision model with additive risks," Risk Management, Palgrave Macmillan, vol. 20(1), pages 77-94, February.
    12. Alain Chateauneuf & Ghizlane Lakhnati, 2015. "Increases in risk and demand for a risky asset," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01161663, HAL.
    13. Suyeol Ryu & Iltae Kim, 2005. "Portfolio Choice for Increases in Risk and Prudence Revisited," Journal of Economics, Springer, vol. 86(3), pages 293-300, December.

  101. Dreze, J. & Gollier, C., 1990. "Risk-sharing on the labour market and second-best wage rigidities," LIDAM Discussion Papers CORE 1990067, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Van der Linden, Bruno, 1998. "Fighting unemployment without worsening povety: Basic income versus reductions of social security contributions," LIDAM Discussion Papers IRES 1999028, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 00 Oct 1999.
    2. Gorostiaga Alonso, Miren Arantzazu & Rubio-Ramírez, Juan F., 2004. "Optimal Minimum Wage in a Competitive Economy: an Alternative Modelling Approach," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    3. Herings, P.J.J. & Polemarchakis, H.M., 1999. "Pareto Improving Price Regulation when the Asset Market is Incomplete," Other publications TiSEM e8494eae-638c-4951-8a6b-e, Tilburg University, School of Economics and Management.
    4. DREZE, Jacques H. & HERINGS, P. Jean-Jacques, 2007. "Kinky perceived demand curves and Keynes-Negishi equilibria," LIDAM Discussion Papers CORE 2007075, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    5. Marc Fleurbaey & Stéphane Zuber, 2016. "Fair management of social risk," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00973480, HAL.
    6. Herings, P. Jean-Jacques, 2018. "Equilibrium and matching under price controls," Journal of Economic Theory, Elsevier, vol. 177(C), pages 222-244.
    7. Gollier, Christian, 1994. "Dynamic Risk Taking With Indivisible Risks," Working Papers 013, Risk and Insurance Archive.
    8. Herings, P.J.J. & Polemarchakis, H.M., 2000. "Equilibrium and arbitrage in incomplete asset markets with fixed prices," Research Memorandum 004, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    9. DRÈZE, Jacques H., 2001. "On the macroeconomics of uncertainty and incomplete markets," LIDAM Reprints CORE 1510, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    10. Pica Giovanni, 2010. "Capital Markets Integration and Labor Market Institutions," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-57, March.
    11. Herings, P.J.J. & van der Laan, G. & Talman, A.J.J., 2004. "Equilibria with Coordination Failures," Other publications TiSEM 09a2dbab-9dce-433f-bac4-a, Tilburg University, School of Economics and Management.
    12. Geerings, J. & Bollen, L.H.H. & Hassink, H.F.D., 2002. "Investor relations on the internet: a survey in the Euronext zone," Research Memorandum 008, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    13. Jacques H. DREZE & Alain DURRE & Henri R. SNEESSENS, 2000. "Investment Stimulation, with Some Reference to Housing," Discussion Papers (REL - Recherches Economiques de Louvain) 2000013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    14. Dreze, Jacques H., 1997. "Walras--Keynes equilibria coordination and macroeconomics," European Economic Review, Elsevier, vol. 41(9), pages 1735-1762, December.
    15. DREZE, Jacques H., 2000. "Economic and social security in the twenty-first century, with attention to Europe," LIDAM Reprints CORE 1482, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    16. Arantza Gorostiaga & Juan F. Rubio-Ramirez, 2004. "Optimal minimum wage in a competitive economy," FRB Atlanta Working Paper 2004-30, Federal Reserve Bank of Atlanta.
    17. Herings, P. Jean-Jacques & Konovalov, Alexander, 2009. "Constrained suboptimality when prices are non-competitive," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 43-58, January.
    18. Hungerbühler, Mathias & Lehmann, Etienne, 2007. "On the Optimality of a Minimum Wage: New Insights from Optimal Tax Theory," IZA Discussion Papers 2957, Institute of Labor Economics (IZA).
    19. Dolado, Juan J & Jimeno, Juan Francisco & Felgueroso, Florentino, 2000. "The Role Of The Minimum Wage In The Welfare State: An Appraisal," CEPR Discussion Papers 2452, C.E.P.R. Discussion Papers.
    20. David Lee & Emmanuel Saez, 2008. "Optimal Minimum Wage Policy in Competitive Labor Markets," NBER Working Papers 14320, National Bureau of Economic Research, Inc.
    21. Herings, P.J.J., 2001. "Coordinating thoughts on coordination failures," Research Memorandum 030, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    22. Jacques H. Drèze, 2000. "Sur la macroéconomie de l'incertitude et des marchés incomplets," Revue de l'OFCE, Programme National Persée, vol. 72(1), pages 7-37.
    23. Juessen, Falko, 2008. "Risk Sharing and Commuting Among US Federal States," IZA Discussion Papers 3374, Institute of Labor Economics (IZA).
    24. Jääskelä, Jarkko, 1997. "Incomplete insurance market and its policy implication within European Monetary Union," Bank of Finland Research Discussion Papers 8/1997, Bank of Finland.
    25. Bouhtou, M. & van Hoesel, C.P.M. & van der Kraaij, A.F. & Lutton, J.L., 2002. "Linear tarification in multi-commodity telecommunications networks," Research Memorandum 012, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    26. Schroyen, Fred, 2010. "Income risk aversion with quantity constraints," Discussion Paper Series in Economics 8/2010, Norwegian School of Economics, Department of Economics.
    27. Fidrmuc, Jarko & Foster, Neil & Scharler, Johann, 2011. "Labour market rigidities and international risk sharing across OECD countries," Journal of International Money and Finance, Elsevier, vol. 30(4), pages 660-677, June.
    28. Nathan Lachapelle & Francesco Pascucci, 2021. "Wage Rigidities in a Quantitative Spatial Economy: Commuting and Local Unemployment," LIDAM Discussion Papers IRES 2021027, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    29. Gollier, Christian, 1996. "Decreasing absolute prudence: Characterization and applications to second-best risk sharing," European Economic Review, Elsevier, vol. 40(9), pages 1799-1815, December.

  102. GOLLIER, Ch., 1987. "Intergenerational discrimination in insider-outsider models with implicit labour contracts," LIDAM Discussion Papers CORE 1987032, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Torben Andersen & Henrik Vetter, 1995. "Equilibrium youth unemployment," Journal of Economics, Springer, vol. 61(1), pages 1-10, February.

  103. GOLLIER, Ch., 1985. "The design of optimal insurance contracts without the nonnegativity constraint on claims," LIDAM Discussion Papers CORE 1985039, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Ghossoub, Mario, 2019. "Budget-constrained optimal insurance without the nonnegativity constraint on indemnities," Insurance: Mathematics and Economics, Elsevier, vol. 84(C), pages 22-39.
    2. Ching-Ping Wang & Hung-Hsi Huang, 2012. "Optimal insurance contract and coverage levels under loss aversion utility preference," Quantitative Finance, Taylor & Francis Journals, vol. 12(10), pages 1615-1628, October.

  104. GOLLIER, Ch., 1985. "Pareto-optimal risk sharing with fixed costs per claim," LIDAM Discussion Papers CORE 1985046, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Marie-Cécile Fagart & Pierre Picard, 1999. "Optimal Insurance Under Random Auditing," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 24(1), pages 29-54, June.
    2. Dongsoo Shin & Sungho Yun, 2011. "Granting An Exit Option To Conduct An Audit," Bulletin of Economic Research, Wiley Blackwell, vol. 63(4), pages 438-463, October.
    3. Pierre Martinon & Pierre Picard & Anasuya Raj, 2018. "On the design of optimal health insurance contracts under ex post moral hazard," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(2), pages 137-185, September.
    4. Cohen Alma, 2006. "The Disadvantages of Aggregate Deductibles," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-28, April.
    5. Bénédicte Coestier & Nathalie Fombaron, 2003. "L'audit en assurance," THEMA Working Papers 2003-41, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    6. Guillaume Carlier & Rose-Anne Dana, 2003. "Pareto efficient insurance contracts when the insurer's cost function is discontinuous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(4), pages 871-893, June.
    7. Carole Bernard & Weidong Tian, 2010. "Insurance Market Effects of Risk Management Metrics," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 35(1), pages 47-80, June.
    8. Wildermuth, Andreas, 1999. "What kind of crop insurance for Russia?," IAMO Discussion Papers 20, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    9. Knut K. Aase, 2017. "Optimal Insurance Policies in the Presence of Costs," Risks, MDPI, vol. 5(3), pages 1-17, September.
    10. Carole Bernard & Shaolin Ji & Weidong Tian, 2013. "An optimal insurance design problem under Knightian uncertainty," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 36(2), pages 99-124, November.
    11. Christian Gollier, 2005. "Some Aspects of the Economics of Catastrophe Risk Insurance," CESifo Working Paper Series 1409, CESifo.
    12. Jean-Gabriel Lauzier, 2021. "Insurance design and arson-type risks," Papers 2112.06817, arXiv.org.
    13. Wildermuth, Andreas, 1999. "What Kind Of Crop Insurance For Russia?," IAMO Discussion Papers 14883, Institute of Agricultural Development in Transition Economies (IAMO).

  105. Edward Schlee & Christian Gollier, "undated". "Increased Risk-Bearing with Background Risk," Working Papers 2132848, Department of Economics, W. P. Carey School of Business, Arizona State University.

    Cited by:

    1. Wagener, Andreas & Zenker, Juliane, 2018. "Decoupled but not neutral: The effects of stochastic transfers on investment and incomes in rural Thailand," TVSEP Working Papers wp-008, Leibniz Universitaet Hannover, Institute of Development and Agricultural Economics, Project TVSEP.
    2. Huang, Hung-Hsi & Wang, Ching-Ping, 2013. "Portfolio selection and portfolio frontier with background risk," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 177-196.
    3. Hallegatte,Stephane & Bangalore,Mook & Jouanjean,Marie Agnes, 2016. "Higher losses and slower development in the absence of disaster risk management investments," Policy Research Working Paper Series 7632, The World Bank.
    4. Wagener, Andreas & Zenker, Juliane, 2015. "Stochastic Transfers, Risky Investment and Incomes: Evidence from an Income Guarantee Program in Thailand," Hannover Economic Papers (HEP) dp-562, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    5. Barbara Pfeffer, 2006. "Trade Policy and Risk Diversification," Volkswirtschaftliche Diskussionsbeiträge 126-06, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    6. Andreas Wagener & Juliane Zenker, 2021. "Decoupled but Not Neutral: The Effects of Counter‐Cyclical Cash Transfers on Investment and Incomes in Rural Thailand†," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(5), pages 1637-1660, October.

Articles

  1. Christian Gollier & Sébastien Pouget, 2022. "Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership," Economica, London School of Economics and Political Science, vol. 89(356), pages 997-1023, October.
    See citations under working paper version above.
  2. Christian Gollier, 2021. "Habit persistence reduces risk aversion," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(2), pages 214-223, April.

    Cited by:

    1. Christos I. Giannikos & Georgios Koimisis, 2021. "Equity Premium with Habits, Wealth Inequality and Background Risk," JRFM, MDPI, vol. 14(7), pages 1-15, July.

  3. Gollier, Christian, 2021. "A general theory of risk apportionment," Journal of Economic Theory, Elsevier, vol. 192(C).
    See citations under working paper version above.
  4. Gollier, Christian, 2021. "The Welfare Cost of Vaccine Misallocation, Delays and Nationalism," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 12(2), pages 199-226, July.
    See citations under working paper version above.
  5. Christian Gollier, 2020. "If the Objective is Herd Immunity, on Whom Should it be Built?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 671-683, August.
    See citations under working paper version above.
  6. Christian Gollier, 2020. "Pandemic economics: optimal dynamic confinement under uncertainty and learning," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 45(2), pages 80-93, September.
    See citations under working paper version above.
  7. Christian Gollier, 2020. "Cost–benefit analysis of age‐specific deconfinement strategies," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(6), pages 1746-1771, December.
    See citations under working paper version above.
  8. Christian Gollier, 2020. "Aversion to risk of regret and preference for positively skewed risks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 913-941, November.
    See citations under working paper version above.
  9. Gollier, Christian, 2019. "Valuation of natural capital under uncertain substitutability," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 54-66.
    See citations under working paper version above.
  10. Gollier, Christian, 2019. "Variance stochastic orders," Journal of Mathematical Economics, Elsevier, vol. 80(C), pages 1-8.
    See citations under working paper version above.
  11. Christian Gollier, 2019. "Le prix du risque climatique et le prix du carbone," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 171-182.

    Cited by:

    1. Antonin Pottier & Emmanuel Combet & Jean-Michel Cayla & Simona de Lauretis & Franck Nadaud, 2021. "Who emits CO2? Landscape of ecological inequalities in France from a critical perspective," Working Papers 2021.14, Fondazione Eni Enrico Mattei.

  12. Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018. "The climate beta," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 258-274.
    See citations under working paper version above.
  13. Gollier, Christian, 2018. "Stochastic volatility implies fourth-degree risk dominance: Applications to asset pricing," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 155-171.

    Cited by:

    1. Gollier, Christian, 2019. "A general theory of risk apportionment," TSE Working Papers 19-1003, Toulouse School of Economics (TSE).
    2. Christian Gollier, 2021. "A general theory of risk apportionment," Post-Print hal-04164327, HAL.
    3. Rachel J. Huang & Larry Y. Tzeng & Lin Zhao, 2020. "Fractional Degree Stochastic Dominance," Management Science, INFORMS, vol. 66(10), pages 4630-4647, October.

  14. Christian Gollier & Miles S. Kimball, 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 85(2), pages 397-430, June.
    See citations under working paper version above.
  15. Christian Gollier & Miles S. Kimball, 2018. "New methods in the classical economics of uncertainty: comparing risks," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 5-23, May.
    See citations under working paper version above.
  16. Gollier, Christian, 2016. "Gamma discounters are short-termist," Journal of Public Economics, Elsevier, vol. 142(C), pages 83-90.
    See citations under working paper version above.
  17. Catherine Bobtcheff & Thomas Chaney & Christian Gollier, 2016. "Analysis of Systemic Risk in the Insurance Industry," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 41(1), pages 73-106, March.

    Cited by:

    1. Eckert, Christian & Gatzert, Nadine & Heidinger, Dinah, 2020. "Empirically assessing and modeling spillover effects from operational risk events in the insurance industry," Insurance: Mathematics and Economics, Elsevier, vol. 93(C), pages 72-83.
    2. Gollier, C., 2015. "Long-term savings: the case of life insurance in France," Financial Stability Review, Banque de France, issue 19, pages 129-136, April.
    3. Fabiana Gómez & Jorge Ponce, 2018. "Systemic Risk and Insurance Regulation †," Risks, MDPI, vol. 6(3), pages 1-12, July.
    4. Billette de Villemeur, Etienne & Leroux, Justin, 2019. "Tradable climate liabilities: A thought experiment," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    5. Fabiana Gómez & Jorge Ponce, 2018. "Systemic risk and insurance regulation," Documentos de trabajo 2018003, Banco Central del Uruguay.

  18. Gollier, Christian, 2016. "Evaluation of long-dated assets: The role of parameter uncertainty," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 66-83.
    See citations under working paper version above.
  19. Frédérique Bec & Christian Gollier, 2015. "Cyclical and Term Structure of Value-at-Risk within a Threshold Autoregression Setup," Bankers, Markets & Investors, ESKA Publishing, issue 134, pages 18-32, January-F.

    Cited by:

    1. Frédérique Bec & Annabelle de Gaye, 2019. "Le modèle autorégressif autorégressif à seuil avec effet rebond : Une application aux rendements boursiers français et américains ," Working Papers hal-02014663, HAL.

  20. Christian Gollier and Jean Tirole, 2015. "Negotiating effective institutions against climate change," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).

    Cited by:

    1. Dolphin, Geoffroy & Pahle, Michael & Burtraw, Dallas & Kosch, Mirjam, 2022. "A Net-Zero Target Compels a Backwards Induction Approach to Climate Policy," RFF Working Paper Series 22-18, Resources for the Future.
    2. Marie Petitet & Dominique Finon & Tanguy Janssen, 2015. "Carbon price instead of support schemes : Windpower investments by the electricity markets," CIRED Working Papers hal-01108443, HAL.
    3. Borissov, Kirill & Brausmann, Alexandra & Bretschger, Lucas, 2019. "Carbon pricing, technology transition, and skill-based development," European Economic Review, Elsevier, vol. 118(C), pages 252-269.
    4. Raphaël-Homayoun Boroumand & Stéphane Goutte & Thomas Porcher & Thomas Stocker, 2020. "How to implement a fair and progressive carbon price to fight climate change?," Working Papers halshs-02613281, HAL.
    5. Vandyck, Toon & Saveyn, Bert & Keramidas, Kimon & Kitous, Alban & Vrontisi, Zoi, 2016. "A global stocktake of the Paris pledges: implications for energy systems and economy," Conference papers 332704, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Antón, Arturo, 2020. "Taxing crude oil: A financing alternative to mitigate climate change?," Energy Policy, Elsevier, vol. 136(C).
    7. Christian Gambardella & Michael Pahle & Wolf-Peter Schill, 2016. "Do Benefits from Dynamic Tariffing Rise? Welfare Effects of Real-Time Pricing under Carbon-Tax-Induced Variable Renewable Energy Supply," Discussion Papers of DIW Berlin 1621, DIW Berlin, German Institute for Economic Research.
    8. Lucas Bretschger, 2016. "Equity and the Convergence of Nationally Determined Climate Policies," CER-ETH Economics working paper series 16/246, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    9. Terrence Iverson, 2022. "Advancing Global Carbon Abatement with a Two-Tier Climate Club," CESifo Working Paper Series 9831, CESifo.
    10. Cecilia Bellora & Lionel Fontagné, 2022. "EU in Search of a WTO-Compatible Carbon Border Adjustment Mechanism," Working Papers 2022-01, CEPII research center.
    11. Grégoire Garsous & Tomasz Kozluk, 2017. "Foreign Direct Investment and The Pollution Haven Hypothesis: Evidence from Listed Firms," OECD Economics Department Working Papers 1379, OECD Publishing.
    12. Grzegorz Peszko & Dominique van der Mensbrugghe & Alexander Golub & John Ward & Dimitri Zenghelis & Cor Marijs & Anne Schopp & John A. Rogers & Amelia Midgley, 2020. "Diversification and Cooperation in a Decarbonizing World," World Bank Publications - Books, The World Bank Group, number 34011, December.
    13. Frondel, Manuel, 2017. "Deutschlands Klimapolitik: Höchste Zeit für einen Strategiewechsel," RWI Materialien 117, RWI - Leibniz-Institut für Wirtschaftsforschung.
    14. Pietro De Ponti & Matteo Romagnoli, 2022. "Financial implications of the EU Emission Trading System: an analysis of wavelet coherence and volatility spillovers," Working Papers 2022.22, Fondazione Eni Enrico Mattei.
    15. Hitoshi Matsushima, 2022. "Free-Rider Problem and Sovereignty Protection," CIRJE F-Series CIRJE-F-1185, CIRJE, Faculty of Economics, University of Tokyo.
    16. Cecilia Bellora & Lionel Fontagné, 2023. "EU in search of a Carbon Border Adjustment Mechanism," Post-Print halshs-04208558, HAL.
    17. Macdonald,Kevin Alan David & Patrinos,Harry Anthony, 2021. "Education Quality, Green Technology, and the Economic Impact of Carbon Pricing," Policy Research Working Paper Series 9808, The World Bank.
    18. Walid Ben‐Amar & Mathieu Gomes & Hania Khursheed & Sylvain Marsat, 2022. "Climate change exposure and internal carbon pricing adoption," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2854-2870, November.
    19. Bellora, Cecilia & Fontagné, Lionel, 2021. "EU Carbon Border Adjustment with the US rejoining Paris: A bit of a game changer," Conference papers 330216, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    20. Frédéric Babonneau & Ahmed Badran & Maroua Benlahrech & Alain Haurie & Maxime Schenckery & Marc Vielle, 2019. "Economic Assessment of the Development of CO2 Direct Reduction Technologies in Long-term Climate Strategies of the Gulf Countries," Working Papers hal-03191544, HAL.
    21. Hajime Takatsuka, 2020. "Uniform emission taxes, abatement, and spatial disparities," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1133-1166, October.
    22. William D. Nordhaus, 2021. "Climate Club Futures: On the Effectiveness of Future Climate Clubs," Cowles Foundation Discussion Papers 2286, Cowles Foundation for Research in Economics, Yale University.
    23. De Ponti, Pietro & Romagnoli, Matteo, 2022. "Financial implications of the EU Emission Trading System: an analysis of wavelet coherence and volatility spillovers," FEEM Working Papers 323874, Fondazione Eni Enrico Mattei (FEEM).
    24. Bretschger, Lucas, 2017. "Climate policy and economic growth," Resource and Energy Economics, Elsevier, vol. 49(C), pages 1-15.
    25. Ulrike Kornek & Jan Christoph Steckel & Kai Lessmann & Ottmar Edenhofer, 2017. "The climate rent curse: new challenges for burden sharing," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(6), pages 855-882, December.
    26. Luigi De Paoli, 2015. "The fight against climate change: some proposals for action for Italy in Europe," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2015(1), pages 9-27.
    27. Merrill, Ryan & Sintov, Nicole, 2016. "An Affinity-to-Commons Model of Public Support For Environmental Energy Policy," Energy Policy, Elsevier, vol. 99(C), pages 88-99.
    28. Claire Alestra & Gilbert Cette & Valérie Chouard & Rémy Lecat, 2020. "Long-term growth impact of climate change and policies: the Advanced Climate Change Long-term (ACCL) scenario building model," Working Papers halshs-02505088, HAL.
    29. Adrian Amelung, 2016. "Das "Paris-Agreement": Durchbruch der Top-Down-Klimaschutzverhandlungen im Kreise der Vereinten Nationen," Otto-Wolff-Institut Discussion Paper Series 03/2016, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
    30. Gollier, Christian, 2021. "The cost-efficiency carbon pricing puzzle," CEPR Discussion Papers 15919, C.E.P.R. Discussion Papers.
    31. Bretschger, Lucas, 2021. "Getting the Costs of Environmental Protection Right: Why Climate Policy Is Inexpensive in the End," Ecological Economics, Elsevier, vol. 188(C).
    32. Michel Damian, 2015. "A new political economy of climate change," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2015(2), pages 5-14.
    33. Luca Spinesi, 2022. "The Environmental Tax: Effects on Inequality and Growth," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(3), pages 529-572, July.
    34. Cseh, Arpad, 2016. "Designing a Climate Agreement for the Reality of Self-interested and Short-term Oriented Nations," MPRA Paper 71428, University Library of Munich, Germany.
    35. Patrick Bolton & Zachery Halem & Marcin Kacperczyk, 2022. "The Financial Cost of Carbon," Journal of Applied Corporate Finance, Morgan Stanley, vol. 34(2), pages 17-29, June.
    36. Li Li & Junqi Liu & Lei Zhu, 2020. "Dynamics of energy technology diffusion under uncertainty," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 36(5), pages 795-808, September.
    37. Anderson, Brilé & Bernauer, Thomas, 2016. "How much carbon offsetting and where? Implications of efficiency, effectiveness, and ethicality considerations for public opinion formation," Energy Policy, Elsevier, vol. 94(C), pages 387-395.
    38. Peter Cramton, Axel, Ockenfels, and Steven Stoft, 2015. "Symposium on "International Climate Negotiations" - Introduction," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    39. Renato Passaro & Ivana Quinto & Giuseppe Scandurra & Antonio Thomas, 2020. "How Do Energy Use and Climate Change Affect Fast-Start Finance? A Cross-Country Empirical Investigation," Sustainability, MDPI, vol. 12(22), pages 1-23, November.
    40. Michael G. Pollitt, 2016. "A Global Carbon Market?," Cambridge Working Papers in Economics 1615, Faculty of Economics, University of Cambridge.
    41. Susanne Droege & Carolyn Fischer, 2020. "Pricing Carbon at the Border: Key Questions for the EU," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(01), pages 30-34, April.
    42. Alfredo Sirkis & J.C Hourcade & Dipak Dasgupta & Rogério Studart & Kevin Gallagher & B Perrissin-Fabert & José Eli da Veiga & Etienne Espagne & Michele Stua & Michel Aglietta, 2015. "Moving the trillions a debate on positive pricing of mitigation actions," Post-Print hal-01692638, HAL.
    43. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
    44. Christian de Perthuis, 2016. "The Paris Agreement and the "free rider"," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2016(3), pages 31-44.
    45. Peter Cramton, Axel Ockenfels, and Steven Stoft, 2015. "An International Carbon-Price Commitment Promotes Cooperation," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    46. Joachim Weimann & Rüdiger Pethig & Barbara Hendricks & Ottmar Edenhofer & Thomas Puls & Thilo Schaefer & Heinrich Bottermann & Marc Gronwald & Marc Oliver Bettzüge & Jakob Peter, 2016. "Aspiration and Reality: Can the Paris Climate Agreement Work?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(03), pages 03-29, February.

  21. Cherbonnier, Frédéric & Gollier, Christian, 2015. "Decreasing aversion under ambiguity," Journal of Economic Theory, Elsevier, vol. 157(C), pages 606-623.

    Cited by:

    1. Manel Baucells & Rakesh K. Sarin, 2019. "The Myopic Property in Decision Models," Decision Analysis, INFORMS, vol. 16(2), pages 128-141, June.
    2. Gollier, C. & Kimball, M.S., 1996. "New Methods in the Classical Economics of Uncertainty: Comparing Risks," Papers 96.412, Toulouse - GREMAQ.
    3. Cerreia-Vioglio, Simone & Maccheroni, Fabio & Marinacci, Massimo, 2022. "Ambiguity aversion and wealth effects," Journal of Economic Theory, Elsevier, vol. 199(C).
    4. Grosse Steffen, Christoph & Podstawski, Maximilian, 2017. "Ambiguity and Time-Varying Risk Aversion in Sovereign Debt Markets," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168101, Verein für Socialpolitik / German Economic Association.
    5. Ulrich Schmidt & Levent Neyse & Milda Aleknonyte, 2019. "Income inequality and risk taking: the impact of social comparison information," Theory and Decision, Springer, vol. 87(3), pages 283-297, October.
    6. Frick, Mira & Iijima, Ryota & Le Yaouanq, Yves, 2022. "Objective rationality foundations for (dynamic) α-MEU," Journal of Economic Theory, Elsevier, vol. 200(C).
    7. Jingyi Xue, 2020. "Preferences with changing ambiguity aversion," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 1-60, February.
    8. Ghosh, Gagan & Liu, Heng, 2021. "Sequential auctions with ambiguity," Journal of Economic Theory, Elsevier, vol. 197(C).
    9. Rachel J. Huang & Arthur Snow & Larry Y. Tzeng, 2017. "Advantageous Selection in Insurance Markets with Compound Risk," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(2), pages 171-192, September.
    10. Pawel Dziewulski & John K. H. Quah, 2019. "Supermodular correspondences and comparison of multi-prior beliefs," Working Paper Series 0619, Department of Economics, University of Sussex Business School.
    11. Claudio A. Bonilla & Pablo A. Gutiérrez Cubillos, 2021. "The effects of ambiguity on entrepreneurship," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(1), pages 63-80, February.
    12. Mira Frick & Ryota Iijima & Yves Le Yaouanq, 2019. "Dispersed Behavior and Perceptions in Assortative Societies," Cowles Foundation Discussion Papers 2180, Cowles Foundation for Research in Economics, Yale University.
    13. Mira Frick & Ryota Iijima & Yves Le Yaouanq, 2020. "Objective rationality foundations for (dynamic) alpha-MEU," Cowles Foundation Discussion Papers 2244, Cowles Foundation for Research in Economics, Yale University.
    14. Wong, Kit Pong, 2016. "Ambiguity and the multinational firm," International Review of Economics & Finance, Elsevier, vol. 43(C), pages 404-414.
    15. Baillon, Aurélien & Placido, Lætitia, 2019. "Testing constant absolute and relative ambiguity aversion," Journal of Economic Theory, Elsevier, vol. 181(C), pages 309-332.
    16. Paweł Dziewulski & John K.‐H. Quah, 2024. "Comparative Statics With Linear Objectives: Normality, Complementarity, and Ranking Multi‐Prior Beliefs," Econometrica, Econometric Society, vol. 92(1), pages 167-200, January.
    17. Chiaki Hara & Toshiki Honda, 2022. "Implied Ambiguity: Mean-Variance Inefficiency and Pricing Errors," Management Science, INFORMS, vol. 68(6), pages 4246-4260, June.

  22. Gollier, C., 2015. "Long-term savings: the case of life insurance in France," Financial Stability Review, Banque de France, issue 19, pages 129-136, April.

    Cited by:

    1. Runsheng Gu & Lioudmila Vostrikova & Bruno Séjourné, 2020. "Portfolio optimization of euro-denominated funds in French life insurance," Working Papers hal-03025191, HAL.
    2. Pierre-Emmanuel Darpeix, 2015. "Systemic risk and insurance," PSE Working Papers halshs-01227969, HAL.
    3. Pierre-Emmanuel Darpeix, 2015. "Systemic risk and insurance," Working Papers halshs-01227969, HAL.
    4. Michal Dvorak & Marcela Gronychova & Vaclav Hausenblas & Zlatuse Komarkova, 2016. "Could the Czech Insurance Sector Be a Source of Systemic Risk?," Occasional Publications - Chapters in Edited Volumes, in: CNB Financial Stability Report 2015/2016, chapter 0, pages 116-126, Czech National Bank.

  23. Christian Gollier, 2015. "Taux d’actualisation et rémunération du capital," Revue française d'économie, Presses de Sciences-Po, vol. 0(4), pages 3-15.
    See citations under working paper version above.
  24. Gollier, Christian, 2015. "Discounting, inequality and economic convergence," Journal of Environmental Economics and Management, Elsevier, vol. 69(C), pages 53-61.

    Cited by:

    1. Loïc Berger & Johannes Emmerling, 2020. "Welfare as Equity Equivalents," Post-Print hal-02937705, HAL.
    2. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    3. Drupp, Moritz A. & Meya, Jasper N. & Baumgärtner, Stefan & Quaas, Martin F., 2017. "Economic inequality and the value of nature," Economics Working Papers 2017-08, Christian-Albrechts-University of Kiel, Department of Economics.
    4. David Anthoff & Johannes Emmerling, 2016. "Inequality and the Social Cost of Carbon," CESifo Working Paper Series 5989, CESifo.
    5. Rintaro Yamaguchi, 2019. "Intergenerational Discounting with Intragenerational Inequality in Consumption and the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 957-972, August.
    6. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," Post-Print hal-01300594, HAL.
    7. Quaas, Martin F. & Bröcker, Johannes, 2016. "Substitutability and the social cost of carbon in a solvable growth model with irreversible climate change," Economics Working Papers 2016-09, Christian-Albrechts-University of Kiel, Department of Economics.
    8. Moritz A. Drupp & Ulrike Kornek & Jasper N. Meya & Lutz Sager, 2021. "Inequality and the Environment: The Economics of a Two-Headed Hydra," CESifo Working Paper Series 9447, CESifo.
    9. Emmerling, Johannes & Groom, Ben & Wettingfield, Tanja, 2017. "Discounting and the representative median agent," LSE Research Online Documents on Economics 84859, London School of Economics and Political Science, LSE Library.
    10. Yamaguchi, Rintaro & Shah, Payal, 2020. "Spatial discounting of ecosystem services," Resource and Energy Economics, Elsevier, vol. 62(C).
    11. Heinzel, Christoph, 2023. "Comparing utility derivative premia under additive and multiplicative risks," Insurance: Mathematics and Economics, Elsevier, vol. 111(C), pages 23-40.
    12. Christophe Courbage & Richard Peter & Béatrice Rey, 2022. "Incentive and welfare effects of correlated returns," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(1), pages 5-34, March.
    13. Wong, Kit Pong, 2022. "Diversification and risk attitudes toward two risks," Journal of Mathematical Economics, Elsevier, vol. 102(C).
    14. Stéphane Zuber & Marc Fleurbaey, 2015. "Discounting, risk and inequality: A general approach," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01300594, HAL.
    15. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.

  25. Christian Gollier, 2014. "Discounting and Growth," American Economic Review, American Economic Association, vol. 104(5), pages 534-537, May.

    Cited by:

    1. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    2. Wolfgang Buchholz, 2014. "Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle," CESifo Working Paper Series 4967, CESifo.
    3. Anson T. Y. Ho & Kim Huynh & David T. Jacho-Chávez & Geneviève Vallée, 2023. "We Didn’t Start the Fire: Effects of a Natural Disaster on Consumers’ Financial Distress," Staff Working Papers 23-15, Bank of Canada.
    4. Almeida, Caio & Cordeiro, Fernando, 2019. "Long-term Yields Implied by Stochastic Discount Factor Decompositions," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 39(1), July.
    5. Juan Benavides & Ximena Cadena & Martha E. Delgado-Rojas & Helena García & María C. García, 2022. "Hoja de ruta que conecte cada una de las acciones y objetivos de la NDC con fuentes de financiación públicas y privadas; incluyendo para cada acción, barreras, oportunidades y recomendaciones," Informes de Investigación 20332, Fedesarrollo.
    6. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    7. Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
    8. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    9. Westerhout, Ed, 2022. "30 Years of Generational Accounting : A Critical Review," Discussion Paper 2022-021, Tilburg University, Center for Economic Research.
    10. Westerhout, Ed, 2022. "30 Years of Generational Accounting : A Critical Review," Other publications TiSEM 252a02fe-7374-499e-97c5-0, Tilburg University, School of Economics and Management.
    11. Jarisch, Isabelle & Bödeker, Kai & Bingham, Logan Robert & Friedrich, Stefan & Kindu, Mengistie & Knoke, Thomas, 2022. "The influence of discounting ecosystem services in robust multi-objective optimization – An application to a forestry-avocado land-use portfolio," Forest Policy and Economics, Elsevier, vol. 141(C).
    12. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    13. Andrew K. Kamenju & Dr. T. Olweny, 2021. "The Nexus Between Internal Investment and Economic Growth in Kenya," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(2), pages 1-2.

  26. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.

    Cited by:

    1. Chiaki Hara & Toshiki Honda, 2016. "Mutual Fund Theorem for Ambiguity-Averse Investors and the Optimality of the Market Portfolio," KIER Working Papers 943, Kyoto University, Institute of Economic Research.
    2. Giuseppe Attanasi & Nikolaos Georgantzís & Valentina Rotondi & Daria Vigani, 2016. "Lottery- and survey-based risk attitudes linked through a multichoice elicitation task," Working Papers of BETA 2016-24, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Peter John Robinson & W.J.W. Botzen & F. Zhou, 2019. "An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand," Working Papers 19-19, Utrecht School of Economics.
    4. Charles A. Holt & Susan K. Laury, 2005. "Risk Aversion and Incentive Effects: New Data without Order Effects," American Economic Review, American Economic Association, vol. 95(3), pages 902-912, June.
    5. Nicolas Lampach & Kene Boun My & Sandrine Spaeter, 2016. "Risk, Ambiguity and Efficient Liability Rules: An experiment," Working Papers of BETA 2016-30, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    6. Marco Alifano & Giuseppe Attanasi & Fabio Iannelli & Faredj Cherikh & Antonio Iannelli, 2020. "COVID-19 pandemic: a European perspective on health economic policies," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 4(S), pages 35-43, June.
    7. Hippolyte d'Albis & Giuseppe Attanasi & Emmanuel Thibault, 2019. "An Experimental Test of the Under-Annuitization Puzzle with Smooth Ambiguity and Charitable Giving," Working Papers halshs-02132858, HAL.
    8. Giulia Papini, 2023. "Majority Rule Determination and Uncertainty Aversion: A Critical Systematic Review," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 7(1), pages 19-24, November.
    9. Irene Mussio & Angela C.M. de Oliveira, 2022. "The effect of additional background risk on mixed risk behavior," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 6(S1), pages 85-92, July.
    10. Tsang, Ming, 2020. "Estimating uncertainty aversion using the source method in stylized tasks with varying degrees of uncertainty," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 84(C).
    11. Giuseppe Attanasi & Anna Maffioletti & Giulia Papini & Patrizia Sbriglia & Maria Luigia Signore, 2023. "Beyond the Threshold: How Electoral Size-Dependent Uncertainty Affects Majority Determination," GREDEG Working Papers 2023-12, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    12. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    13. Oechssler, Jörg & Rau, Hannes & Roomets, Alex, 2019. "Hedging, ambiguity, and the reversal of order axiom," Games and Economic Behavior, Elsevier, vol. 117(C), pages 380-387.
    14. Takao Asano & Hiroko Okudaira & Masaru Sasaki, 2015. "An Experimental Test of a Search Model under Ambiguity," KIER Working Papers 913, Kyoto University, Institute of Economic Research.
    15. Roxane Bricet, 2018. "The price for instrumentally valuable information," THEMA Working Papers 2018-10, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    16. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    17. Chiara FALCO & Douch KONG & Valentina ROTONDI & Valeria SPELTA, 2016. "Investment, Insurance and Weather Shocks: Evidence from a Lab Experiment in Cambodia," Departmental Working Papers 2016-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    18. Giuseppe Attanasi & Laura Concina & Caroline Kamaté & Valentina Rotondi, 2020. "Firm’s protection against disasters: are investment and insurance substitutes or complements?," Theory and Decision, Springer, vol. 88(1), pages 121-151, February.
    19. Prokosheva, Sasha, 2016. "Comparing decisions under compound risk and ambiguity: The importance of cognitive skills," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 64(C), pages 94-105.
    20. Simone Cerroni, 2020. "Eliciting farmers’ subjective probabilities, risk, and uncertainty preferences using contextualized field experiments," Agricultural Economics, International Association of Agricultural Economists, vol. 51(5), pages 707-724, September.
    21. Dirk van Straaten & René Fahr, 2021. "Fighting Fire with Fire - Overcoming Ambiguity Aversion by Introducing more Ambiguity," Working Papers Dissertations 73, Paderborn University, Faculty of Business Administration and Economics.
    22. Giuseppe Attanasi & Ylenia Curci & Patrick Llerena & Giulia Urso, 2019. "Intrinsic vs. Extrinsic Motivators on Creative Collaboration: The Effect of Sharing Rewards," GREDEG Working Papers 2019-20, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    23. Milos Borozan & Loreta Cannito & Barbara Luppi, 2022. "A tale of two ambiguities: A conceptual overview of findings from economics and psychology," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 6(S1), pages 11-21, July.
    24. Falco, Chiara & Rotondi, Valentina & Kong, Douch & Spelta, Valeria, 2021. "Investment, insurance and weather shocks: Evidence from Cambodia," Ecological Economics, Elsevier, vol. 188(C).
    25. Takao Asano & Hiroko Okudaira & Masaru Sasaki, 2015. "An experimental test of a search model under ambiguity," Theory and Decision, Springer, vol. 79(4), pages 627-637, December.
    26. Polemarchakis, Herakles & Selden, Larry & Song, Xinxi, 2017. "The identification of attitudes towards ambiguity and risk from asset demand," CRETA Online Discussion Paper Series 28, Centre for Research in Economic Theory and its Applications CRETA.
    27. Eric Le Fur & J. François Outreville, 2021. "Real Options and Reduction of Basic Risk of Index‐Based Climate Agricultural Insurance," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(4), pages 1658-1671, December.
    28. Daniela Di Cagno & Daniela Grieco, 2019. "Measuring and Disentangling Ambiguity and Confidence in the Lab," Games, MDPI, vol. 10(1), pages 1-22, February.
    29. L. A. Franzoni, 2016. "Optimal liability design under risk and ambiguity," Working Papers wp1048, Dipartimento Scienze Economiche, Universita' di Bologna.
    30. Stephen Dimmock & Roy Kouwenberg & Olivia Mitchell & Kim Peijnenburg, 2015. "Estimating ambiguity preferences and perceptions in multiple prior models: Evidence from the field," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 219-244, December.
    31. Chiaki Hara & Toshiki Honda, 2018. "ImpliedAmbiguity:Mean-Variance Efficiency andPricingErrors," KIER Working Papers 1004, Kyoto University, Institute of Economic Research.
    32. Chiaki Hara & Toshiki Honda, 2022. "Implied Ambiguity: Mean-Variance Inefficiency and Pricing Errors," Management Science, INFORMS, vol. 68(6), pages 4246-4260, June.

  27. Christian Gollier & James K. Hammitt, 2014. "The Long-Run Discount Rate Controversy," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 273-295, October.

    Cited by:

    1. Monge, Juan J. & Daigneault, Adam J. & Dowling, Leslie J. & Harrison, Duncan R. & Awatere, Shaun & Ausseil, Anne-Gaelle, 2018. "Implications of future climatic uncertainty on payments for forest ecosystem services: The case of the East Coast of New Zealand," Ecosystem Services, Elsevier, vol. 33(PB), pages 199-212.
    2. Lars Hultkrantz, 2021. "Discounting in economic evaluation of healthcare interventions: what about the risk term?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(3), pages 357-363, April.
    3. Szekeres, Szabolcs, 2020. "Checking the Evidence for Declining Discount Rates," MPRA Paper 102233, University Library of Munich, Germany.
    4. Asplund, Disa, 2022. "The welfare-maximizing discount rate in a small open economy," Working Papers 2022:2, Swedish National Road & Transport Research Institute (VTI).
    5. Rachel Glennerster & Christopher M. Snyder & Brandon Joel Tan, 2022. "Calculating the Costs and Benefits of Advance Preparations for Future Pandemics," NBER Working Papers 30565, National Bureau of Economic Research, Inc.
    6. Moritz A. Drupp & Martin C. Hänsel, 2020. "Relative Prices and Climate Policy: How the Scarcity of Non-Market Goods Drives Policy Evaluation," CESifo Working Paper Series 8052, CESifo.
    7. François Belle-Larant & Hugo Mauron & Pascal da Costa, 2021. "Climate Change and Degrowth: a Nordhaus' DICE Model Set of Simulations based on Endogenous Discounting," Working Papers hal-03146625, HAL.
    8. John Creedy & Hemant Passi, 2018. "Public Sector Discount Rates: A Comparison of Alternative Approaches," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(1), pages 139-157, March.
    9. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    10. Zhu, Xueqin & Smulders, Sjak & de Zeeuw, Aart, 2019. "Discounting in the presence of scarce ecosystem services," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    11. Michael D. Bauer & Glenn D. Rudebusch, 2020. "The Rising Cost of Climate Change: Evidence from the Bond Market," Working Paper Series 2020-25, Federal Reserve Bank of San Francisco.
    12. Jan Kersting & Vicki Duscha & Matthias Weitzel, 2017. "Cooperation on Climate Change under Economic Linkages: How the Inclusion of Macroeconomic Effects Affects Stability of a Global Climate Coalition," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    13. Peter Harrison Howard & Derek Sylvan, 2020. "Wisdom of the experts: Using survey responses to address positive and normative uncertainties in climate-economic models," Climatic Change, Springer, vol. 162(2), pages 213-232, September.
    14. Almeida, Caio & Cordeiro, Fernando, 2019. "Long-term Yields Implied by Stochastic Discount Factor Decompositions," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 39(1), July.
    15. Achim Wambach & Christine Zulehner, 2022. "Nachhaltigkeitsziele in der Wirtschaftspolitik — volkswirtschaftliche Überlegungen [Sustainability Goals in Economic Policy — Economic Considerations]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(5), pages 331-333, May.
    16. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    17. Maria Arvaniti & Chandra K. Krishnamurthy & Anne-Sophie Crépin, 2019. "Time-consistent resource management with regime shifts," CER-ETH Economics working paper series 19/329, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    18. Jeanne Amar & Vincent Piron, 2020. "The Global Project Assessment Method: A New Tool to Bridge the Gap between Cost-Benefit Analysis and Budgetary Decisions," GREDEG Working Papers 2020-55, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    19. Howard, Peter H. & Derek, Sylvan, 2016. "The Wisdom of the Economic Crowd: Calibrating Integrated Assessment Models Using Consensus," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235639, Agricultural and Applied Economics Association.
    20. Spackman, Michael, 2023. "The social discount rate and the cost of public funds: a search for more consistency and better practice," LSE Research Online Documents on Economics 119814, London School of Economics and Political Science, LSE Library.
    21. Márta Somogyvári, 2018. "Ethical Aspects of Intertemporal Discounting and the Social Discount Rate," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(3), pages 109-132.
    22. Quintana Ashwell, Nicolas E. & Peterson, Jeffrey M. & Hendricks, Nathan P., 2018. "Optimal groundwater management under climate change and technical progress," Resource and Energy Economics, Elsevier, vol. 51(C), pages 67-83.
    23. Serban Raicu & Mihaela Popa & Dorinela Costescu, 2022. "Uncertainties Influencing Transportation System Performances," Sustainability, MDPI, vol. 14(13), pages 1-15, June.
    24. Venmans, Frank & Groom, Ben, 2021. "Social discounting, inequality aversion, and the environment," LSE Research Online Documents on Economics 110739, London School of Economics and Political Science, LSE Library.
    25. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    26. Khan, Urmee & Stinchcombe, Maxwell B., 2018. "Planning for the long run: Programming with patient, Pareto responsive preferences," Journal of Economic Theory, Elsevier, vol. 176(C), pages 444-478.
    27. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    28. Hötte, Kerstin & Jee, Su Jung, 2022. "Knowledge for a warmer world: A patent analysis of climate change adaptation technologies," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    29. Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
    30. Andersson, Fredrik N. G., 2021. "A Scenario Analysis of the Potential Effects of Decarbonization on the Profitability of the Energy-Intensive and Natural-Resource-Based Industries," Working Papers 2021:18, Lund University, Department of Economics.
    31. Millner, Antony & Heal, Geoffrey, 2018. "Discounting by committee," Journal of Public Economics, Elsevier, vol. 167(C), pages 91-104.
    32. Jin, Wei, 2021. "Path dependence, self-fulfilling expectations, and carbon lock-in," Resource and Energy Economics, Elsevier, vol. 66(C).
    33. Aldy, Joseph E. & Atkinson, Giles & Kotchen, Matthew J., 2021. "Environmental benefit-cost analysis: a comparative analysis between the United States and the United Kingdom," LSE Research Online Documents on Economics 110879, London School of Economics and Political Science, LSE Library.
    34. Quintana-Ashwell, Nicolas E. & Peterson, Jeffrey M., 2015. "Aquifer Depletion in the face of Climate Change and Technical Progress," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205882, Agricultural and Applied Economics Association.
    35. Millner, Antony & Healey, Andrew, 2018. "Discounting by committee," LSE Research Online Documents on Economics 90246, London School of Economics and Political Science, LSE Library.

  28. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014. "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 145-163.

    Cited by:

    1. Thomas Buchholz & John Gunn & Bruce Springsteen & Gregg Marland & Max Moritz & David Saah, 2022. "Probability-based accounting for carbon in forests to consider wildfire and other stochastic events: synchronizing science, policy, and carbon offsets," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 27(1), pages 1-21, January.
    2. Gouriéroux, C. & Monfort, A. & Renne, J.-P., 2022. "Required Capital for Long-Run Risks," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    3. Richard S.J. Tol, 2018. "The impact of climate change and the social cost of carbon," Working Paper Series 1318, Department of Economics, University of Sussex Business School.
    4. Bård Harstad, 2018. "Pledge-and-Review Bargaining," CESifo Working Paper Series 7296, CESifo.
    5. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    6. Steffen, Bjarne, 2020. "Estimating the cost of capital for renewable energy projects," Energy Economics, Elsevier, vol. 88(C).
    7. Lloyd-Smith, Patrick & Adamowicz, Wiktor & Entem, Alicia & Fenichel, Eli P. & Rouhi Rad, Mani, 2021. "The decade after tomorrow: Estimation of discount rates from realistic temporal decisions over long time horizons," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 158-174.
    8. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    9. Peng, Ling & Kloeden, Peter E., 2021. "Time-consistent portfolio optimization," European Journal of Operational Research, Elsevier, vol. 288(1), pages 183-193.
    10. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    11. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    12. Pascoe, Sean & Doshi, Amar & Kovac, Mladen & Austin, Angelica, 2019. "Estimating coastal and marine habitat values by combining multi-criteria methods with choice experiments," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    13. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    14. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    15. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    16. Michael D. Bauer & Glenn D. Rudebusch, 2020. "The Rising Cost of Climate Change: Evidence from the Bond Market," Working Paper Series 2020-25, Federal Reserve Bank of San Francisco.
    17. Sigit Perdana & Rod Tyers, 2018. "Global climate change mitigation: Strategic incentives," CAMA Working Papers 2018-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    18. Graciela Chichilnisky & Peter J. Hammond & Nicholas Stern, 2020. "Fundamental utilitarianism and intergenerational equity with extinction discounting," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(2), pages 397-427, March.
    19. Fridstrøm, Lasse & Østli, Vegard, 2017. "The vehicle purchase tax as a climate policy instrument," Transportation Research Part A: Policy and Practice, Elsevier, vol. 96(C), pages 168-189.
    20. Yew-Kwang Ng, 2016. "The Importance of Global Extinction in Climate Change Policy," Global Policy, London School of Economics and Political Science, vol. 7(3), pages 315-322, September.
    21. Chunbo Zhang & Mingming Hu & Xining Yang & Arianna Amati & Arnold Tukker, 2020. "Life cycle greenhouse gas emission and cost analysis of prefabricated concrete building façade elements," Journal of Industrial Ecology, Yale University, vol. 24(5), pages 1016-1030, October.
    22. Hammitt, James K., 2020. "Accounting for the distribution of benefits & costs in benefit-cost analysis," TSE Working Papers 20-1116, Toulouse School of Economics (TSE).
    23. Nicholas Z. Muller, 2016. "The Derivation of Discount Rates with an Augmented Measure of Income," NBER Working Papers 22579, National Bureau of Economic Research, Inc.
    24. Peter Abelson & Tim Dalton, 2018. "Choosing the Social Discount Rate for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(1), pages 52-67, March.
    25. Peter Michaelis & Heiko Wirths, 2020. "DICE-RD: an implementation of rate-related damages in the DICE model," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 22(4), pages 555-584, October.
    26. James Broughel, 2020. "Cost-Benefit Analysis as a Failure to Learn from the Past," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 35(Spring 20), pages 105-113.
    27. Chichilnisky, Graciela & Hammond, Peter J. & Stern, Nicholas, 2018. "Should We Discount the Welfare of Future Generations? Ramsey and Suppes versus Koopmans and Arrow," The Warwick Economics Research Paper Series (TWERPS) 1174, University of Warwick, Department of Economics.
    28. Harstad, Bård, 2021. "A Theory of Pledge-and-Review Bargaining," Memorandum 5/2022, Oslo University, Department of Economics, revised 21 Jun 2021.
    29. Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos, 2015. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," Journal of Environmental Economics and Management, Elsevier, vol. 73(C), pages 32-49.
    30. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    31. Graeme Guthrie, 2021. "Discounting, Disagreement, and the Option to Delay," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(1), pages 95-133, September.
    32. Rong Rong & Therese C. Grijalva & Jayson Lusk & W. Douglass Shaw, 2019. "Interpersonal discounting," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 17-42, February.
    33. Fraschini, Filippo & Hunt, Alistair & Zoboli, Roberto, 2022. "Decision tools for adaptation to climate change: Portfolio analysis of tea plantation investments in Rwanda," Ecological Economics, Elsevier, vol. 200(C).
    34. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    35. Yongyang Cai, 2020. "The Role of Uncertainty in Controlling Climate Change," Papers 2003.01615, arXiv.org, revised Oct 2020.
    36. Strulik, Holger, 2017. "Hyperbolic discounting and the time-consistent solution of three canonical environmental problems," University of Göttingen Working Papers in Economics 319, University of Goettingen, Department of Economics, revised 2017.
    37. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
    38. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    39. Stephen J. DeCanio & Charles F. Manski & Alan H. Sanstad, 2022. "Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting," NBER Working Papers 29716, National Bureau of Economic Research, Inc.
    40. Marion Dupoux, 2016. "The land use change time-accounting failure," Working Papers hal-02489625, HAL.
    41. Graeme J. Doole & Geoff Kaine & Zack Dorner, 2019. "The optimal diffusion of mitigation options for environmental management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(2), pages 354-382, April.
    42. Bluffstone, R. & Coulston, J. & Haight, R.G. & Kline, J. & Polasky, S. & Wear, D.N. & Zook, K., 2017. "Estimated Values of Carbon Sequestration Resulting from Forest Management Scenarios," C-FARE Reports 260680, Council on Food, Agricultural, and Resource Economics (C-FARE).
    43. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
    44. Geoff Bright & Emily Connors & Joe Grice, 2019. "Measuring natural capital: towards accounts for the UK and a basis for improved decision-making," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 88-108.
    45. Emmerling, Johannes & Groom, Ben & Wettingfield, Tanja, 2017. "Discounting and the representative median agent," LSE Research Online Documents on Economics 84859, London School of Economics and Political Science, LSE Library.
    46. Zhou, Yuwen & Tian, Lixin & Yang, Xiaoguang, 2023. "Schumpeterian endogenous growth model under green innovation and its enculturation effect," Energy Economics, Elsevier, vol. 127(PB).
    47. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    48. Quaas, Martin F. & Quaas, Johannes & Rickels, Wilfried & Boucher, Olivier, 2017. "Are there reasons against open-ended research into solar radiation management? A model of intergenerational decision-making under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 84(C), pages 1-17.
    49. Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
    50. Yamaguchi, Rintaro & Shah, Payal, 2020. "Spatial discounting of ecosystem services," Resource and Energy Economics, Elsevier, vol. 62(C).
    51. Leurent, Martin & Da Costa, Pascal & Jasserand, Frédéric & Rämä, Miika & Persson, Urban, 2018. "Cost and climate savings through nuclear district heating in a French urban area," Energy Policy, Elsevier, vol. 115(C), pages 616-630.
    52. Tore Soderqvist & Bilge Bas & Mark de Bel & Arjen Boon & Nilay Elginoz & Rita Garcao & Elias Giannakis & Amerissa Giannouli & Phoebe Koundouri & Aris Moussoulides & Jenny Norrman & Lars Rosen & Jan-Jo, 2017. "Socio-economic Analysis of a Selected Multi-use Offshore Site in the North Sea," DEOS Working Papers 1715, Athens University of Economics and Business.
    53. Penyalver, Domingo & Turró, Mateu & Zavala-Rojas, Diana, 2018. "Intergenerational perception of the utility of major transport projects," Research in Transportation Economics, Elsevier, vol. 70(C), pages 97-111.
    54. Kathrin Goldmann, 2017. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Working Papers 22, Institute of Transport Economics, University of Muenster.
    55. Rennert, Kevin & Prest, Brian C. & Pizer, William & Newell, Richard G. & Anthoff, David & Kingdon, Cora & Rennels, Lisa & Cooke, Roger & Raftery, Adrian E. & Ševčíková, Hana & Errickson, Frank, 2021. "The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates," RFF Working Paper Series 21-28, Resources for the Future.
    56. Alexey Komzolov & Tatiana Kirichenko & Olga Kirichenko & Yulia Nazarova & Natalya Shcherbakova, 2021. "The Problem of Determining Discount Rate for Integrated Investment Projects in the Oil and Gas Industry," Mathematics, MDPI, vol. 9(24), pages 1-13, December.
    57. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    58. Green, Gareth P. & Richards, Timothy J., 2018. "Discounting Environmental Goods," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
    59. Asheim, Geir B. & Hartwick, John M. & Yamaguchi, Rintaro, 2023. "Sustainable per capita consumption under population growth," Resource and Energy Economics, Elsevier, vol. 73(C).
    60. Flowers, Mallory E. & Smith, Matthew K. & Parsekian, Ara W. & Boyuk, Dmitriy S. & McGrath, Jenna K. & Yates, Luke, 2016. "Climate impacts on the cost of solar energy," Energy Policy, Elsevier, vol. 94(C), pages 264-273.
    61. Hänsel, Martin C. & Quaas, Martin F., 2018. "Intertemporal Distribution, Sufficiency, and the Social Cost of Carbon," Ecological Economics, Elsevier, vol. 146(C), pages 520-535.
    62. Therese C. Grijalva & Jayson L. Lusk & Rong Rong & W. Douglass Shaw, 2018. "Convex Time Budgets and Individual Discount Rates in the Long Run," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 259-277, September.
    63. Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
    64. Marshall Burke & Melanie Craxton & Charles D. Kolstad & Chikara Onda, 2016. "Some Research Challenges In The Economics Of Climate Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-14, May.
    65. Richard D. Horan & Eli P. Fenichel & David Finnoff & Carson Reeling, 2018. "A Portfolio-Balancing Approach to Natural Capital and Liabilities: Managing Livestock and Wildlife Diseases with Cross-Species Transmission," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(3), pages 673-689, July.
    66. Li, Chuan-Zhong & Bali Swain, Ranjula, 2014. "Growth, Water Resilience, and Sustainability: A DSGE Model Applied to South Africa," Working Paper Series 2014:11, Uppsala University, Department of Economics.
    67. Anna M. Dugan & Timo Trimborn, 2020. "The Optimal Extraction of Non-Renewable Resources under Hyperbolic Discounting," Economics Working Papers 2020-17, Department of Economics and Business Economics, Aarhus University.
    68. Richard S.J. Tol, 2019. "A social cost of carbon for (almost) every country," Working Paper Series 0219, Department of Economics, University of Sussex Business School.
    69. David Ceballos Hornero & Samuel Mongrut Montalván, 2021. "The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-24, Octubre -.
    70. Monika Foltyn-Zarychta, 2021. "Future-Generation Perception: Equal or Not Equal? Long-Term Individual Discount Rates for Poland," Energies, MDPI, vol. 14(24), pages 1-19, December.
    71. Jacqueline Adelowo & Mathias Mier & Christoph Weissbart, 2021. "Taxation of Carbon Emissions and Air Pollution in Intertemporal Optimization Frameworks with Social and Private Discount Rates," ifo Working Paper Series 360, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

  29. Christian Gollier, 2014. "Optimal insurance design of ambiguous risks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(3), pages 555-576, November.
    See citations under working paper version above.
  30. David Alary & Christian Gollier & Nicolas Treich, 2013. "The Effect of Ambiguity Aversion on Insurance and Self‐protection," Economic Journal, Royal Economic Society, vol. 123(12), pages 1188-1202, December.

    Cited by:

    1. Marielle Brunette & Stéphane Couture, 2014. "Risk management activities of a non-industrial private forest owner with a bivariate utility function," Working Papers - Cahiers du LEF 2014-01, Laboratoire d'Economie Forestiere, AgroParisTech-INRA, revised Jan 2014.
    2. Peter, Richard, 2019. "Revisiting precautionary saving under ambiguity," Economics Letters, Elsevier, vol. 174(C), pages 123-127.
    3. Zhang, Yu, 2022. "Subjective beliefs and ambiguity aversion," Economics Letters, Elsevier, vol. 212(C).
    4. Peter John Robinson & W.J.W. Botzen & F. Zhou, 2019. "An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand," Working Papers 19-19, Utrecht School of Economics.
    5. Lu Li & Richard Peter, 2021. "Should we do more when we know less? The effect of technology risk on optimal effort," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(3), pages 695-725, September.
    6. Biener, Christian & Landmann, Andreas & Santana, Maria Isabel, 2017. "Contract Nonperformance Risk and Uncertainty in Insurance Markets," Working Papers on Finance 1701, University of St. Gallen, School of Finance, revised Apr 2019.
    7. Watanabe, Masahide & Fujimi, Toshio, 2022. "Ambiguity of scientific probability predictions and willingness-to-pay for climate change mitigation policies," Research in Economics, Elsevier, vol. 76(4), pages 386-402.
    8. Berger, Loïc, 2015. "The Impact of Ambiguity Prudence on Insurance and Prevention," Climate Change and Sustainable Development 198893, Fondazione Eni Enrico Mattei (FEEM).
    9. Camille Cornand & Maria Alejandra Erazo Diaz & Béatrice Rey & Adam Zylbersztejn, 2023. "On the robustness of higher order attitudes to ambiguity framing," Working Papers hal-04316734, HAL.
    10. Simon Dietz & Falk Niehörster, 2021. "Pricing ambiguity in catastrophe risk insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 112-132, September.
    11. Yang, Min-Hsien & Lu, Richard, 2022. "A Study on Revenue Insurance Buying for Custard Apple in Taiwan: Perspectives from Prospect Theory and Ambiguity Preference," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 10(2), April.
    12. Diego C. Nocetti, 2018. "Ambiguity and the value of information revisited," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 25-38, May.
    13. Amarante, Massimiliano & Ghossoub, Mario & Phelps, Edmund, 2015. "Ambiguity on the insurer’s side: The demand for insurance," Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 61-78.
    14. Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," TSE Working Papers 12-303, Toulouse School of Economics (TSE), revised Jan 2013.
    15. Guibril Zerbo, 2024. "Disposition à payer pour l’assurance contre les risques naturels: une étude de terrain au Burkina Faso," EconomiX Working Papers 2024-7, University of Paris Nanterre, EconomiX.
    16. Loïc Berger & Valentina Bosetti, 2020. "Characterizing ambiguity attitudes using model uncertainty," Post-Print hal-03031502, HAL.
    17. Aurélien Baillon & Harris Schlesinger & Gijs van de Kuilen, 2018. "Measuring higher order ambiguity preferences," Experimental Economics, Springer;Economic Science Association, vol. 21(2), pages 233-256, June.
    18. Simon Grima & Jonathan Spiteri & Inna Romānova, 2020. "A STEEP framework analysis of the key factors impacting the use of blockchain technology in the insurance industry," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(3), pages 398-425, July.
    19. Dietz, Simon & Niehörster, Falk, 2020. "Pricing ambiguity in catastrophe risk insurance," LSE Research Online Documents on Economics 106116, London School of Economics and Political Science, LSE Library.
    20. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    21. Richard KOENIG & Marielle BRUNETTE, 2023. "Subjective barriers and determinants to crop insurance adoption," Working Papers of BETA 2023-25, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    22. Corina Birghila & Tim J. Boonen & Mario Ghossoub, 2023. "Optimal insurance under maxmin expected utility," Finance and Stochastics, Springer, vol. 27(2), pages 467-501, April.
    23. Stéphane Couture & Marielle Brunette & François Pannequin & Anne Corcos, 2016. "The self-insurance clauses puzzle : risk versus ambiguity," Post-Print hal-02801783, HAL.
    24. Dillingh, Rik, 2016. "Empirical essays on behavioral economics and lifecycle decisions," Other publications TiSEM 0e2143e3-bd86-4302-90eb-e, Tilburg University, School of Economics and Management.
    25. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-03027150, HAL.
    26. Lemoine, Derek & Traeger, Christian P., 2016. "Ambiguous tipping points," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 5-18.
    27. Eric André & Antoine Bommier & François Le Grand, 2022. "The impact of risk aversion and ambiguity aversion on annuity and saving choices," Journal of Risk and Uncertainty, Springer, vol. 65(1), pages 33-56, August.
    28. Simon Quemin, 2017. "Intertemporal Abatement Decisions under Ambiguity Aversion in a Cap and Trade," Working Papers 2017.06, FAERE - French Association of Environmental and Resource Economists.
    29. Grosse Steffen, Christoph & Podstawski, Maximilian, 2017. "Ambiguity and Time-Varying Risk Aversion in Sovereign Debt Markets," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168101, Verein für Socialpolitik / German Economic Association.
    30. Massimiliano Amarante & Mario Ghossoub, 2016. "Optimal Insurance for a Minimal Expected Retention: The Case of an Ambiguity-Seeking Insurer," Risks, MDPI, vol. 4(1), pages 1-27, March.
    31. Johannes G. Jaspersen & Richard Peter & Marc A. Ragin, 2023. "Probability weighting and insurance demand in a unified framework," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 48(1), pages 63-109, March.
    32. Christophe Courbage & Béatrice Rey, 2015. "On ambiguity apportionment," Working Papers 1527, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    33. Daiki Kishishita & Susumu Sato, 2021. "Optimal risk regulation of monopolists with subjective risk assessment," Journal of Regulatory Economics, Springer, vol. 59(3), pages 251-279, June.
    34. Birghila, Corina & Pflug, Georg Ch., 2019. "Optimal XL-insurance under Wasserstein-type ambiguity," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 30-43.
    35. Udo Broll & Peter Welzel & Kit Pong Wong, 2018. "Ambiguity preferences, risk taking and the banking firm," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(3), pages 343-353, December.
    36. Huang, Rachel J. & Huang, Yi-Chieh & Tzeng, Larry Y., 2013. "Insurance bargaining under ambiguity," Insurance: Mathematics and Economics, Elsevier, vol. 53(3), pages 812-820.
    37. Corina Birghila & Tim J. Boonen & Mario Ghossoub, 2020. "Optimal Insurance under Maxmin Expected Utility," Papers 2010.07383, arXiv.org.
    38. Herjanto, Halimin & Amin, Muslim & Purington, Elizabeth F., 2021. "Panic buying: The effect of thinking style and situational ambiguity," Journal of Retailing and Consumer Services, Elsevier, vol. 60(C).
    39. Yoshioka, Nagisa & 吉岡, 渚 & Yokoo, Hide-Fumi & 横尾, 英史 & Saengavut, Voravee & Bumrungkit, Siraprapa, 2020. "Ambiguity Aversion and Individual Adaptation to Climate Change: Evidence from a Farmer Survey in Northeastern Thailand," Discussion Papers 2020-06, Graduate School of Economics, Hitotsubashi University.
    40. Cong Tam Trinh & Xuan Nguyen & Pasquale Sgro, 2021. "Culture and the demand for non‐life insurance: Empirical evidences from middle‐income and high‐income economies," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(3), pages 431-458, July.
    41. Chiara FALCO & Douch KONG & Valentina ROTONDI & Valeria SPELTA, 2016. "Investment, Insurance and Weather Shocks: Evidence from a Lab Experiment in Cambodia," Departmental Working Papers 2016-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    42. Driouchi, Tarik & So, Raymond H.Y. & Trigeorgis, Lenos, 2020. "Investor ambiguity, systemic banking risk and economic activity: The case of too-big-to-fail," Journal of Corporate Finance, Elsevier, vol. 62(C).
    43. Han Bleichrodt, 2022. "The prevention puzzle," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(2), pages 277-297, September.
    44. Hu, Duni & Chen, Shou & Wang, Hailong, 2018. "Robust reinsurance contracts with uncertainty about jump risk," European Journal of Operational Research, Elsevier, vol. 266(3), pages 1175-1188.
    45. Dougherty, John P. & Flatnes, Jon Einar & Gallenstein, Richard A. & Miranda, Mario J. & Sam, Abdoul G., 2020. "Climate change and index insurance demand: Evidence from a framed field experiment in Tanzania," Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 155-184.
    46. Timo R. Lambregts & Paul Bruggen & Han Bleichrodt, 2021. "Insurance decisions under nonperformance risk and ambiguity," Journal of Risk and Uncertainty, Springer, vol. 63(3), pages 229-253, December.
    47. Broll, Udo & Wong, Kit Pong, 2015. "The incentive to trade under ambiguity aversion," The Journal of Economic Asymmetries, Elsevier, vol. 12(2), pages 190-196.
    48. Jiang, Wenjun & Ren, Jiandong & Yang, Chen & Hong, Hanping, 2019. "On optimal reinsurance treaties in cooperative game under heterogeneous beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 85(C), pages 173-184.
    49. Richard Peter, 2021. "Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1259-1281, June.
    50. Peter, Richard & Ying, Jie, 2020. "Do you trust your insurer? Ambiguity about contract nonperformance and optimal insurance demand," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 938-954.
    51. M. Brunette & S. Couture & J. Foncel & S. Garcia, 2020. "The decision to insure against forest fire risk: an econometric analysis combining hypothetical real data," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(1), pages 111-133, January.
    52. Kocher, Martin G. & Lahno, Amrei Marie & Trautmann, Stefan T., 2018. "Ambiguity aversion is not universal," Munich Reprints in Economics 62872, University of Munich, Department of Economics.
    53. Feng, Jingbing & Xu, Xian & Zou, Hong, 2023. "Risk communication clarity and insurance demand: The case of the COVID-19 pandemic," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    54. Kit Pong Wong, 2015. "A Smooth Ambiguity Model Of The Competitive Firm," Bulletin of Economic Research, Wiley Blackwell, vol. 67(S1), pages 97-110, December.
    55. Ghossoub, Mario, 2019. "Optimal insurance under rank-dependent expected utility," Insurance: Mathematics and Economics, Elsevier, vol. 87(C), pages 51-66.
    56. Falco, Chiara & Rotondi, Valentina & Kong, Douch & Spelta, Valeria, 2021. "Investment, insurance and weather shocks: Evidence from Cambodia," Ecological Economics, Elsevier, vol. 188(C).
    57. Hui Li & Seth Neumuller & Casey Rothschild, 2021. "Optimal annuitization with imperfect information about insolvency risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 101-130, March.
    58. Li, Zheng & Hensher, David A. & Zeng, Jingjing, 2022. "Travel choice behaviour under uncertainty in real-market settings: A source-dependent utility approach," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 168(C).
    59. Broll, Udo & Welzel, Peter & Wong, Kit Pong, 2016. "The banking firm under ambiguity aversion," CEPIE Working Papers 01/16, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    60. Grechuk, Bogdan & Zabarankin, Michael, 2014. "Risk averse decision making under catastrophic risk," European Journal of Operational Research, Elsevier, vol. 239(1), pages 166-176.
    61. Dietz, Simon & Walker, Oliver, 2017. "Ambiguity and insurance: capital requirements andpremiums," LSE Research Online Documents on Economics 68469, London School of Economics and Political Science, LSE Library.
    62. Victor Filipe Martins da Rocha & Rafael Mouallem, 2020. "Second-Order Beliefs and Second-Order Expected Utility," Working Papers hal-02922263, HAL.
    63. Wong, Kit Pong, 2016. "Ambiguity and the multinational firm," International Review of Economics & Finance, Elsevier, vol. 43(C), pages 404-414.
    64. Jianli Wang & Yingrong Su & Jingyuan Li & Ho Yin Yick, 2022. "Demand for insurance with nonadditive probabilistic beliefs," Bulletin of Economic Research, Wiley Blackwell, vol. 74(3), pages 854-862, July.
    65. L. A. Franzoni, 2016. "Optimal liability design under risk and ambiguity," Working Papers wp1048, Dipartimento Scienze Economiche, Universita' di Bologna.
    66. Dougherty, John & Flatnes, Jon Einar & Gallenstein, Richard & Miranda, Mario J. & Sam, Abdoul G., 2017. "Investigating the Impact of Climate Change on the Demand for Index Insurance," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258524, Agricultural and Applied Economics Association.
    67. Huang, Yi-Chieh & Tzeng, Larry Y. & Zhao, Lin, 2015. "Comparative ambiguity aversion and downside ambiguity aversion," Insurance: Mathematics and Economics, Elsevier, vol. 62(C), pages 257-269.
    68. Johanna Etner & Meglena Jeleva & Olivier Renault, 2024. "Dynamic decision-making when ambiguity attitudes depend on exogenous events," Theory and Decision, Springer, vol. 96(2), pages 269-295, March.

  31. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    See citations under working paper version above.
  32. Christian Gollier, 2012. "Actualisation et développement durable : en faisons-nous assez pour les générations futures?," Annals of Economics and Statistics, GENES, issue 2012.HS1, pages 57-96.

    Cited by:

    1. Jean-Luc Gaffard, 2021. "La transition écologique : incertitude, irréversibilité et modèle institutionnel," GREDEG Working Papers 2021-04, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Feb 2021.

  33. Christian Gollier, 2011. "On the Underestimation of the Precautionary Effect in Discounting*," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 36(2), pages 95-111, December.

    Cited by:

    1. van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
    2. Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
    3. Rick Van der Ploeg & Ton S. Van den Bremer, 2018. "The Risk-Adjusted Carbon Price," OxCarre Working Papers 203, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    4. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    5. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    6. Kathrin Goldmann, 2017. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Working Papers 22, Institute of Transport Economics, University of Muenster.
    7. David Ceballos Hornero & Samuel Mongrut Montalván, 2021. "The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-24, Octubre -.

  34. Christian Gollier & Edward Schlee, 2011. "Information And The Equity Premium," Journal of the European Economic Association, European Economic Association, vol. 9(5), pages 871-902, October.
    See citations under working paper version above.
  35. Christian Gollier, 2011. "Discounting and risk adjusting non-marginal investment projects," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 38(3), pages 325-334, August.

    Cited by:

    1. Defrancesco, Edi & Gatto, Paola & Rosato, Paolo, 2014. "A ‘component-based’ approach to discounting for natural resource damage assessment," Ecological Economics, Elsevier, vol. 99(C), pages 1-9.

  36. Christian Gollier, 2011. "Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(4), pages 1329-1344.
    See citations under working paper version above.
  37. Gollier, Christian, 2010. "Expected net present value, expected net future value, and the Ramsey rule," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 142-148, March.
    See citations under working paper version above.
  38. Christian Gollier & Alexander Muermann, 2010. "Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment," Management Science, INFORMS, vol. 56(8), pages 1272-1284, August.
    See citations under working paper version above.
  39. Christian Gollier, 2010. "Debating about the Discount Rate:The Basic Economic Ingredients," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(s1), pages 38-55, May.

    Cited by:

    1. Harald Dyckhoff & Tarek Kasah, 2014. "Time Horizon and Dominance in Dynamic Life Cycle Assessment," Journal of Industrial Ecology, Yale University, vol. 18(6), pages 799-808, December.
    2. Henckens, M.L.C.M. & Ryngaert, C.M.J. & Driessen, P.P.J. & Worrell, E., 2018. "Normative principles and the sustainable use of geologically scarce mineral resources," Resources Policy, Elsevier, vol. 59(C), pages 351-359.
    3. Breton, Michèle & Keoula, Michel Yevenunye, 2014. "A great fish war model with asymmetric players," Ecological Economics, Elsevier, vol. 97(C), pages 209-223.
    4. Reto Knutti & Joeri Rogelj, 2015. "The legacy of our CO 2 emissions: a clash of scientific facts, politics and ethics," Climatic Change, Springer, vol. 133(3), pages 361-373, December.

  40. Gollier, Christian, 2010. "Ecological discounting," Journal of Economic Theory, Elsevier, vol. 145(2), pages 812-829, March.
    See citations under working paper version above.
  41. Gollier, Christian & Weitzman, Martin L., 2010. "How should the distant future be discounted when discount rates are uncertain?," Economics Letters, Elsevier, vol. 107(3), pages 350-353, June.
    See citations under working paper version above.
  42. Gollier, Christian, 2009. "Should we Discount the Far-Distant Future at its Lowest Possible Rate?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-14.
    See citations under working paper version above.
  43. Gollier, Christian, 2008. "Understanding saving and portfolio choices with predictable changes in assets returns," Journal of Mathematical Economics, Elsevier, vol. 44(5-6), pages 445-458, April.
    See citations under working paper version above.
  44. Christian Gollier & Phoebe Koundouri & Theologos Pantelidis, 2008. "Declining discount rates: Economic justifications and implications for long-run policy [‘Regime switches in interest rates’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(56), pages 758-795.
    See citations under working paper version above.
  45. Gollier, Christian, 2008. "Intergenerational risk-sharing and risk-taking of a pension fund," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1463-1485, June.
    See citations under working paper version above.
  46. Christian Gollier, 2008. "Discounting with fat-tailed economic growth," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 171-186, December.
    See citations under working paper version above.
  47. Markus K. Brunnermeier & Jonathan A. Parker & Christian Gollier, 2007. "Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns," American Economic Review, American Economic Association, vol. 97(2), pages 159-165, May.
    See citations under working paper version above.
  48. Christian Gollier, 2007. "Comment intégrer le risque dans le calcul économique ?," Revue d'économie politique, Dalloz, vol. 117(2), pages 209-223.

    Cited by:

    1. Nicolas Piluso & Clément Rau, 2016. "Les investissements de sécurisation des sites industriels à risque et la concertation entre firmes et riverains: une approche théorique," Post-Print hal-01448421, HAL.
    2. Pierre-André Jouvet & Elodie Lecadre & Caroline Orset, 2011. "Irreversible investment, uncertainty, and ambiguity: the case of bioenergy sector," Working Papers 2011/01, INRA, Economie Publique.
    3. Veronique Thireau, 2014. "Quel traitement des déchets par l'analyse économique ?," Post-Print hal-01221380, HAL.
    4. Nicolas Piluso, 2023. "Confrontation between shareholders and local residents over safety investments in high-risk industries," Post-Print hal-04154392, HAL.
    5. Michalis Skourtos & Dimitris Damigos & Areti Kontogianni & Christos Tourkolias & Alistair Hunt, 2019. "Embedding Preference Uncertainty for Environmental Amenities in Climate Change Economic Assessments: A “Random” Step Forward," Economies, MDPI, vol. 7(4), pages 1-22, October.
    6. Nicolas Piluso, 2017. "La concertation sur les risques industriels : une modélisation," Working Papers hal-01448420, HAL.
    7. Sterner, Thomas & Persson, U. Martin, 2007. "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate," RFF Working Paper Series dp-07-37, Resources for the Future.
    8. Nicole El Karoui & Mohamed Mrad & Caroline Hillairet, 2014. "Ramsey Rule with Progressive utility and Long Term Affine Yields Curves," Post-Print hal-00974831, HAL.
    9. Axel Pierru and Walid Matar, 2014. "The Impact of Oil Price Volatility on Welfare in the Kingdom of Saudi Arabia: Implications for Public Investment Decision-making," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).

  49. Christian Gollier, 2007. "La Finance Durable du Rapport Stern," Revue d'économie politique, Dalloz, vol. 117(4), pages 463-473.

    Cited by:

    1. Dominique Bureau, 2009. "Économie d’un accord global sur le climat : une introduction," Économie et Prévision, Programme National Persée, vol. 190(4), pages 1-19.

  50. Christian Gollier, 2007. "Whom should we believe? Aggregation of heterogeneous beliefs," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 107-127, October.

    Cited by:

    1. Elyès Jouini & Selima Ben Mansour & Clotilde Napp & Jean-Michel Marin & Christian P. Robert, 2008. "Are Risk Averse Agents More Optimistic? A Bayesian Estimation Approach," Post-Print halshs-00176629, HAL.
    2. Vasyl Golosnoy & Nestor Parolya, 2016. "`To Have What They are Having': Portfolio Choice for Mimicking Mean-Variance Savers," Papers 1611.01524, arXiv.org.
    3. Elyès Jouini & Clotilde Napp & Diego Nocetti, 2013. "Collective risk aversion," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(2), pages 411-437, February.
    4. Xue‐Zhong He & Lei Shi, 2012. "Boundedly rational equilibrium and risk premium," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 52(1), pages 71-93, March.
    5. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    6. Elyès Jouini & Clotilde Napp, 2010. "Unbiased Disagreement in financial markets, waves of pessimism and the risk return tradeoff," Post-Print halshs-00488481, HAL.
    7. Athey, Susan, 2002. "Monotone Comparative Statics Under Uncertainty," Scholarly Articles 3372263, Harvard University Department of Economics.
    8. Marco Ottaviani & Peter Norman Sørensen, 2015. "Price Reaction to Information with Heterogeneous Beliefs and Wealth Effects: Underreaction, Momentum, and Reversal," American Economic Review, American Economic Association, vol. 105(1), pages 1-34, January.
    9. He, Xue-Zhong & Treich, Nicolas, 2012. "Heterogeneous Beliefs and Prediction Market Accuracy," IDEI Working Papers 775, Institut d'Économie Industrielle (IDEI), Toulouse.
    10. Fabrice Rousseau & Hervé Boco & Laurent Germain, 2016. "Heterogeneous Noisy Beliefs and Dynamic Competition in Financial Markets," Economics Department Working Paper Series n269-16.pdf, Department of Economics, National University of Ireland - Maynooth.
    11. Xue-Zhong He & Lei Shi, 2010. "Differences in Opinion and Risk Premium," Research Paper Series 271, Quantitative Finance Research Centre, University of Technology, Sydney.
    12. Laure Cabantous & Denis Hilton & Howard Kunreuther & Erwann Michel-Kerjan, 2011. "Is imprecise knowledge better than conflicting expertise? Evidence from insurers’ decisions in the United States," Journal of Risk and Uncertainty, Springer, vol. 42(3), pages 211-232, June.

  51. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    See citations under working paper version above.
  52. Christian Gollier & Richard Zeckhauser, 2005. "Aggregation of Heterogeneous Time Preferences," Journal of Political Economy, University of Chicago Press, vol. 113(4), pages 878-896, August.

    Cited by:

    1. Fujii, Tomoki & Karp, Larry, 2008. "Numerical analysis of non-constant pure rate of time preference: A model of climate policy," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 83-101, July.
    2. Li, Shilin & Li, Tongtong & Yang, Jinqiang, 2022. "Optimal consumption and portfolio choices in the stochastic SIS model," The North American Journal of Economics and Finance, Elsevier, vol. 63(C).
    3. Lisa A. Robinson & James K. Hammitt, 2011. "Behavioral Economics and Regulatory Analysis," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1408-1422, September.
    4. Daniela Glätzle-Rützler & Philipp Lergetporer & Matthias Sutter, 2021. "Collective Intertemporal Decisions and Heterogeneity in Groups," ECONtribute Discussion Papers Series 054, University of Bonn and University of Cologne, Germany.
    5. Vivek Ghosal & Yang Ye, 2015. "Uncertainty and the employment dynamics of small and large businesses," Small Business Economics, Springer, vol. 44(3), pages 529-558, March.
    6. Hens, Thorsten & Schindler, Nilüfer, 2020. "Value and patience: The value premium in a dividend-growth model with hyperbolic discounting," Journal of Economic Behavior & Organization, Elsevier, vol. 172(C), pages 161-179.
    7. Phoebe Koundouri & Georgios I. Papayiannis & Electra Petracou & Athanasios Yannacopoulos, 2023. "Consensus group decision making under model uncertainty with a view towards environmental policy making," DEOS Working Papers 2305, Athens University of Economics and Business.
    8. Chiaki Hara, 2019. "Heterogeneous Impatience of Individual Consumers and Decreasing Impatience of the Representative Consumer," KIER Working Papers 1009, Kyoto University, Institute of Economic Research.
    9. Gonzalez, Francisco M. & Lazkano, Itziar & Smulders, Sjak A., 2018. "Intergenerational altruism with future bias," Journal of Economic Theory, Elsevier, vol. 178(C), pages 436-454.
    10. Milo Bianchi & Rose-Anne Dana & Elyès Jouini, 2022. "Shareholder heterogeneity, asymmetric information, and the equilibrium manager," PSE-Ecole d'économie de Paris (Postprint) halshs-03839938, HAL.
    11. Geoffrey Heal & Antony Millner, 2013. "Discounting under disagreement," GRI Working Papers 112, Grantham Research Institute on Climate Change and the Environment.
    12. Kirill Borissov & Joseph Hanna & Stéphane Lambrecht, 2019. "Public goods, voting, and growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 21(6), pages 1221-1265, December.
    13. Loïc Berger & Johannes Emmerling, 2020. "Welfare as Equity Equivalents," Post-Print hal-02937705, HAL.
    14. Drouhin, Nicolas, 2020. "Non-stationary additive utility and time consistency," Journal of Mathematical Economics, Elsevier, vol. 86(C), pages 1-14.
    15. Koulovatianos, Christos & Schröder, Carsten & Schmidt, Ulrich, 2019. "Do demographics prevent consumption aggregates from reflecting micro-level preferences?," European Economic Review, Elsevier, vol. 111(C), pages 166-190.
    16. Bianchi, Milo & Dana, Rose-Anne & Jouini, Elyès, 2021. "Equilibrium CEO Contract with Belief Heterogeneity," TSE Working Papers 21-1253, Toulouse School of Economics (TSE).
    17. Bård Harstad, 2018. "Pledge-and-Review Bargaining," CESifo Working Paper Series 7296, CESifo.
    18. Hara, Chiaki & 原, 千秋 & ハラ, チアキ, 2009. "Heterogeneous Impatience in a Continuous-Time Model," PIE/CIS Discussion Paper 425, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    19. Elyès Jouini & Clotilde Napp, 2008. "Aggregation of Discount Rates: an Equilibrium Approach," Working Papers halshs-00394035, HAL.
    20. Bernd Huber & Marco Runkel, 2008. "Hyperbolic Discounting, Public Debt And Balanced Budget Rules," Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(5), pages 543-560, November.
    21. Xiaosheng Mu & Luciano Pomatto & Philipp Strack & Omer Tamuz, 2021. "Monotone Additive Statistics," Working Papers 2021-36, Princeton University. Economics Department..
    22. Xue, Licun, 2008. "The bargaining within," Economics Letters, Elsevier, vol. 101(2), pages 145-147, November.
    23. Boel, Paola & Camera, Gabriele, 2006. "Efficient monetary allocations and the illiquidity of bonds," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1693-1715, October.
    24. Dan Li & Geng Li, 2021. "Whose Disagreement Matters? Household Belief Dispersion and Stock Trading Volume [Belief dispersion in the stock market]," Review of Finance, European Finance Association, vol. 25(6), pages 1859-1900.
    25. Hara, Chiaki, 2008. "Complete monotonicity of the representative consumer's discount factor," Journal of Mathematical Economics, Elsevier, vol. 44(12), pages 1321-1331, December.
    26. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    27. Bo Liu & Lei Lu & Congming Mu & Jinqiang Yang, 2021. "Heterogeneous preferences, investment, and asset pricing," Financial Management, Financial Management Association International, vol. 50(4), pages 1169-1193, December.
    28. Semyon Malamud, 2008. "Universal bounds for asset prices in heterogeneous economies," Finance and Stochastics, Springer, vol. 12(3), pages 411-422, July.
    29. Fujii, Tomoki & Karp, Larry, 2006. "Numerical Analysis of Non-Constant Discounting with an Application to Renewable Resource Management," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt74q473v8, Department of Agricultural & Resource Economics, UC Berkeley.
    30. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    31. Laurent Denant-Boemont & Enrico Diecidue & Olivier l’Haridon, 2017. "Patience and time consistency in collective decisions," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 181-208, March.
    32. Peter Harrison Howard & Derek Sylvan, 2020. "Wisdom of the experts: Using survey responses to address positive and normative uncertainties in climate-economic models," Climatic Change, Springer, vol. 162(2), pages 213-232, September.
    33. Hepburn, Cameron J. & Koundouri, Phoebe, 2007. "Recent advances in discounting: Implications for forest economics," Journal of Forest Economics, Elsevier, vol. 13(2-3), pages 169-189, August.
    34. Elyès Jouini & Clotilde Napp, 2014. "How to aggregate experts' discount rates: an equilibrium approach," Post-Print halshs-00927269, HAL.
    35. Melanie Lührmann & Marta Serra-Garcia & Joachim K. Winter, 2014. "The impact of financial education on adolescents' intertemporal choices," IFS Working Papers W14/18, Institute for Fiscal Studies.
    36. Simon Dietz & Anca N. Matei, 2013. "Spaces for agreement: a theory of Time-Stochastic Dominance," GRI Working Papers 137, Grantham Research Institute on Climate Change and the Environment.
    37. Barrage, Lint, 2018. "Be careful what you calibrate for: Social discounting in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 33-49.
    38. Iverson, Terrence, 2012. "Optimal Carbon Taxes with Non-Constant Time Preference," MPRA Paper 43264, University Library of Munich, Germany.
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  53. Eeckhoudt, Louis & Gollier, Christian & Treich, Nicolas, 2005. "Optimal consumption and the timing of the resolution of uncertainty," European Economic Review, Elsevier, vol. 49(3), pages 761-773, April.
    See citations under working paper version above.
  54. Christian Gollier, 2005. "Quel taux d actualisation pour quel avenir ?," Revue Française d'Économie, Programme National Persée, vol. 19(4), pages 59-81.

    Cited by:

    1. Vincent Touzé, 2006. "Fluctuations et partage entre les générations. Quelques exemples théoriques," Revue de l'OFCE, Presses de Sciences-Po, vol. 96(1), pages 51-77.
    2. Vincent Touzé, 2006. "Fluctuations et partage entre les générations," SciencePo Working papers Main hal-03462168, HAL.
    3. Vincent Touzé, 2006. "Fluctuations et partage entre les générations," Post-Print hal-03462168, HAL.
    4. Damien J.A. BAZIN & Sylvie FERRARI & Richard B. HOWARTH, 2018. "Introducing Environmental Ethics into Economic Analysis: Some insights from Hans Jonas’ Responsibility Principle," Cahiers du GREThA (2007-2019) 2018-17, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

  55. Louis Eeckhoudt & Christian Gollier, 2005. "The impact of prudence on optimal prevention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 989-994, November.
    See citations under working paper version above.
  56. Gollier, Christian & Proult, David & Thais, Francoise & Walgenwitz, Gilles, 2005. "Choice of nuclear power investments under price uncertainty: Valuing modularity," Energy Economics, Elsevier, vol. 27(4), pages 667-685, July.
    See citations under working paper version above.
  57. Gollier, Christian, 2004. "Maximizing the expected net future value as an alternative strategy to gamma discounting," Finance Research Letters, Elsevier, vol. 1(2), pages 85-89, June.
    See citations under working paper version above.
  58. Gollier Christian, 2004. "Optimal Dynamic Portfolio Risk with First-Order and Second-Order Predictability," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 4(1), pages 1-35, September.
    See citations under working paper version above.
  59. Christian Gollier, 2004. "Misery Loves Company: Equilibrium Portfolios With Heterogeneous Consumption Externalities," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1169-1192, November.

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    1. Kichko, Sergey & Picard, Pierre M., 2021. "Effect of conformism on firm selection, product quality and home bias," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 402-418.
    2. Wharton School & Nikolai Roussanov, 2008. "Diversification and its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status," 2008 Meeting Papers 924, Society for Economic Dynamics.
    3. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," ISU General Staff Papers 201904010700001060, Iowa State University, Department of Economics.
    4. Kazuo Mino & Yasuhiro Nakamoto, 2009. "Consumption Externalities and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 683, Kyoto University, Institute of Economic Research.
    5. Takeo Hori & Masako Ikefuji & Kazuo Mino, 2015. "Conformism And Structural Change," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 939-961, August.
    6. Kazuo MIno & Yasuhiro Nakamoto, 2015. "Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 928, Kyoto University, Institute of Economic Research.
    7. Stark, Oded & Szczygielski, Krzysztof, 2019. "The likelihood of divorce and the riskiness of financial decisions," University of Tübingen Working Papers in Business and Economics 121, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    8. Sergey Kichko & Pierre M. Picard, 2018. "Heterogeneity in Conformism, Firm Selection, and Home Bias," HSE Working papers WP BRP 187/EC/2018, National Research University Higher School of Economics.
    9. Mino, Kazuo & Nakamoto, Yasuhiro, 2012. "Consumption externalities and equilibrium dynamics with heterogeneous agents," Mathematical Social Sciences, Elsevier, vol. 64(3), pages 225-233.
    10. Boaz Moselle & François Degeorge & Richard Zeckhauser, 2007. "Conspicuous Conservatism In Risk Choice," Swiss Finance Institute Research Paper Series 07-15, Swiss Finance Institute.
    11. Barnett, Richard & Bhattacharya, Joydeep & Bunzel, Helle, 2016. "The Fight-or-Flight Response to the Joneses," School of Economics Working Paper Series 2016-12, LeBow College of Business, Drexel University.
    12. Curatola, Giuliano, 2017. "Portfolio choice and asset prices when preferences are interdependent," Journal of Economic Behavior & Organization, Elsevier, vol. 140(C), pages 197-223.
    13. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2018. "The Fight-or-Flight Response to the Joneses and Income Inequality," ISU General Staff Papers 201812120800001060, Iowa State University, Department of Economics.
    14. Johnson, Timothy C., 2012. "Inequality risk premia," Journal of Monetary Economics, Elsevier, vol. 59(6), pages 565-580.
    15. Kazuo MIno & Yasuhiro Nakamoto, 2014. "Conformism and Wealth Distribution," KIER Working Papers 901, Kyoto University, Institute of Economic Research.
    16. Curatola, Giuliano, 2016. "Preference evolution and the dynamics of capital markets," SAFE Working Paper Series 128, Leibniz Institute for Financial Research SAFE.
    17. Levy, Moshe & Levy, Haim, 2015. "Keeping up with the Joneses and optimal diversification," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 29-38.
    18. Nikolai Roussanov & Pavel G. Savor, 2012. "Status, Marriage, and Managers' Attitudes To Risk," NBER Working Papers 17904, National Bureau of Economic Research, Inc.
    19. Bruno Solnik & Luo Zuo, 2012. "A Global Equilibrium Asset Pricing Model with Home Preference," Management Science, INFORMS, vol. 58(2), pages 273-292, February.

  60. David Alary & Christian Gollier, 2004. "Debt Contract, Strategic Default, and Optimal Penalties with Judgement Errors," Annals of Economics and Finance, Society for AEF, vol. 5(2), pages 357-372, November.

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    1. Jarko Fidrmuc & Pavel Ciaian & d'Artis Kancs & Jan Pokrivcak, 2011. "Credit Constraints, Heterogeneous Firms and Loan Defaults," EERI Research Paper Series EERI_RP_2011_17, Economics and Econometrics Research Institute (EERI), Brussels.
    2. Alfred Duncan & Charles Nolan, 2017. "Disputes, Debt and Equity," Studies in Economics 1716, School of Economics, University of Kent.
    3. Dennis, Richard & Kirsanova, Tatiana, 2014. "Computing Markov-Perfect Optimal Policies in Business-Cycle Models," SIRE Discussion Papers 2015-64, Scottish Institute for Research in Economics (SIRE).
    4. Ferreira-Filho, Joaquim Bento de Souza & Horridge, Mark, 2010. "Climate Change Impacts on Agriculture and Internal Migrations in Brazil," Conference papers 331926, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Weiye Cheny, 2018. "Optimal Mechanism Design with Resale: An Ex-Ante Price Default Model," Discussion Papers in Economics and Business 18-24, Osaka University, Graduate School of Economics.
    6. Samaresh Bardhan & Vivekananda Mukherjee, 2013. "Willful Default In Developing Country Banking System: A Theoretical Exercise," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 101-121, December.
    7. Ming Chang & Chiu Lin & Dachrahn Wu, 2008. "Piracy and limited liability," Journal of Economics, Springer, vol. 95(1), pages 25-53, October.

  61. Christian Gollier & Denis Hilton & Éric Raufaste, 2003. "Daniel Kahneman et l'analyse de la décision face au risque," Revue d'économie politique, Dalloz, vol. 113(3), pages 295-307.

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    1. Julien Cusin & Juliette Ducros-Passebois, 2015. "L’apprentissage émotionnel à distance de l’échec. Le cas de la Cité mondiale du vin et des spiritueux," Post-Print hal-03240450, HAL.

  62. Gollier, Christian & Treich, Nicolas, 2003. "Decision-Making under Scientific Uncertainty: The Economics of the Precautionary Principle," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 77-103, August.

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    1. Barbier , Edward B., 2020. "From Limits to Growth to Planetary Boundaries: The Evolution of Economic Views on Natural Resource Scarcity," 2020 Conference (64th), February 12-14, 2020, Perth, Western Australia 305259, Australian Agricultural and Resource Economics Society.
    2. Alan Randall, 2020. "On Intergenerational Commitment, Weak Sustainability, and Safety," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
    3. Aart de Zeeuw & Amos Zemel, 2012. "Regime Shifts and Uncertainty in Pollution Control," CESifo Working Paper Series 3697, CESifo.
    4. Lu Li & Richard Peter, 2021. "Should we do more when we know less? The effect of technology risk on optimal effort," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(3), pages 695-725, September.
    5. Edwin Michael & Mwele N Malecela & Mihail Zervos & James W Kazura, 2008. "Global Eradication of Lymphatic Filariasis: The Value of Chronic Disease Control in Parasite Elimination Programmes," PLOS ONE, Public Library of Science, vol. 3(8), pages 1-9, August.
    6. Pauline Barrieu & Bernard Sinclair-Desgagné, 2006. "On Precautionary Policies," Management Science, INFORMS, vol. 52(8), pages 1145-1154, August.
    7. Kjell Hausken, 2019. "Principal–Agent Theory, Game Theory, and the Precautionary Principle," Decision Analysis, INFORMS, vol. 16(2), pages 105-127, June.
    8. Olivier Godard, 2005. "The precautionary principle. Between social norms and economic constructs," Working Papers hal-00243008, HAL.
    9. . . & Willem Buiter, 2008. "Central banks and financial crises," FMG Discussion Papers dp619, Financial Markets Group.
    10. Hochman, Gal & Zilberman, David, 2021. "Optimal environmental taxation in response to an environmentally-unfriendly political challenger," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    11. Michael Finus & P Pintassilgo, 2012. "The Role of Uncertainty and Learning for the Success of International Climate Agreements," Department of Economics Working Papers 5/12, University of Bath, Department of Economics.
    12. Marcello Basili & Mauriziop Franzini, 2005. "The Avian Flu Disease: A Case of Precautionary Failure," Department of Economics University of Siena 454, Department of Economics, University of Siena.
    13. Quiggin, John, 2005. "The Precautionary Principle in Environmental Policy and the Theory of Choice under Uncertainty," Risk and Sustainable Management Group Working Papers 149847, University of Queensland, School of Economics.
    14. Michael Finus & Pedro Pintassilgo, 2010. "International Environmental Agreements under Uncertainty: Does the Veil of Uncertainty Help?," Working Papers 2010.79, Fondazione Eni Enrico Mattei.
    15. Annette Weier & Paul Loke, 2007. "Precaution and the Precautionary Principle: two Australian case studies," Staff Working Papers 0705, Productivity Commission, Government of Australia.
    16. Marcello Basili & Maurizio Franzini, 2006. "Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?," Risk Analysis, John Wiley & Sons, vol. 26(3), pages 617-630, June.
    17. Meglena Jeleva & Stéphane Rossignol, 2019. "Optimists, Pessimists, and the Precautionary Principle," Post-Print hal-04256724, HAL.
    18. Nabil I. Al-Najjar, 2015. "A Bayesian Framework for the Precautionary Principle," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 337-365.
    19. Jean-Charles Rochet, 2008. "Commentary : rethinking capital regulation," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 473-483.
    20. Iulie Aslaksen & Bent Natvig & Inger Nordal, 2004. "Environmental risk and the precautionary principle. "Late lessons from early warnings" applied to genetically modified plants," Discussion Papers 398, Statistics Norway, Research Department.
    21. Grijalva, Therese & Berrens, Robert P. & Shaw, W. Douglass, 2011. "Species preservation versus development: An experimental investigation under uncertainty," Ecological Economics, Elsevier, vol. 70(5), pages 995-1005, March.
    22. Dillen, Koen & Tollens, Eric & Wesseler, Justus, 2010. "The Barroso Proposal Of Nationalizing Gmapproval: A Look At Ht Sugar Beets Under Changed European Sugar Policy," 14th ICABR Conference, June 16-18, 2010, Ravello, Italy 188086, International Consortium on Applied Bioeconomy Research (ICABR).
    23. Lawrence Summers & Richard Zeckhauser, 2008. "Policymaking for posterity," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 115-140, December.
    24. Kimberly Burnett & James Roumasset & Yacov Tsur, 2007. "Delaying the Catastrophic Arrival of the Brown Tree Snake to Hawaii," Working Papers 200715, University of Hawaii at Manoa, Department of Economics.
    25. Arthur E. Attema & Anna K. Lugnér & Talitha L. Feenstra, 2010. "Investment in antiviral drugs: a real options approach," Health Economics, John Wiley & Sons, Ltd., vol. 19(10), pages 1240-1254, October.
    26. Jessica Stern & Jonathan B. Wiener, 2006. "Precaution Against Terrorism," Journal of Risk Research, Taylor & Francis Journals, vol. 9(4), pages 393-447, June.
    27. Henckens, M.L.C.M. & Ryngaert, C.M.J. & Driessen, P.P.J. & Worrell, E., 2018. "Normative principles and the sustainable use of geologically scarce mineral resources," Resources Policy, Elsevier, vol. 59(C), pages 351-359.
    28. Vana Tsimopoulou & Matthijs Kok & Johannes Vrijling, 2015. "Economic optimization of flood prevention systems in the Netherlands," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(6), pages 891-912, August.
    29. Stanley Fischer, 2008. "General discussion : the role of liquidity in financial crises," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 423-430.
    30. Anthony Heyes & Sandeep Kapur, 2023. "The precautionary principle when project implementation capacity is congestible," Theory and Decision, Springer, vol. 95(4), pages 691-711, November.
    31. Stéphane Hallegatte, 2012. "Investment decision-making under deep uncertainty - application to climate change," Post-Print hal-00802049, HAL.
    32. Edward B. Barbier & Joanne C. Burgess, 2019. "Scarcity and Safe Operating Spaces: The Example of Natural Forests," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 1077-1099, November.
    33. Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 137764, Australian Agricultural and Resource Economics Society.
    34. Truong, Chi & Trück, Stefan & Mathew, Supriya, 2018. "Managing risks from climate impacted hazards – The value of investment flexibility under uncertainty," European Journal of Operational Research, Elsevier, vol. 269(1), pages 132-145.
    35. Inger Lise Johansen & Marvin Rausand, 2014. "Defining complexity for risk assessment of sociotechnical systems: A conceptual framework," Journal of Risk and Reliability, , vol. 228(3), pages 272-290, June.
    36. Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
    37. Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," Conference Workshop Proceedings 31906, Productivity Commission.
    38. Erik Persson, 2014. "What Does It Take to Establish that a World Is Uninhabited Prior to Exploitation? A Question of Ethics as well as Science," Challenges, MDPI, vol. 5(2), pages 1-15, August.
    39. Peter R. Fisher, 2008. "Commentary : the role of liquidity in financial crises," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 413-422.
    40. Heyen, Daniel & Goeschl, Timo & Wiesenfarth , Boris, 2015. "Risk Assessment under Ambiguity: Precautionary Learning vs. Research Pessimism," Working Papers 0605, University of Heidelberg, Department of Economics.
    41. Kalra, Nidhi & Hallegatte, Stephane & Lempert, Robert & Brown, Casey & Fozzard, Adrian & Gill, Stuart & Shah, Ankur, 2014. "Agreeing on robust decisions : new processes for decision making under deep uncertainty," Policy Research Working Paper Series 6906, The World Bank.
    42. Anne van Aaken & Janis Antonovics & Jonathan B. Wiener, 2016. "The Tragedy of the Uncommons: On the Politics of Apocalypse," Global Policy, London School of Economics and Political Science, vol. 7, pages 67-80, May.
    43. Quaas, Martin F. & Quaas, Johannes & Rickels, Wilfried & Boucher, Olivier, 2017. "Are there reasons against open-ended research into solar radiation management? A model of intergenerational decision-making under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 84(C), pages 1-17.
    44. Krutilla,Kerry Mace & Good,David Henning & Toman,Michael A. & Arin,Tijen, 2020. "Implementing Precaution in Benefit-Cost Analysis : The Case of Deep Seabed Mining," Policy Research Working Paper Series 9307, The World Bank.
    45. Caroline Orset Orset, 2014. "Innovation and The Precautionary Principle," Post-Print hal-01500845, HAL.
    46. Clapp, Jennifer, 2008. "Illegal GMO releases and corporate responsibility: Questioning the effectiveness of voluntary measures," Ecological Economics, Elsevier, vol. 66(2-3), pages 348-358, June.
    47. Jacob LaRiviere & David Kling & James N Sanchirico & Charles Sims & Michael Springborn, 2018. "The Treatment of Uncertainty and Learning in the Economics of Natural Resource and Environmental Management," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 92-112.
    48. Ludovic Gaudard & Franco Romerio, 2015. "Natural hazard risk in the case of an emergency: the real options’ approach," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 75(1), pages 473-488, January.
    49. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    50. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2019. "Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 42(1), pages 66-85.
    51. Manuel Fischer & Philip Leifeld, 2015. "Policy forums: Why do they exist and what are they used for?," Policy Sciences, Springer;Society of Policy Sciences, vol. 48(3), pages 363-382, September.
    52. Truong, Chi & Trück, Stefan, 2016. "It’s not now or never: Implications of investment timing and risk aversion on climate adaptation to extreme events," European Journal of Operational Research, Elsevier, vol. 253(3), pages 856-868.
    53. Nicolas Treich, 2021. "Cultured Meat: Promises and Challenges," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(1), pages 33-61, May.
    54. GROSSE Olivier & SEVI Benoît, 2005. "Dérégulation et R&D dans le secteur énergétique européen," Cahiers du CREDEN (CREDEN Working Papers) 05.07.59, CREDEN (Centre de Recherche en Economie et Droit de l'Energie), Faculty of Economics, University of Montpellier 1.
    55. Randall, Alan, 2009. "We Already Have Risk Management - Do We Really Need the Precautionary Principle?," International Review of Environmental and Resource Economics, now publishers, vol. 3(1), pages 39-74, August.
    56. Silke Gabbert & Hans‐Peter Weikard, 2010. "A theory of chemicals regulation and testing," Natural Resources Forum, Blackwell Publishing, vol. 34(2), pages 155-164, May.
    57. Turvey, Calum G. & Mojduszka, Eliza M., 2005. "The Precautionary Principle and the law of unintended consequences," Food Policy, Elsevier, vol. 30(2), pages 145-161, April.
    58. Franklin Allen & Elena Carletti, 2008. "The role of liquidity in financial crises," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 379-412.
    59. Louis Kaplow & David Weisbach, 2011. "Discount rates, social judgments, individuals’ risk preferences, and uncertainty," Journal of Risk and Uncertainty, Springer, vol. 42(2), pages 125-143, April.
    60. Dittrich, Ruth & Wreford, Anita & Moran, Dominic, 2016. "A survey of decision-making approaches for climate change adaptation: Are robust methods the way forward?," Ecological Economics, Elsevier, vol. 122(C), pages 79-89.
    61. Stephen Iles & Gary Johns, 2010. "An Economic Unravelling of the Precautionary Principle: The Queensland Wild Rivers Act 2005," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 17(2), pages 73-94.
    62. Nate Kauffman & Kristina Hill, 2021. "Climate Change, Adaptation Planning and Institutional Integration: A Literature Review and Framework," Sustainability, MDPI, vol. 13(19), pages 1-28, September.

  63. Gollier, Christian & Schlesinger, Harris, 2003. "Preserving preference rankings under background risk," Economics Letters, Elsevier, vol. 80(3), pages 337-341, September.

    Cited by:

    1. Yannick Malevergne & B. Rey, 2010. "Preserving preference rankings under non-financial background risk," Post-Print hal-02312501, HAL.
    2. Thomas Eichner & Rüdiger Pethig, 2010. "Efficient Management of Insecure Fossil Fuel Imports through Taxing (!) Domestic Green Energy?," CESifo Working Paper Series 3062, CESifo.
    3. Huang, James, 2014. "Convex and decreasing absolute risk aversion is proper," Economics Letters, Elsevier, vol. 125(1), pages 123-125.

  64. Christian Gollier, 2003. "To Insure or Not to Insure?: An Insurance Puzzle," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 28(1), pages 5-24, June.

    Cited by:

    1. Céline Grislain-Letremy, 2013. "Natural Disters : Exposure and Underinsurance," Working Papers 2013-15, Center for Research in Economics and Statistics.
    2. Meike Will & Jürgen Groeneveld & Karin Frank & Birgit Müller, 2021. "Informal risk-sharing between smallholders may be threatened by formal insurance: Lessons from a stylized agent-based model," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-18, March.
    3. Dissemin, uploaded via & Berg, Alexis & Quirion, Philippe & Sultan, Benjamin, 2018. "Weather-index drought insurance in Burkina-Faso: assessment of its potential interest to farmers," OSF Preprints dsmqz, Center for Open Science.
    4. Olivier Armantier & Jérôme Foncel & Nicolas Treich, 2023. "Insurance and portfolio decisions: Two sides of the same coin?," Post-Print hal-04062463, HAL.
    5. Marielle Brunette & Stéphane Couture & Éric E. Langlais, 2020. "Hedging strategies in forest management," Working Papers hal-01189403, HAL.
    6. Yingmei Tang & Huifang Cai & Rongmao Liu, 2022. "Will marketing strategies affect farmers’ preferences and willingness to pay for catastrophe insurance? Evidence from a choice experiment in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1376-1389, January.
    7. Alexis Louaas & Pierre Picard, 2014. "Optimal Insurance For Catastrophic Risk: Theory And Application To Nuclear Corporate Liability," Working Papers hal-01097897, HAL.
    8. Ghesquiere, Francis & Mahul, Olivier, 2007. "Sovereign natural disaster insurance for developing countries : a paradigm shift in catastrophe risk financing," Policy Research Working Paper Series 4345, The World Bank.
    9. Eling, Martin & Pradhan, Shailee & Schmit, Joan T., 2013. "The Determinants of Microinsurance Demand," Working Papers on Finance 1308, University of St. Gallen, School of Finance.
    10. Clarke, Danielle & Das, Narayan C. & de Nicola, Francesca & Hill, Ruth Vargas & Kumar, Neha & Mehta, Parendi, 2012. "The value of customized insurance for farmers in rural Bangladesh:," IFPRI discussion papers 1202, International Food Policy Research Institute (IFPRI).
    11. Clarke, Daniel J. & Hill, Ruth Vargas, 2013. "Cost-benefit analysis of the african risk capacity facility:," IFPRI discussion papers 1292, International Food Policy Research Institute (IFPRI).
    12. Alexis Berg & Philippe Quirion & Benjamin Sultan, 2009. "Weather-index drought insurance in Burkina-Faso: assessment of its potential interest to farmers," Post-Print hal-00520893, HAL.
    13. Gabriela Flores & Owen O'Donnell, 2013. "Catastrophic Medical Expenditure Risk," CESifo Working Paper Series 4198, CESifo.
    14. Randall P. Ellis & Shenyi Jian & Willard G. Manning, 2015. "Optimal health insurance for multiple goods and time periods," Boston University - Department of Economics - Working Papers Series wp2015-019, Boston University - Department of Economics.
    15. Christoph Heinzel & Richard Peter, 2021. "Precautionary motives with multiple instruments [Motifs de précaution en cas de multiples instruments]," Working Papers hal-03484875, HAL.
    16. Chi, Yichun & Zhuang, Sheng Chao, 2022. "Regret-based optimal insurance design," Insurance: Mathematics and Economics, Elsevier, vol. 102(C), pages 22-41.
    17. Renuka Sane & Susan Thomas, 2016. "From participation to repurchase: Low-income households and micro-insurance," Working Papers id:11133, eSocialSciences.
    18. Carter, Michael R. & Galarza, Francisco B. & Boucher, Steve, 2007. "Underwriting Area-based Yield Insurance to Crowd- in Credit Supply Demand," Working Papers 190918, University of California, Davis, Department of Agricultural and Resource Economics.
    19. Helge Braun & Winfried Koeniger, 2007. "On the role of market insurance in a dynamic model," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(1), pages 61-90, June.
    20. Gurenko, Eugene & Olivier, Mahul, 2004. "Enabling productive but asset-poor farmers to succeed : A risk financing framework," Policy Research Working Paper Series 3211, The World Bank.
    21. Hott, Christian & Tran, Thi Xuyen, 2020. "NatCats and Insurance in a Developing Economy - New Theoretical and Empirical Evidence," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224551, Verein für Socialpolitik / German Economic Association.
    22. Aurélien Baillon & Aleli Kraft & Owen O’Donnell & Kim Wilgenburg, 2022. "A behavioral decomposition of willingness to pay for health insurance," Journal of Risk and Uncertainty, Springer, vol. 64(1), pages 43-87, February.
    23. Jacqueline Volkman-Wise, 2015. "Representativeness and managing catastrophe risk," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 267-290, December.
    24. Daniel J. Clarke & Olivier Mahul & Richard Poulter & Tse-Ling Teh, 2017. "Evaluating Sovereign Disaster Risk Finance Strategies: A Framework," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(4), pages 565-584, October.
    25. Chen Hua & Mahani Reza S., 2012. "Optimal Demand for Insurance with Consumption Commitments," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 6(2), pages 1-26, June.
    26. Ching-Ping Wang & David Shyu & Hung-Hsi Huang, 2005. "Optimal Insurance Design Under a Value-at-Risk Framework," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 30(2), pages 161-179, December.
    27. M. Mercè Claramunt & Maite Mármol & Xavier Varea, 2023. "Facing a Risk: To Insure or Not to Insure—An Analysis with the Constant Relative Risk Aversion Utility Function," Mathematics, MDPI, vol. 11(5), pages 1-13, February.
    28. Moore, Kristen S. & Young, Virginia R., 2006. "Optimal insurance in a continuous-time model," Insurance: Mathematics and Economics, Elsevier, vol. 39(1), pages 47-68, August.
    29. Fwu-Ranq Chang, 2008. "Property Insurance, Portfolio Selection and their Interdependence," CESifo Working Paper Series 2260, CESifo.
    30. Heinzel Christoph & Richard Peter, 2021. "Precautionary motives with multiple instruments," Working Papers SMART 21-09, INRAE UMR SMART.
    31. Naser Jamil Najjar & Roqaya A. Mohsin Salman, 2013. "The Impact of Corporate Governance on the Insurance Firm¡¯s Performance in Bahrain," International Journal of Learning and Development, Macrothink Institute, vol. 3(2), pages 56-69, April.
    32. David Okelue Ugwunta & Uche Boniface Ugwuanyi, 2019. "Insurance Development and Economic Growth: An Examination of the Non-Bank Financial Institutions in Nigeria," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(2), pages 16-26, April.
    33. Naser Jamil Najjar, 2012. "The Impact of Corporate Governance on the Insurance Firm¡¯s Performance in Bahrain," International Journal of Learning and Development, Macrothink Institute, vol. 2(2), pages 1-17, April.
    34. K.S. , A. & Khan, T. & Kishore, A., 2018. "Willingness to pay for Weather Based Crop Insurance in Punjab," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277516, International Association of Agricultural Economists.
    35. Heinzel, Christoph & Peter, Richard, 2021. "Precautionary motives with multiple instruments," Working Papers 316521, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    36. Randy E. Dumm & David L. Eckles & Charles Nyce & Jacqueline Volkman-Wise, 2017. "Demand for Windstorm Insurance Coverage and the Representative Heuristic," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(2), pages 117-139, September.
    37. Christian Gollier, 2021. "Insurance economics and COVID‐19," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(4), pages 825-829, December.
    38. Hudson, Paul & Botzen, W.J. Wouter & Feyen, Luc & Aerts, Jeroen C.J.H., 2016. "Incentivising flood risk adaptation through risk based insurance premiums: Trade-offs between affordability and risk reduction," Ecological Economics, Elsevier, vol. 125(C), pages 1-13.
    39. Owen (O.A.) O'Donnell, 2019. "Financial Protection Against Medical Expense," Tinbergen Institute Discussion Papers 19-010/V, Tinbergen Institute.
    40. Hun Seog, S. & Hong, Jimin, 2022. "Market insurance and endogenous saving with multiple loss states," The North American Journal of Economics and Finance, Elsevier, vol. 61(C).
    41. Daniel Clarke & Sefan Dercon, 2009. "Insurance, Credit and Safety Nets for the Poor in a World of Risk," Working Papers 81, United Nations, Department of Economics and Social Affairs.
    42. Farrin, Katie & Miranda, Mario J. & O'Donoghue, Erik, 2016. "How Do Time and Money Affect Agricultural Insurance Uptake? A New Approach to Farm Risk Management Analysis," Economic Research Report 262194, United States Department of Agriculture, Economic Research Service.
    43. Alexis Louaas & Pierre Picard, 2019. "Optimal nuclear liability insurance," Working Papers hal-01996648, HAL.
    44. Christian Gollier, 2005. "Some Aspects of the Economics of Catastrophe Risk Insurance," CESifo Working Paper Series 1409, CESifo.
    45. Yanyan Liu & Robert J. Myers, 2016. "The Dynamics Of Microinsurance Demand In Developing Countries Under Liquidity Constraints And Insurer Default Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 121-138, January.

  65. Gollier, Christian, 2002. "Discounting an uncertain future," Journal of Public Economics, Elsevier, vol. 85(2), pages 149-166, August.
    See citations under working paper version above.
  66. Gollier, Christian, 2002. "Time diversification, liquidity constraints, and decreasing aversion to risk on wealth," Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1439-1459, October.

    Cited by:

    1. Christian Gollier, 2007. "Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund," CESifo Working Paper Series 1969, CESifo.
    2. Pascal St-Amour, 2004. "Ratchet vs Blasé Investors and Asset Markets," CIRANO Working Papers 2004s-11, CIRANO.
    3. Tobin Hanspal & Annika Weber & Johannes Wohlfart, 2020. "Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations," CEBI working paper series 20-13, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    4. Sanchez, Leonardo & Vedenov, Dmitry, 2013. "Can Farmers Savings Accounts be Secured for Extreme Weather Events?," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150566, Agricultural and Applied Economics Association.
    5. Gollier, C., 2015. "Long-term savings: the case of life insurance in France," Financial Stability Review, Banque de France, issue 19, pages 129-136, April.
    6. Eeckhoudt, Louis & Gollier, Christian & Treich, Nicolas, 2005. "Optimal consumption and the timing of the resolution of uncertainty," European Economic Review, Elsevier, vol. 49(3), pages 761-773, April.
    7. Chung, Kee H. & Smith, William T. & Wu, Tao L., 2009. "Time diversification: Definitions and some closed-form solutions," Journal of Banking & Finance, Elsevier, vol. 33(6), pages 1101-1111, June.
    8. Semenov, Andrei, 2021. "Measuring the stock's factor beta and identifying risk factors under market inefficiency," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 635-649.
    9. Moore, Kristen S. & Young, Virginia R., 2006. "Optimal insurance in a continuous-time model," Insurance: Mathematics and Economics, Elsevier, vol. 39(1), pages 47-68, August.
    10. Hennessy, David A. & Lapan, Harvey E., 2006. "On the Nature of Certainty Equivalent Functionals," Staff General Research Papers Archive 12552, Iowa State University, Department of Economics.
    11. Hanspal, Tobin & Weber, Annika & Wohlfart, Johannes, 2020. "Exposure to the COVID-19 stock market crash and its effect on household expectations," SAFE Working Paper Series 279, Leibniz Institute for Financial Research SAFE.
    12. Levy, Haim & Levy, Moshe, 2021. "The cost of diversification over time, and a simple way to improve target-date funds," Journal of Banking & Finance, Elsevier, vol. 122(C).
    13. Bali, Turan G. & Demirtas, K. Ozgur & Levy, Haim & Wolf, Avner, 2009. "Bonds versus stocks: Investors' age and risk taking," Journal of Monetary Economics, Elsevier, vol. 56(6), pages 817-830, September.
    14. Chavas, Jean-Paul & Barham, Bradford, 2007. "On the Microeconomics of Diversification under Uncertainty and Learning," Staff Paper Series 515, University of Wisconsin, Agricultural and Applied Economics.
    15. Clarke, Daniel & Mahul, Olivier, 2011. "Disaster risk financing and contingent credit : a dynamic analysis," Policy Research Working Paper Series 5693, The World Bank.
    16. Christian Gollier, 2005. "Optimal Portfolio Management for Individual Pension Plans," CESifo Working Paper Series 1394, CESifo.
    17. Catherine Bobtcheff, 2011. "Optimal Dynamic Management of a Renewable Energy Source under Uncertainty," Annals of Economics and Statistics, GENES, issue 103-104, pages 143-172.
    18. Jean-Paul Chavas, 2011. "On the microeconomics of diversification under learning," Journal of Economics, Springer, vol. 104(1), pages 25-47, September.
    19. Levy, Haim & Levy, Moshe, 2021. "Stocks versus bonds for the long run when a riskless asset is available," Journal of Banking & Finance, Elsevier, vol. 133(C).
    20. Binswanger, Johannes, 2012. "Life cycle saving: Insights from the perspective of bounded rationality," European Economic Review, Elsevier, vol. 56(3), pages 605-623.
    21. Banks, James & Bassoli, Elena & Mammi, Irene, 2020. "Changing attitudes to risk at older ages: The role of health and other life events," Journal of Economic Psychology, Elsevier, vol. 79(C).

  67. Gollier, Christian & Schlesinger, Harris, 2002. "Changes in risk and asset prices," Journal of Monetary Economics, Elsevier, vol. 49(4), pages 747-760, May.
    See citations under working paper version above.
  68. Gollier, Christian, 2002. "Time Horizon and the Discount Rate," Journal of Economic Theory, Elsevier, vol. 107(2), pages 463-473, December.

    Cited by:

    1. Christian Gollier & Phoebe Koundouri & Theologos Pantelidis, 2008. "Declining discount rates: Economic justifications and implications for long-run policy [‘Regime switches in interest rates’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(56), pages 758-795.
    2. Stéphane Hallegatte, 2008. "A Proposal for a New Prescriptive Discounting Scheme: The Intergenerational Discount Rate," Working Papers 2008.47, Fondazione Eni Enrico Mattei.
    3. Fujii, Tomoki & Karp, Larry, 2008. "Numerical analysis of non-constant pure rate of time preference: A model of climate policy," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 83-101, July.
    4. Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
    5. Mouez Fodha, 2015. "Nuclear waste storage and environmental intergenerational externalities," PSE-Ecole d'économie de Paris (Postprint) insu-01105358, HAL.
    6. Gollier, Christian, 2009. "Ecological Discounting," IDEI Working Papers 524, Institut d'Économie Industrielle (IDEI), Toulouse.
    7. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2009. "Assessing the economic viability of alternative water resources in water scarce regions: The roles of economic valuation, cost–benefit analysis and discounting," 2009 Conference, August 16-22, 2009, Beijing, China 51692, International Association of Agricultural Economists.
    8. Hepburn, Cameron & Groom, Ben, 2007. "Gamma discounting and expected net future value," Journal of Environmental Economics and Management, Elsevier, vol. 53(1), pages 99-109, January.
    9. Tol, Richard S. J., 2007. "The Social Cost of Carbon: Trends, Outliers and Catastrophes," Economics Discussion Papers 2007-44, Kiel Institute for the World Economy (IfW Kiel).
    10. Ekaterini Panopoulou & B. Groom & P. Koundouri & Theologos Pantelidis, 2005. "Declining Discount Rates: Evidence from the UK," Economics Department Working Paper Series n1470105, Department of Economics, National University of Ireland - Maynooth.
    11. Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010. "Expected Utility and Catastrophic Risk in a Stochastic Economy-Climate Model," Discussion Paper 2010-122, Tilburg University, Center for Economic Research.
    12. Erhun KULA, 2006. "The social discount rate in cost benefit analysis: the British experience and lessons to be learned," Departmental Working Papers 2006-19, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    13. Emile QUINET, 2006. "Transport cost benefit analysis in France: Recent changes, progress and shortcomings," Departmental Working Papers 2006-22, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    14. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    15. Gollier, Christian, 2003. "Maximizing the Expected Net Future Value as an Alternative Strategy to Gamma Discounting," IDEI Working Papers 213, Institut d'Économie Industrielle (IDEI), Toulouse.
    16. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2010. "Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting," Ecological Economics, Elsevier, vol. 69(4), pages 839-847, February.
    17. Echazu Luciana & Nocetti Diego & Smith William T., 2012. "A New Look into the Determinants of the Ecological Discount Rate: Disentangling Social Preferences," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-44, April.
    18. Dongmei Guo & Shouyang Wang & Lin Zhao, 2020. "More Stringent Cap or Higher Penalty Fee? Dealing with Procrastination in Environmental Protection," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 41-69, May.
    19. Gollier, Christian, 2003. "Transitory Shocks to GNP and the Consumption-Based Term Structure of Interest Rates," IDEI Working Papers 175, Institut d'Économie Industrielle (IDEI), Toulouse.
    20. Katheline Schubert, 2006. "Éléments sur l'actualisation et l'environnement," Recherches économiques de Louvain, De Boeck Université, vol. 72(2), pages 157-175.
    21. Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Post-Print halshs-00206326, HAL.
    22. Gollier, Christian & Zheng, Jiakun & van der Ploeg, Frederick, 2022. "The Discounting Premium Puzzle: Survey evidence from professional economists," TSE Working Papers 22-1345, Toulouse School of Economics (TSE).
    23. Christian Gollier & Richard Zeckhauser, 2003. "Collective Investment Decision Making with Heterogeneous Time Preferences," CESifo Working Paper Series 915, CESifo.
    24. Giovanni Immordino & Mario Padula, 2007. "Discounting and Expropriation Risk," CSEF Working Papers 179, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    25. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.
    26. Ekaterini Panopoulou & B. Groom & P. Koundouri & Theologos Pantelidis, 2005. "Discounting the distant future: How much does model selection affect the certainty equivalent rate?," Economics Department Working Paper Series n1480105, Department of Economics, National University of Ireland - Maynooth.
    27. Yiannis Kountouris & Phoebe Koundouri, 2009. "Defining The Discount Rate Trajectory For The Evaluation Of Water Stress Mitigation Policies And Projects," DEOS Working Papers 0907, Athens University of Economics and Business.
    28. Louberge, Henri & Villeneuve, Stephane & Chesney, Marc, 2002. "Long-term risk management of nuclear waste: a real options approach," Journal of Economic Dynamics and Control, Elsevier, vol. 27(1), pages 157-180, November.
    29. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    30. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    31. Massimo Florio & Emanuela Sirtori, 2013. "The social cost of capital: recent estimates for the EU countries," Working Papers 201303, CSIL Centre for Industrial Studies.
    32. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    33. Christian Gollier, 2011. "On the Underestimation of the Precautionary Effect in Discounting," CESifo Working Paper Series 3536, CESifo.
    34. Hepburn, Cameron J. & Koundouri, Phoebe, 2007. "Recent advances in discounting: Implications for forest economics," Journal of Forest Economics, Elsevier, vol. 13(2-3), pages 169-189, August.
    35. Mabrouk, Mohamed, 2006. "Allais-anonymity as an alternative to the discounted-sum criterion in the calculus of optimal growth I: Consensual optimality," MPRA Paper 10512, University Library of Munich, Germany.
    36. Gollier, Christian, 2016. "Evaluation of long-dated assets: The role of parameter uncertainty," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 66-83.
    37. Gollier, Christian, 2008. "Discounting with Fat-Tailed Economic Growth," IDEI Working Papers 523, Institut d'Économie Industrielle (IDEI), Toulouse.
    38. Tatiana Ponomarenko & Eugene Marin & Sergey Galevskiy, 2022. "Economic Evaluation of Oil and Gas Projects: Justification of Engineering Solutions in the Implementation of Field Development Projects," Energies, MDPI, vol. 15(9), pages 1-22, April.
    39. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    40. Hultkrantz, Lars & A. Krüger, Niclas & Mantalos, Panagiotis, 2014. "Risk-adjusted long-term social rates of discount for transportation infrastructure investment," Research in Transportation Economics, Elsevier, vol. 47(C), pages 70-81.
    41. Traeger, Christian P., 2011. "Discounting and confidence," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt61m836d1, Department of Agricultural & Resource Economics, UC Berkeley.
    42. Cherbonnier, Frédéric & Gollier, Christian, 2018. "Risk-adjusted social discount rates," TSE Working Papers 18-972, Toulouse School of Economics (TSE), revised Dec 2020.
    43. Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009. "Social discounting under uncertainty: A cross-country comparison," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 140-150, March.
    44. Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2007. "Implications of declining discount rates: Climate Change Policy in the UK," DEOS Working Papers 0702, Athens University of Economics and Business.
    45. Christian Gollier, 2012. "Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes," CESifo Working Paper Series 4052, CESifo.
    46. Karp, Larry, 2005. "Global warming and hyperbolic discounting," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 261-282, February.
    47. Iverson, Terrence, 2013. "Minimax regret discounting," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 598-608.
    48. Gollier, Christian, 2015. "Discounting, inequality and economic convergence," Journal of Environmental Economics and Management, Elsevier, vol. 69(C), pages 53-61.
    49. Di Vita, Giuseppe, 2008. "Is the discount rate relevant in explaining the Environmental Kuznets Curve?," Journal of Policy Modeling, Elsevier, vol. 30(2), pages 191-207.
    50. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
    51. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    52. Hubert de La Bruslerie & Florent Pratlong, 2012. "La valeur psychologique du temps : Une synthèse de la littérature," Post-Print halshs-00636357, HAL.
    53. Elyès Jouini & Jean-Michel Marin & Clotilde Napp, 2010. "Discounting and Divergence of Opinion," Post-Print halshs-00176636, HAL.
    54. Stéphane Hallegatte, 2012. "Investment decision-making under deep uncertainty - application to climate change," Post-Print hal-00802049, HAL.
    55. Mouez Fodha, 2015. "Nuclear waste storage and environmental intergenerational externalities," PSE - Labex "OSE-Ouvrir la Science Economique" insu-01105358, HAL.
    56. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
    57. Patrick Ilg & Silke Gabbert & Hans‐Peter Weikard, 2017. "Nuclear Waste Management under Approaching Disaster: A Comparison of Decommissioning Strategies for the German Repository Asse II," Risk Analysis, John Wiley & Sons, vol. 37(7), pages 1213-1232, July.
    58. Tol, Richard S. J., 2005. "The marginal damage costs of carbon dioxide emissions: an assessment of the uncertainties," Energy Policy, Elsevier, vol. 33(16), pages 2064-2074, November.
    59. HUBERT Marie-Hélène & MOREAUX Michel, 2007. "The challenge of meeting the future food needs," LERNA Working Papers 07.17.238, LERNA, University of Toulouse.
    60. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376.
    61. David Pearce & Ben Groom & Cameron Hepburn & Phoebe Koundouri, 2003. "Valuing the Future: Recent advances in social discounting," DEOS Working Papers 0308, Athens University of Economics and Business.
    62. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.
    63. Desheng Wu & Shuzhen Chen, 2017. "Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion," Risk Analysis, John Wiley & Sons, vol. 37(8), pages 1522-1531, August.
    64. Richard S.J. Tol, 2012. "Targets for Global Climate Policy: An Overview," Working Paper Series 3712, Department of Economics, University of Sussex Business School.
    65. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    66. Dumenu, William Kwadwo, 2013. "What are we missing? Economic value of an urban forest in Ghana," Ecosystem Services, Elsevier, vol. 5(C), pages 137-142.
    67. M N Murty & Manoj Panda & William Joe, 2020. "Estimating Social Time Preference Rate for India:Lower Discount Rates for Climate Change Mitigation and other Long Run Investment Projects," IEG Working Papers 388, Institute of Economic Growth.
    68. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.
    69. Traeger, Christian P., 2011. "Discounting and confidence," CUDARE Working Papers 120418, University of California, Berkeley, Department of Agricultural and Resource Economics.
    70. Christian Gollier, 2005. "The Consumption-Based Determinants of the Term Structure of Discount Rates," CESifo Working Paper Series 1375, CESifo.
    71. Weikard, Hans-Peter & Zhu, Xueqin, 2005. "Discounting and environmental quality: When should dual rates be used?," Economic Modelling, Elsevier, vol. 22(5), pages 868-878, September.
    72. Traeger, Christian P., 2011. "Sustainability, limited substitutability, and non-constant social discount rates," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 215-228, September.
    73. Ben Groom & Phoebe Koundouri & Ekaterini Panopoulou & Theologos Pantelidis, 2004. "Model Selection For Estimating Certainty Equivalent Discount Rates," DEOS Working Papers 0407, Athens University of Economics and Business.
    74. Gollier, Christian, 2009. "Should We Discount the Far-Distant Future at Its Lowest Possible Rate?," Economics Discussion Papers 2009-7, Kiel Institute for the World Economy (IfW Kiel).
    75. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    76. Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
    77. Frédéric Cherbonnier & Christian Gollier, 2022. "Risk-adjusted Social Discount Rates," Post-Print hal-04012977, HAL.
    78. Anil Markandya & Enrica Cian & Laurent Drouet & Josué M. Polanco-Martínez & Francesco Bosello, 2019. "Building Risk into the Mitigation/Adaptation Decisions simulated by Integrated Assessment Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1687-1721, December.
    79. Christian Gollier, 2005. "Quel taux d actualisation pour quel avenir ?," Revue Française d'Économie, Programme National Persée, vol. 19(4), pages 59-81.
    80. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," PSE-Ecole d'économie de Paris (Postprint) hal-01666574, HAL.
    81. Koundouri, Phoebe & Groom, Ben, 2009. "Sustainability and the Economics of the Environment: Cost-Benefit Analysis and the Dynamics of the Long-Run Discount Rate," MPRA Paper 38278, University Library of Munich, Germany.
    82. Klepper, Gernot & Dovern, Jonas & Rickels, Wilfried & Barben, Daniel & Goeschl, Timo & Harnisch, Sebastian & Heyen, Daniel & Janich, Nina & Maas, Achim & Matzner, Nils & Scheffran, Jürgen & Uther, Ste, 2016. "Herausforderung Climate Engineering: Bewertung neuer Optionen für den Klimaschutz," Kieler Beiträge zur Wirtschaftspolitik 8, Kiel Institute for the World Economy (IfW Kiel).
    83. Onno J. Kuik & Barbara Bucher & Michela Catenacci & Etem Karakaya & Richard S.J. Tol, 2006. "Methodological aspects of recent climate change damage cost studies," Working Papers FNU-122, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006.
    84. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.
    85. Christian Gollier, 2002. "Quel taux d’actualisation pour le long terme ?," Revue d'Économie Financière, Programme National Persée, vol. 66(2), pages 253-267.
    86. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
    87. Monika Foltyn-Zarychta, 2021. "Future-Generation Perception: Equal or Not Equal? Long-Term Individual Discount Rates for Poland," Energies, MDPI, vol. 14(24), pages 1-19, December.
    88. Nijnik, Maria, 2004. "To an economist's perception on sustainability in forestry-in-transition," Forest Policy and Economics, Elsevier, vol. 6(3-4), pages 403-413, June.
    89. Masako Ikefuji & Roger J. A. Laeven & Jan R. Magnus & Chris Muris, 2011. "Weitzman meets Nordhaus: Expected utility and catastrophic risk in a stochastic economy-climate model," ISER Discussion Paper 0825, Institute of Social and Economic Research, Osaka University.
    90. Cameron Hepburn & Stephen Duncan & Antonis Papachristodoulou, 2010. "Behavioural Economics, Hyperbolic Discounting and Environmental Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(2), pages 189-206, June.

  69. Gollier, Christian & Zeckhauser, Richard J, 2002. "Horizon Length and Portfolio Risk," Journal of Risk and Uncertainty, Springer, vol. 24(3), pages 195-212, May.
    See citations under working paper version above.
  70. Christian Gollier, 2001. "Should we beware of the Precautionary Principle?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 16(33), pages 302-327.

    Cited by:

    1. Giovanni Immordino, 2003. "Looking for a Guide to Protect the Environment: The Development of the Precautionary Principle," Journal of Economic Surveys, Wiley Blackwell, vol. 17(5), pages 629-644, December.
    2. Pauline Barrieu & Bernard Sinclair-Desgagné, 2006. "On Precautionary Policies," Management Science, INFORMS, vol. 52(8), pages 1145-1154, August.
    3. GianCarlo Moschini, 2008. "Biotechnology and the Development of Food Markets: Retrospect and Prospects," Center for Agricultural and Rural Development (CARD) Publications 08-wp477, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    4. Charles Sims & David Finnoff, 2016. "Opposing Irreversibilities and Tipping Point Uncertainty," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(4), pages 985-1022.
    5. Tiffany Shih & Brian Wright, 2011. "Agricultural Innovation," NBER Chapters, in: Accelerating Energy Innovation: Insights from Multiple Sectors, pages 49-85, National Bureau of Economic Research, Inc.
    6. Tania Bouglet & Thomas Lanzi & Jean-Christophe Vergnaud, 2006. "Incertitude scientifique et décision publique: le recours au Principe de Précaution," Post-Print halshs-00150931, HAL.
    7. Noemi Pace & Giuseppe Attanasi & Christian Gollier & Aldo Montesano, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," Working Papers 2012_23, Department of Economics, University of Venice "Ca' Foscari".
    8. Sheldon, Ian M. & Josling, Timothy E., 2002. "Biotechnology Regulations And The Wto," Working Papers 14594, International Agricultural Trade Research Consortium.
    9. Lawrence Summers & Richard Zeckhauser, 2008. "Policymaking for posterity," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 115-140, December.
    10. Harrell Chesson & W. Viscusi, 2003. "Commonalities in Time and Ambiguity Aversion for Long-Term Risks ," Theory and Decision, Springer, vol. 54(1), pages 57-71, February.
    11. Jeffrey A. Frankel, 2003. "The Environment and Globalization," NBER Working Papers 10090, National Bureau of Economic Research, Inc.
    12. Sheldon Ian, 2004. "Europe's Regulation of Agricultural Biotechnology: Precaution or Trade Distortion?," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 2(2), pages 1-28, May.
    13. Henckens, M.L.C.M. & Ryngaert, C.M.J. & Driessen, P.P.J. & Worrell, E., 2018. "Normative principles and the sustainable use of geologically scarce mineral resources," Resources Policy, Elsevier, vol. 59(C), pages 351-359.
    14. Venturini, Luciano, 2003. "The Food System In Transition: An E.U. Perspective," Working Papers 14362, University of Minnesota, Center for International Food and Agricultural Policy.
    15. Chenet, Hugues & Ryan-Collins, Josh & van Lerven, Frank, 2021. "Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy," Ecological Economics, Elsevier, vol. 183(C).
    16. Felix FitzRoy & Ian Smith, 2004. "Welfare, Growth and Environment: A Sceptical Review of the Skeptical Environmentalist by B. Lomborg," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(5), pages 707-717, November.
    17. Pauline Barrieu & Bernard Sinclair-Desgagné, 2003. "The Paradox of Precaution," CIRANO Working Papers 2003s-63, CIRANO.
    18. Caroline Orset Orset, 2014. "Innovation and The Precautionary Principle," Post-Print hal-01500845, HAL.
    19. Kirsten Halsnæs & Morten Andreas Dahl Larsen & Per Skougaard Kaspersen, 2018. "Climate change risks for severe storms in developing countries in the context of poverty and inequality in Cambodia," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 94(1), pages 261-278, October.
    20. Randall, Alan, 2009. "We Already Have Risk Management - Do We Really Need the Precautionary Principle?," International Review of Environmental and Resource Economics, now publishers, vol. 3(1), pages 39-74, August.
    21. Laure Cabantous & Denis Hilton, 2006. "De l'aversion à l'ambiguïté aux attitudes face à l'ambiguïté. Les apports d'une perspective psychologique en économie," Revue économique, Presses de Sciences-Po, vol. 57(2), pages 259-280.
    22. Mariam Raheem & Ain ul Momina, 2021. "Do Underlying Risk Preferences explain Individuals’ Cognitive Ability? Evidence from a Sample of Pakistani Students," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 26(1), pages 85-122, Jan-June.
    23. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.

  71. Christian Gollier, 2001. "Wealth Inequality and Asset Pricing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(1), pages 181-203.
    See citations under working paper version above.
  72. Eeckhoudt, Louis & Godfroid, Philippe & Gollier, Christian, 2001. "Multiple risks and the value of information," Economics Letters, Elsevier, vol. 73(3), pages 359-365, December.

    Cited by:

    1. Berg, Nathan, 2008. "Imitation in location choice," MPRA Paper 26592, University Library of Munich, Germany.

  73. Christian Gollier & Jean-Guy Devezeaux de Lavergne, 2001. "Analyse quantitative de la réversibilité du stockage des déchets nucléaires : valorisation des déchets," Économie et Prévision, Programme National Persée, vol. 149(3), pages 1-13.

    Cited by:

    1. Alain Ayong Le Kama & Mouez Fodha, 2009. "Stockage des déchets radioactifs et incertitude," Economie & Prévision, La Documentation Française, vol. 0(4), pages 39-52.
    2. Veronique Thireau, 2014. "Quel traitement des déchets par l'analyse économique ?," Post-Print hal-01221380, HAL.
    3. Christian Gollier, 2005. "Quel taux d actualisation pour quel avenir ?," Revue Française d'Économie, Programme National Persée, vol. 19(4), pages 59-81.

  74. Gollier, Christian & Jullien, Bruno & Treich, Nicolas, 2000. "Scientific progress and irreversibility: an economic interpretation of the 'Precautionary Principle'," Journal of Public Economics, Elsevier, vol. 75(2), pages 229-253, February.
    See citations under working paper version above.
  75. de Aghion, Beatriz Armendariz & Gollier, Christian, 2000. "Peer Group Formation in an Adverse Selection Model," Economic Journal, Royal Economic Society, vol. 110(465), pages 632-643, July.

    Cited by:

    1. Cécile Aubert & Elisabeth Sadoulet & Alain de Janvry, 2009. "Designing Credit Agent Incentives to Prevent Mission Drift in Pro-Poor Microfinance Institutions," Post-Print hal-00382221, HAL.
    2. Bourjade, Sylvain & Schindele, Ibolya, 2011. "Group lending with endogenous group size," MPRA Paper 34817, University Library of Munich, Germany.
    3. Valentina Hartarska & Steven B. Caudill & Daniel M. Gropper, 2006. "The Cost Structure Of Microfinance Institutions In Eastern Europe And Central Asia," William Davidson Institute Working Papers Series wp809, William Davidson Institute at the University of Michigan.
    4. Laffont, Jean-Jacques, 2003. "Collusion and group lending with adverse selection," Journal of Development Economics, Elsevier, vol. 70(2), pages 329-348, April.
    5. Jeon, Doh-Shin & Menicucci, Domenico, 2011. "When is the optimal lending contract in microfinance state non-contingent?," European Economic Review, Elsevier, vol. 55(5), pages 720-731, June.
    6. Yitbarek Kiros, 2023. "Loan repayment performance and its determinants: evidence from micro and small enterprises operating in Dire-Dawa, Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-9, December.
    7. Chowdhury, Shyamal & Chowdhury, Prabal Roy & Sengupta, Kunal, 2014. "Sequential lending with dynamic joint liability in micro-finance," Journal of Development Economics, Elsevier, vol. 111(C), pages 167-180.
    8. Francesco Reito & Salvatore Spagano, 2017. "Joint liability taxation and group auditing," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 34(2), pages 305-327, August.
    9. Bhole, Bharat & Ogden, Sean, 2010. "Group lending and individual lending with strategic default," Journal of Development Economics, Elsevier, vol. 91(2), pages 348-363, March.
    10. Sirong Luo & Radha Mookerjee & Dengpan Liu, 2021. "The Effects of Auction‐based Pricing Mechanisms and Social Characteristics on Microloan Performance," Production and Operations Management, Production and Operations Management Society, vol. 30(2), pages 311-329, February.
    11. Rahimi, Lutfi, 2015. "Does microfinance elevate poverty? Does family size matter in the provision of microcredit? Evidence from a randomised evaluation," MPRA Paper 73906, University Library of Munich, Germany.
    12. Tutlani, Ankur, 2016. "Borrowers’ Participation in Group Borrowing," MPRA Paper 69506, University Library of Munich, Germany.
    13. Simon Cornée & David Masclet, 2013. "Long-Term Relationships, Group lending and Peer Sanctioning in Microfinance: New Experimental Evidence," Working Papers CEB 13-026, ULB -- Universite Libre de Bruxelles.
    14. Christian Ahlin, 2010. "Matching for Credit: Risk and Diversification in Thai Microcredit Groups," Working Papers id:2588, eSocialSciences.
    15. Ashok S. Rai & Tomas Sjostrom, 2001. "Is Grameen Lending Efficient?," CID Working Papers 40A, Center for International Development at Harvard University.
    16. Seth Carpenter & Loic Sadoulet, 2000. "Risk-Matching in Credit Groups: Evidence from Guatemala," Econometric Society World Congress 2000 Contributed Papers 1310, Econometric Society.
    17. Wendy Janssens & Berber Kramer, 2012. "The Social Dilemma of Microinsurance: A Framed Field Experiment on Free-Riding and Coordination," Tinbergen Institute Discussion Papers 12-145/V, Tinbergen Institute, revised 23 Jan 2014.
    18. Gangopadhyay, Shubhashis & Lensink, Robert, 2014. "Asymmetric group loans, non-assortative matching and adverse selection," Economics Letters, Elsevier, vol. 124(2), pages 185-187.
    19. ZOUARI, Zeineb & NABI, Mahmoud Sami, 2013. "Enhancing the Enforceability of Islamic Microfinance Contracts in OIC countries," MPRA Paper 49816, University Library of Munich, Germany.
    20. Bond, Philip & Rai, Ashok S., 2008. "Cosigned vs. group loans," Journal of Development Economics, Elsevier, vol. 85(1-2), pages 58-80, February.
    21. Gine, Xavier & Karlan, Dean S., 2009. "Group versus Individual Liability: Long Term Evidence from Philippine Microcredit Lending Groups," Center Discussion Papers 50951, Yale University, Economic Growth Center.
    22. Ahlin, Christian, 2015. "The role of group size in group lending," Journal of Development Economics, Elsevier, vol. 115(C), pages 140-155.
    23. Li Gan & Manuel A. Hernandez & Yanyan Liu, 2018. "Group Lending With Heterogeneous Types," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 895-913, April.
    24. Alessandra Cassar & Lucas Crowley & Bruce Wydick, 2005. "The effect of social capital on group loan repayment: Evidence from artefactual field experiments," Artefactual Field Experiments 00036, The Field Experiments Website.
    25. Tutlani, Ankur, 2016. "Effective Cost of Borrowing from Microfinance Institutions," MPRA Paper 69502, University Library of Munich, Germany.
    26. Amani Gration Tegambwage & Pendo Shukrani Kasoga, 2022. "Loan repayment among group borrowers in Tanzania: the role of relationship quality," Future Business Journal, Springer, vol. 8(1), pages 1-11, December.
    27. van Rijn, Jordan, 2018. "The Effect of Membership Expansion on Credit Union Risk and Returns," Staff Paper Series 588, University of Wisconsin, Agricultural and Applied Economics.
    28. Becchetti, Leonardo, 2011. "Voting with the Wallet," AICCON Working Papers 94-2011, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    29. Lucia Dalla Pellegrina & Angela De Michele & Giorgio Di Maio & Paolo Landoni & Susanna Parravicini, 2021. "Group Meeting Frequency and Borrowers’ Repayment Performance in Microfinance: Evidence from a Quasi-natural Experiment in South Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 30(5), pages 447-477.
    30. Rai, Ashok S. & Klonner, Stefan, 2007. "Cosigners Help," Proceedings of the German Development Economics Conference, Göttingen 2007 18, Verein für Socialpolitik, Research Committee Development Economics.
    31. Sefa Awaworyi Churchill, 2017. "Microfinance and Ethnic Diversity," The Economic Record, The Economic Society of Australia, vol. 93(300), pages 112-141, March.
    32. Fischer, Gregory, 2013. "Contract structure, risk sharing and investment choice," LSE Research Online Documents on Economics 46796, London School of Economics and Political Science, LSE Library.
    33. Dezső, Linda & Loewenstein, George, 2012. "Lenders’ blind trust and borrowers’ blind spots: A descriptive investigation of personal loans," Journal of Economic Psychology, Elsevier, vol. 33(5), pages 996-1011.
    34. Guush Berhane & Cornelis Gardebroek & Henk A. J. Moll, 2009. "Risk‐matching behavior in microcredit group formation: evidence from northern Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 40(4), pages 409-419, July.
    35. Karlan, Dean S., 2005. "Social Connections and Group Banking," Center Discussion Papers 28522, Yale University, Economic Growth Center.
    36. Kurzweil, Marianne, 2002. "The Need for a "Complete" Labor Market in CGE Modeling," Conference papers 331028, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    37. Giovanni Busetta & Alberto Zazzaro, 2009. "Mutual Loan-Guarantee Societies in Monopolistic Credit Markets with Adverse Selection," Mo.Fi.R. Working Papers 33, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    38. Caserta, Maurizio & Monteleone, Simona & Reito, Francesco, 2018. "The trade-off between profitability and outreach in microfinance," Economic Modelling, Elsevier, vol. 72(C), pages 31-41.
    39. Anurag Priyadarshee & Asad K. Ghalib, 2011. "The Andhra Pradesh microfinance crisis in India: manifestation, causal analysis, and regulatory response," Global Development Institute Working Paper Series 15711, GDI, The University of Manchester.
    40. Das Chaudhury, Ratul & Bhattacharya, Sukanta, 2023. "When to seek expert advice? A simple model of borrowers with limited liability," Mathematical Social Sciences, Elsevier, vol. 125(C), pages 113-120.
    41. Timothy N. Cason & Lata Gangadharan & Pushkar Maitra, 2008. "Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment," Purdue University Economics Working Papers 1208, Purdue University, Department of Economics.
    42. Aga, B.K. & Tesfay, G.B., 2018. "How Should Rural Financial Cooperatives Be Best Organized? Evidence from Ethiopia," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277735, International Association of Agricultural Economists.
    43. Gine, Xavier & Karlan, Dean S., 2006. "Group versus Individual Liability: A Field Experiment in the Philippines," Center Discussion Papers 28413, Yale University, Economic Growth Center.
    44. Kibrom A. ABAY & Bethelhem KORU & Gashaw Tadesse ABATE & Guush BERHANE, 2019. "How Should Rural Financial Cooperatives Be Best Organized? Evidence From Ethiopia," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(1), pages 187-215, March.
    45. Cesaroni, Giovanni & Messori, Marcello, 2006. "Financial constraints and unemployment equilibrium," Research in Economics, Elsevier, vol. 60(3), pages 131-147, September.
    46. Renaud Bourlès & Dominique Henriet, 2008. "Mutual Insurance With Asymmetric Information: The Case Of Adverse Selection," Working Papers halshs-00278178, HAL.
    47. Simtowe, Franklin & Zeller, Manfred, 2006. "Determinants of Moral Hazard in Microfinance: Empirical Evidence from Joint Liability Lending Programs in Malawi," MPRA Paper 461, University Library of Munich, Germany.
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    237. Tetyana Balyuk, 2023. "FinTech Lending and Bank Credit Access for Consumers," Management Science, INFORMS, vol. 69(1), pages 555-575, January.
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    244. Daniel Gomes Fernandes, 2022. "Business Cycle Accounting for the COVID-19 Recession," Notas Económicas, Faculty of Economics, University of Coimbra, issue 55, pages 47-66, December.
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    248. Francisco-Javier Canto-Cuevas & María-José Palacín-Sánchez & Filippo Di Pietro, 2019. "Trade Credit as a Sustainable Resource during an SME’s Life Cycle," Sustainability, MDPI, vol. 11(3), pages 1-16, January.
    249. Jagriti Srivastava & Balagopal Gopalakrishnan, 2021. "In-kind financing during a pandemic: Trade credit and COVID-19," Working papers 473, Indian Institute of Management Kozhikode.
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    257. Wei Yang & Haiyang Li & Gaowen Kong & Dongmin Kong, 2021. "Access to finance and SMEs’ trade credit: evidence from a regression discontinuity design," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 2997-3029, June.
    258. Heikki Peura & S. Alex Yang & Guoming Lai, 2017. "Trade Credit in Competition: A Horizontal Benefit," Manufacturing & Service Operations Management, INFORMS, vol. 19(2), pages 263-289, May.
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    261. Doan, Ngoc Thang & Vu, Thi Kim Chi & Nguyen, Thi Cam Thuy & Nguyen, Thi Hong Hai & Nguyen, Kieu Trang, 2020. "Cash-in-advance, export decision and financial constraints: Evidence from cross-country firm-level data," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 75-92.
    262. Bougheas, Spiros & Mateut, Simona & Mizen, Paul, 2009. "Corporate trade credit and inventories: New evidence of a trade-off from accounts payable and receivable," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 300-307, February.
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    264. Abdulla, Yomna & Dang, Viet Anh & Khurshed, Arif, 2017. "Stock market listing and the use of trade credit: Evidence from public and private firms," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 391-410.
    265. Chen, Xiangfeng, 2015. "A model of trade credit in a capital-constrained distribution channel," International Journal of Production Economics, Elsevier, vol. 159(C), pages 347-357.
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    267. Nitin Kumar & Arvind Shrivastava & Purnendu Kumar & M. Ishaq Bhatti, 2021. "An Analysis of Trade Credit Behaviour of Indian Firms," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 22(1), pages 132-154, March.
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    273. Pedro J. García†Teruel & Pedro Martínez†Solano, 2010. "A Dynamic Approach to Accounts Receivable: a Study of Spanish SMEs," European Financial Management, European Financial Management Association, vol. 16(3), pages 400-421, June.
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    276. Gajewski, Krzysztof & Pawłowska, Małgorzata & Rogowski, Wojciech, 2012. "Relacje firm z bankami w Polsce w świetle danych ze sprawozdawczości bankowej [Bank-firm relationships in Poland in the light of data from bank reporting]," MPRA Paper 42544, University Library of Munich, Germany, revised 29 Oct 2012.
    277. Lee, Chang Hwan & Rhee, Byong-Duk, 2011. "Trade credit for supply chain coordination," European Journal of Operational Research, Elsevier, vol. 214(1), pages 136-146, October.
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    280. Jean Dermine, 2013. "Bank Regulations after the Global Financial Crisis: Good Intentions and Unintended Evil," European Financial Management, European Financial Management Association, vol. 19(4), pages 658-674, September.

  78. Christian Gollier, 1997. "A Note on Portfolio Dominance," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(1), pages 147-150.

    Cited by:

    1. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    2. Elyès Jouini & Clotilde Napp & Diego Nocetti, 2013. "Collective risk aversion," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(2), pages 411-437, February.
    3. Gollier, C. & Kimball, M.S., 1996. "New Methods in the Classical Economics of Uncertainty: Comparing Risks," Papers 96.412, Toulouse - GREMAQ.
    4. Elyès Jouini & Clotilde Napp, 2009. "Cognitive biases and the representative agent," Working Papers halshs-00488570, HAL.
    5. Diego Nocetti & Elyès Jouini & Clotilde Napp, 2008. "Properties of the Social Discount Rate in a Benthamite Framework with Heterogeneous Degrees of Impatience," Management Science, INFORMS, vol. 54(10), pages 1822-1826, October.
    6. Chuang, O-Chia & Kuan, Chung-Ming & Tzeng, Larry Y., 2017. "Testing for central dominance: Method and application," Journal of Econometrics, Elsevier, vol. 196(2), pages 368-378.
    7. Elyès Jouini & Clotilde Napp, 2008. "On Abel's Concept of Doubt and Pessimism," Post-Print halshs-00176611, HAL.
    8. Inmaculada Rodríguez-Puerta & Alberto A. Álvarez-López, 2022. "A model for the optimal selection of lenders," Annals of Operations Research, Springer, vol. 313(2), pages 1269-1284, June.
    9. Elyès Jouini & Clotilde Napp, 2012. "Behavioral biases and representative agent," Post-Print halshs-00550229, HAL.

  79. Thierry Schneider & Caroline Schieber & Louis Eeckhoudt & Christian Gollier, 1997. "Economics of Radiation Protection: Equity Considerations," Theory and Decision, Springer, vol. 43(3), pages 241-251, November.

    Cited by:

    1. Louberge, Henri & Villeneuve, Stephane & Chesney, Marc, 2002. "Long-term risk management of nuclear waste: a real options approach," Journal of Economic Dynamics and Control, Elsevier, vol. 27(1), pages 157-180, November.

  80. Gollier, Christian, 1997. "On the Inefficiency of Bang-Bang and Stop-Loss Portfolio Strategies," Journal of Risk and Uncertainty, Springer, vol. 14(2), pages 143-154, March.

    Cited by:

    1. Andrew Clare & James Seaton & Peter N Smith & Stephen Thomas, 2013. "Breaking into the blackbox: Trend following, stop losses and the frequency of trading – The case of the S&P500," Journal of Asset Management, Palgrave Macmillan, vol. 14(3), pages 182-194, June.
    2. Daniel W. Richards & Janette Rutterford & Devendra Kodwani & Mark Fenton-O'Creevy, 2017. "Stock market investors' use of stop losses and the disposition effect," The European Journal of Finance, Taylor & Francis Journals, vol. 23(2), pages 130-152, January.
    3. Yang, Chunpeng & Zhang, Zhanpei, 2021. "Realization utility with stop-loss strategy," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 261-275.
    4. Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.

  81. Eeckhoudt, Louis & Gollier, Christian & Schlesinger, Harris, 1997. "The no-loss offset provision and the attitude towards risk of a risk-neutral firm," Journal of Public Economics, Elsevier, vol. 65(2), pages 207-217, August.
    See citations under working paper version above.
  82. Eeckhoudt, L. & Godfroid, Ph. & Gollier, C., 1997. "Willingness to pay, the risk premium and risk aversion," Economics Letters, Elsevier, vol. 55(3), pages 355-360, September.

    Cited by:

    1. Linguère M'BAYE & Jean-Louis ARCAND, 2013. "Braving the waves: the role of time and risk preferences in illegal migration from Senegal," Working Papers 201316, CERDI.
    2. Marielle Brunette & Laure Cabantous & Stéphane Couture & Anne Stenger, 2013. "The impact of governmental assistance on insurance demand under ambiguity: a theoretical model and an experimental test," Theory and Decision, Springer, vol. 75(2), pages 153-174, August.
    3. Elisa Pagani, 2015. "Certainty Equivalent: Many Meanings of a Mean," Working Papers 24/2015, University of Verona, Department of Economics.
    4. Jean-Louis Arcand & Linguère M'Baye, 2011. "Braving the waves: The economics of clandestine migration from Africa," Working Papers halshs-00575606, HAL.
    5. Louis Eeckhoudt & Philippe Godfroid, 1998. "The market value of preventive activities: A contingent-claims approach," Journal of Economics, Springer, vol. 68(1), pages 27-38, February.
    6. Eric Langlais, 2005. "Willingness to Pay for Risk Reduction and Risk Aversion without the Expected Utility Assumption," Theory and Decision, Springer, vol. 59(1), pages 43-50, August.
    7. Neji Saidi, 2022. "Willingness to pay, surplus and Insurance policy under dual theory," Papers 2204.04794, arXiv.org.
    8. Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
    9. Christophe Courbage & Béatrice Rey, 2008. "On the willingness to pay to reduce risks of small losses," Journal of Economics, Springer, vol. 95(1), pages 75-82, October.
    10. Christophe Courbage & Béatrice Rey, 2006. "Prudence and optimal prevention for health risks," Health Economics, John Wiley & Sons, Ltd., vol. 15(12), pages 1323-1327, December.
    11. David BARDEY, 2004. "A paradoxical risk aversion effect on the consumers’ demand for quality," Discussion Papers (REL - Recherches Economiques de Louvain) 2004015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

  83. Christian Gollier, 1997. "About the Insurability of Catastrophic Risks*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 22(2), pages 177-186, April.

    Cited by:

    1. Faure, Michael & Fenn, Paul, 1999. "Retroactive liability and the insurability of long-tail risks," International Review of Law and Economics, Elsevier, vol. 19(4), pages 487-500, December.
    2. W. Kip Viscusi & Patricia Born, 2006. "The Catastrophic Effects of Natural Disasters on Insurance Markets," NBER Working Papers 12348, National Bureau of Economic Research, Inc.
    3. Franz Sinabell & Thomas Url, 2006. "Versicherungen als effizientes Mittel zur Risikotragung von Naturgefahren," WIFO Studies, WIFO, number 28181, February.
    4. Amanda Savitt, 2017. "Insurance as a tool for hazard risk management? An evaluation of the literature," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 86(2), pages 583-599, March.
    5. Helmut Gründl & Danjela Guxha & Anastasia Kartasheva & Hato Schmeiser, 2021. "Insurability of pandemic risks," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(4), pages 863-902, December.

  84. Gollier, Christian & Schlesinger, Harris, 1996. "Portfolio choice under noisy asset returns," Economics Letters, Elsevier, vol. 53(1), pages 47-51, October.

    Cited by:

    1. Grande, Giuseppe & Ventura, Luigi, 2002. "Labor income and risky assets under market incompleteness: Evidence from Italian data," Journal of Banking & Finance, Elsevier, vol. 26(2-3), pages 597-620, March.
    2. Masamitsu Ohnishi & Yusuke Osaki, 2004. "The Comparative Statics of Equilibrium Derivative Prices," Discussion Papers in Economics and Business 04-19, Osaka University, Graduate School of Economics.

  85. Gollier, Christian, 1996. "Decreasing absolute prudence: Characterization and applications to second-best risk sharing," European Economic Review, Elsevier, vol. 40(9), pages 1799-1815, December.

    Cited by:

    1. Wang, Jianli & Li, Jingyuan, 2014. "Decreasing Ross risk aversion: Higher-order generalizations and implications," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 136-142.
    2. Dionne, Georges & Li, Jingyuan, 2011. "The impact of prudence on optimal prevention revisited," Economics Letters, Elsevier, vol. 113(2), pages 147-149.
    3. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    4. Mickael Beaud & Marc Willinger, 2015. "Are People Risk Vulnerable?," Management Science, INFORMS, vol. 61(3), pages 624-636, March.
    5. Christophe Courbage & Béatrice Rey, 2020. "On temperance and risk spreading," Theory and Decision, Springer, vol. 88(4), pages 527-539, May.
    6. Heinrich, Timo & Mayrhofer, Thomas, 2014. "Higher-order Risk Preferences in Social Settings - An Experimental Analysis," Ruhr Economic Papers 508, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    7. Christophe Courbage & Béatrice Rey, 2018. "On temperance and risks spreading," Working Papers halshs-01935866, HAL.
    8. Christophe Courbage & Béatrice Rey, 2018. "On temperance and risks spreading," Working Papers 1828, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    9. Potì, Valerio & Pattitoni, Pierpaolo & Petracci, Barbara, 2020. "Precautionary motives for private firms’ cash holdings," International Review of Economics & Finance, Elsevier, vol. 68(C), pages 150-166.

  86. Christian Gollier, 1996. "Repeated Optional Gambles and Risk Aversion," Management Science, INFORMS, vol. 42(11), pages 1524-1530, November.

    Cited by:

    1. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    2. Shlomo Benartzi & Richard H. Thaler, 1999. "Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments," Management Science, INFORMS, vol. 45(3), pages 364-381, March.
    3. Xiaosheng Mu & Luciano Pomatto & Philipp Strack & Omer Tamuz, 2021. "From Blackwell Dominance in Large Samples to Rényi Divergences and Back Again," Econometrica, Econometric Society, vol. 89(1), pages 475-506, January.
    4. Stefan Thurner & Rudolf Hanel & Stefan Pichler, 2003. "Risk trading, network topology and banking regulation," Quantitative Finance, Taylor & Francis Journals, vol. 3(4), pages 306-319.
    5. Gollier, C. & Lindsey, J. & Zeckhauser, R., 1996. "Investment Flexibility and the Acceptance of Risk," Papers 96.421, Toulouse - GREMAQ.
    6. Aloysius, John A., 2005. "Ambiguity aversion and the equity premium puzzle: A re-examination of experimental data on repeated gambles," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(5), pages 635-655, October.
    7. Langer, Thomas & Weber, Martin, 1999. "Prospect-Theory, Mental Accounting and Differences in Aggregated and Segregated Evaluation of Lottery Portfolios," Sonderforschungsbereich 504 Publications 99-64, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    8. Aloysius, John A., 2003. "Rational escalation of costs by playing a sequence of unfavorable gambles: the martingale," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 111-129, May.

  87. Gollier, Christian & Pratt, John W, 1996. "Risk Vulnerability and the Tempering Effect of Background Risk," Econometrica, Econometric Society, vol. 64(5), pages 1109-1123, September.

    Cited by:

    1. Caballe, J & Pomansky, A, 1996. "Complete Monotonicity, Background Risk, and Risk Aversion," UFAE and IAE Working Papers 357.96, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Mario Menegatti, 2009. "Optimal saving in the presence of two risks," Journal of Economics, Springer, vol. 96(3), pages 277-288, April.
    3. Courbage, Christophe & Rey, Béatrice, 2012. "Optimal prevention and other risks in a two-period model," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 213-217.
    4. Moawia Alghalith, 2011. "Adding one risk to another: generalizing the unavoidable (background) risk," Revista de Economía del Rosario, Universidad del Rosario, June.
    5. Yichun Chi & Zuo Quan Xu & Sheng Chao Zhuang, 2022. "Distributionally Robust Goal-Reaching Optimization in the Presence of Background Risk," North American Actuarial Journal, Taylor & Francis Journals, vol. 26(3), pages 351-382, August.
    6. Annette Vissing-Jorgensen, 2002. "Towards an Explanation of Household Portfolio Choice Heterogeneity: Nonfinancial Income and Participation Cost Structures," NBER Working Papers 8884, National Bureau of Economic Research, Inc.
    7. Harenberg, Daniel & Ludwig, Alexander, 2017. "Idiosyncratic risk, aggregate risk, and the welfare effects of social security," SAFE Working Paper Series 59, Leibniz Institute for Financial Research SAFE, revised 2017.
    8. Constantinos Antoniou & Glenn Harrison & Morten Lau & Daniel Read, 2015. "Subjective Bayesian beliefs," Journal of Risk and Uncertainty, Springer, vol. 50(1), pages 35-54, February.
    9. Dachraoui, Kais & Dionne, Georges & Eeckhoudt, Louis & Godfroid, Philippe, 2004. "Comparative mixed risk aversion: Definition and application to self-protection and willingness to pay," Working Papers 03-2, HEC Montreal, Canada Research Chair in Risk Management.
    10. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    11. Jens J. Krüger, 2021. "Nonparametric portfolio efficiency measurement with higher moments," Empirical Economics, Springer, vol. 61(3), pages 1435-1459, September.
    12. Guo, Xu & Wong, Wing-Keung & Zhu, Lixing, 2013. "Two-moment decision model for location-scale family with background asset," MPRA Paper 43864, University Library of Munich, Germany.
    13. Anne LAVIGNE, 2006. "Gouvernance et investissement des fonds de pension privés aux Etats-Unis," LEO Working Papers / DR LEO 690, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    14. Desu Liu & Mario Menegatti, 2019. "Optimal saving and health prevention," Journal of Economics, Springer, vol. 128(2), pages 177-191, October.
    15. Wunsch, Conny & Strobl, Renate, 2018. "Identification of Causal Mechanisms Based on Between-Subject Double Randomization Designs," IZA Discussion Papers 11626, Institute of Labor Economics (IZA).
    16. Daniel Harenberg & Alexander Ludwig, "undated". "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk," Working Papers ETH-RC-14-002, ETH Zurich, Chair of Systems Design.
    17. Cairns, Andrew J.G. & Blake, David & Dowd, Kevin, 2006. "Stochastic lifestyling: Optimal dynamic asset allocation for defined contribution pension plans," Journal of Economic Dynamics and Control, Elsevier, vol. 30(5), pages 843-877, May.
    18. Santos, Tano & Veronesi, Pietro, 2022. "Leverage," Journal of Financial Economics, Elsevier, vol. 145(2), pages 362-386.
    19. Michel Denuit & Louis Eeckhoudt & Béatrice Rey, 2010. "Some consequences of correlation aversion in decision science," Annals of Operations Research, Springer, vol. 176(1), pages 259-269, April.
    20. Henry Chiu, W., 2020. "Financial risk taking in the presence of correlated non-financial background risk," Journal of Mathematical Economics, Elsevier, vol. 88(C), pages 167-179.
    21. Cary Deck & Harris Schlesinger, 2008. "Exploring Higher-Order Risk Effects," CESifo Working Paper Series 2487, CESifo.
    22. Arnaud Reynaud & Cécile Aubert, 2020. "Does flood experience modify risk preferences? Evidence from an artefactual field experiment in Vietnam," Post-Print hal-03050685, HAL.
    23. Angrisani, Marco & Atella, Vincenzo & Brunetti, Marianna, 2018. "Public health insurance and household portfolio Choices: Unravelling financial “Side Effects” of Medicare," Journal of Banking & Finance, Elsevier, vol. 93(C), pages 198-212.
    24. Thomas Eichner & Andreas Wagener, 2002. "Increases in Risk and the Welfare State," CESifo Working Paper Series 685, CESifo.
    25. Krüger, Jens, 2021. "Nonparametric Portfolio Efficiency Measurement with Higher Moments," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 130825, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    26. Attema, Arthur E. & l’Haridon, Olivier & van de Kuilen, Gijs, 2019. "Measuring multivariate risk preferences in the health domain," Journal of Health Economics, Elsevier, vol. 64(C), pages 15-24.
    27. Pindyck, Robert S. & Martin, Ian, 2015. "Averting Catastrophes: The Strange Economics of Scylla and Charybdis," CEPR Discussion Papers 10730, C.E.P.R. Discussion Papers.
    28. Asplund, Marcus, 2002. "Risk-averse firms in oligopoly," International Journal of Industrial Organization, Elsevier, vol. 20(7), pages 995-1012, September.
    29. Wang, Jianli & Li, Jingyuan, 2014. "Decreasing Ross risk aversion: Higher-order generalizations and implications," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 136-142.
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    312. Bruno Jullien & Georges Dionne & Bernard Caillaud, 2000. "Corporate insurance with optimal financial contracting," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 16(1), pages 77-105.
    313. Brandtner, Mario & Kürsten, Wolfgang & Rischau, Robert, 2018. "Entropic risk measures and their comparative statics in portfolio selection: Coherence vs. convexity," European Journal of Operational Research, Elsevier, vol. 264(2), pages 707-716.
    314. Ramírez, H & Serrano, R, 2023. "Optimal investment with insurable background risk and nonlinear portfolio allocation frictions," Documentos de Trabajo 20658, Universidad del Rosario.
    315. Denuit, Michel M., 2018. "Risk apportionment and multiply monotone targets," Mathematical Social Sciences, Elsevier, vol. 92(C), pages 74-77.
    316. Donald Keenan & Donald Rudow & Arthur Snow, 2008. "Risk preferences and changes in background risk," Journal of Risk and Uncertainty, Springer, vol. 36(2), pages 139-152, April.
    317. Atwood, Joseph A. & Buschena, David E., 2003. "Evaluating the magnitudes of financial transactions costs on risk behavior," Agricultural Systems, Elsevier, vol. 75(2-3), pages 235-249.
    318. Michael F. Pesko, 2018. "The Impact Of Perceived Background Risk On Behavioral Health: Evidence From Hurricane Katrina," Economic Inquiry, Western Economic Association International, vol. 56(4), pages 2099-2115, October.
    319. Mark Browne & Verena Jaeger & Petra Steinorth, 2019. "The impact of economic conditions on individual and managerial risk taking," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 44(1), pages 27-53, March.
    320. Kettlewell, Nathan & Rijsdijk, Fruhling & Siribaddana, Sisira & Sumathipala, Athula & Tymula, Agnieszka & Zavos, Helena & Glozier, Nicholas, 2018. "Civil War, Natural Disaster and Risk Preferences: Evidence from Sri Lankan Twins," IZA Discussion Papers 11901, Institute of Labor Economics (IZA).
    321. Christophe Courbage, 2014. "Saving motives and multivariate precautionary premia," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 37(2), pages 385-391, October.
    322. Gelles, Gregory M. & Mitchell, Douglas W., 2002. "Increasingly mean-seeking utility functions and n-asset portfolios," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(5), pages 911-919.
    323. Baptista, Alexandre M., 2008. "Optimal delegated portfolio management with background risk," Journal of Banking & Finance, Elsevier, vol. 32(6), pages 977-985, June.
    324. Guo, Xu & Wong, Wing-Keung & Zhu, Lixing, 2013. "An analysis of portfolio selection with multiplicative background risk," MPRA Paper 51331, University Library of Munich, Germany.
    325. Brandtner, Mario, 2018. "Expected Shortfall, spectral risk measures, and the aggravating effect of background risk, or: risk vulnerability and the problem of subadditivity," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 138-149.
    326. Patrick Michael Bernet, 2004. "The Influence of Prescription Drug Use on Long‐Term Care Insurance Ownership," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 7(2), pages 107-120, September.

  88. Dionne, Georges & Gollier, Christian, 1996. "A Model of Comparative Statics for Changes in Stochastic Returns with Dependent Risky Assets," Journal of Risk and Uncertainty, Springer, vol. 13(2), pages 147-162, September.
    See citations under working paper version above.
  89. Eeckhoudt, Louis & Gollier, Christian & Schlesinger, Harris, 1996. "Changes in Background Risk and Risk-Taking Behavior," Econometrica, Econometric Society, vol. 64(3), pages 683-689, May.
    See citations under working paper version above.
  90. Gollier, Christian, 1996. "Deductible insurance and production: A comment," Insurance: Mathematics and Economics, Elsevier, vol. 19(1), pages 55-59, December.

    Cited by:

    1. Wenli Wang & Qinhong Zhang, 2021. "Financing the newsvendor: raising the loan limit by insurance contract," Operational Research, Springer, vol. 21(4), pages 2907-2932, December.
    2. Raja Chakir & Julien Hardelin, 2010. "Crop Insurance and Pesticides in French agriculture: an empirical analysis of multiple risks management," Working Papers hal-00753733, HAL.
    3. Hau, Arthur, 2006. "Production under uncertainty with insurance or hedging," Insurance: Mathematics and Economics, Elsevier, vol. 38(2), pages 347-359, April.
    4. Wong, Kit Pong, 2002. "Production decisions in the presence of options: A note," International Review of Economics & Finance, Elsevier, vol. 11(1), pages 17-25, April.

  91. Christian Gollier, 1996. "Vers une théorie économique des limites de l'assurabilité," Revue d'Économie Financière, Programme National Persée, vol. 37(2), pages 59-79.

    Cited by:

    1. Véronique Le Bihan & Sophie Pardo, 2010. "Les limites de la couverture des risques en aquaculture : le cas des conchyliculteurs en France," Working Papers hal-00527115, HAL.

  92. Gollier, Christian & Schlesinger, Harris, 1996. "Arrow's Theorem on the Optimality of Deductibles: A Stochastic Dominance Approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 359-363, February.

    Cited by:

    1. Zuo Quan Xu, 2018. "Pareto optimal moral-hazard-free insurance contracts in behavioral finance framework," Papers 1803.02546, arXiv.org, revised Aug 2021.
    2. James A. Ligon & Paul D. Thistle, 2008. "Adverse Selection With Frequency and Severity Risk: Alternative Risk‐Sharing Provisions," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 825-846, December.
    3. DREZE, Jacques H. & SCHOKKAERT, Erik, 2013. "Arrow's theorem of the deductible: moral hazard and stop-loss in health insurance," LIDAM Reprints CORE 2522, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Xu Zuo Quan & Zhou Xun Yu & Zhuang Sheng Chao, 2015. "Optimal Insurance with Rank-Dependent Utility and Increasing Indemnities," Papers 1509.04839, arXiv.org.
    5. Franke, Günter & Herrmann, Markus & Weber, Thomas, 2007. "Information asymmetries and securitization design," CoFE Discussion Papers 07/10, University of Konstanz, Center of Finance and Econometrics (CoFE).
    6. Amarante, Massimiliano & Ghossoub, Mario & Phelps, Edmund, 2015. "Ambiguity on the insurer’s side: The demand for insurance," Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 61-78.
    7. Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," TSE Working Papers 12-303, Toulouse School of Economics (TSE), revised Jan 2013.
    8. Cohen Alma, 2006. "The Disadvantages of Aggregate Deductibles," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-28, April.
    9. Cheung, K.C. & Chong, W.F. & Yam, S.C.P., 2015. "Convex ordering for insurance preferences," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 409-416.
    10. Mario Brandtner, 2016. "Spektrale Risikomaße: Konzeption, betriebswirtschaftliche Anwendungen und Fallstricke," Management Review Quarterly, Springer, vol. 66(2), pages 75-115, April.
    11. Dana, R. A., 2004. "Market behavior when preferences are generated by second-order stochastic dominance," Journal of Mathematical Economics, Elsevier, vol. 40(6), pages 619-639, September.
    12. Drèze, Jacques H. & Pestieau, Pierre & Schokkaert, Erik, 2016. "Arrow’s theorem of the deductible and long-term care insurance," Economics Letters, Elsevier, vol. 148(C), pages 103-105.
    13. Eric Langlais, 2008. "On insurance contract design for low probability events," EconomiX Working Papers 2008-33, University of Paris Nanterre, EconomiX.
    14. Chi, Yichun, 2018. "Insurance choice under third degree stochastic dominance," Insurance: Mathematics and Economics, Elsevier, vol. 83(C), pages 198-205.
    15. Brandtner, Mario & Kürsten, Wolfgang, 2014. "Solvency II, regulatory capital, and optimal reinsurance: How good are Conditional Value-at-Risk and spectral risk measures?," Insurance: Mathematics and Economics, Elsevier, vol. 59(C), pages 156-167.
    16. Guillaume Carlier & Rose-Anne Dana, 2003. "Pareto efficient insurance contracts when the insurer's cost function is discontinuous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(4), pages 871-893, June.
    17. Glenn W. Harrison & Jia Min Ng, 2019. "Behavioral insurance and economic theory: A literature review," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(2), pages 133-182, July.
    18. Donald Meyer & Jack Meyer, 2010. "Excluded losses and the demand for insurance," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 1-18, August.
    19. Malamud, Semyon & Rui, Huaxia & Whinston, Andrew, 2016. "Optimal reinsurance with multiple tranches," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 71-82.
    20. M. Mercè Claramunt & Maite Mármol & Xavier Varea, 2023. "Facing a Risk: To Insure or Not to Insure—An Analysis with the Constant Relative Risk Aversion Utility Function," Mathematics, MDPI, vol. 11(5), pages 1-13, February.
    21. Johanna Etner & Sandrine Spaeter, 2010. "The impact of ambiguity on health prevention and insurance," Working Papers of BETA 2010-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    22. Li, Yongwu & Xu, Zuo Quan, 2017. "Optimal insurance design with a bonus," Insurance: Mathematics and Economics, Elsevier, vol. 77(C), pages 111-118.
    23. Carole Bernard & Weidong Tian, 2009. "Optimal Reinsurance Arrangements Under Tail Risk Measures," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(3), pages 709-725, September.
    24. M Mercè Claramunt & Maite Mármol, 2021. "Is a Refundable Deductible Insurance an advantage for the insured? a mathematical approach," PLOS ONE, Public Library of Science, vol. 16(2), pages 1-22, February.
    25. Christopher Gaffney & Adi Ben-Israel, 2016. "A simple insurance model: optimal coverage and deductible," Annals of Operations Research, Springer, vol. 237(1), pages 263-279, February.
    26. Mario Ghossoub, 2016. "Optimal Insurance with Heterogeneous Beliefs and Disagreement about Zero-Probability Events," Risks, MDPI, vol. 4(3), pages 1-28, August.
    27. Wang, Qiuqi & Wang, Ruodu & Zitikis, Ričardas, 2022. "Risk measures induced by efficient insurance contracts," Insurance: Mathematics and Economics, Elsevier, vol. 103(C), pages 56-65.
    28. Glenn W. Harrison & Jia Min Ng, 2018. "Welfare effects of insurance contract non-performance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 39-76, May.
    29. Lu, Zhiyi & Meng, Shengwang & Liu, Leping & Han, Ziqi, 2018. "Optimal insurance design under background risk with dependence," Insurance: Mathematics and Economics, Elsevier, vol. 80(C), pages 15-28.
    30. Christopher Gaffney & Adi Ben-Israel, 2016. "A simple insurance model: optimal coverage and deductible," Annals of Operations Research, Springer, vol. 237(1), pages 263-279, February.
    31. Ghossoub, Mario, 2019. "Optimal insurance under rank-dependent expected utility," Insurance: Mathematics and Economics, Elsevier, vol. 87(C), pages 51-66.
    32. Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004. "Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00212281, HAL.
    33. Michael Breuer, 2004. "Optimal Insurance Contracts without the Non-Negativity Constraint on Indemnities Revisited," SOI - Working Papers 0406, Socioeconomic Institute - University of Zurich.
    34. J. David Cummins & Olivier Mahul, 2004. "The Demand for Insurance With an Upper Limit on Coverage," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 71(2), pages 253-264, June.
    35. Richard Watt & Francisco Vázquez & Ignacio Moreno, 2001. "An Experiment on Rational Insurance Decisions," Theory and Decision, Springer, vol. 51(2), pages 247-296, December.
    36. Michael Breuer, 2005. "Multiple Losses, EX ANTE Moral Hazard, and the Implications for Umbrella Policies," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(4), pages 525-538, December.
    37. Carole Bernard & Shaolin Ji & Weidong Tian, 2013. "An optimal insurance design problem under Knightian uncertainty," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 36(2), pages 99-124, November.
    38. Chi, Yichun & Liu, Fangda, 2017. "Optimal insurance design in the presence of exclusion clauses," Insurance: Mathematics and Economics, Elsevier, vol. 76(C), pages 185-195.
    39. Alexis Louaas & Pierre Picard, 2019. "Optimal nuclear liability insurance," Working Papers hal-01996648, HAL.
    40. Franke, Günter, 2004. "Transformation nicht-gehandelter in handelbare Kreditrisiken," CoFE Discussion Papers 04/08, University of Konstanz, Center of Finance and Econometrics (CoFE).
    41. Michael Merz & Mario V. Wüthrich, 2014. "Demand of Insurance under the Cost-of-Capital Premium Calculation Principle," Risks, MDPI, vol. 2(2), pages 1-23, June.

  93. Eeckhoudt, Louis & Gollier, Christian & Schneider, Thierry, 1995. "Risk-aversion, prudence and temperance: A unified approach," Economics Letters, Elsevier, vol. 48(3-4), pages 331-336, June.
    See citations under working paper version above.
  94. Gollier Christian, 1995. "The Comparative Statics of Changes in Risk Revisited," Journal of Economic Theory, Elsevier, vol. 66(2), pages 522-535, August.

    Cited by:

    1. Christian Gollier & Alexander Muermann, 2010. "Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment," Management Science, INFORMS, vol. 56(8), pages 1272-1284, August.
    2. Snow, Arthur, 2003. "Substitution and income effects for increases in risk," Economics Letters, Elsevier, vol. 79(3), pages 313-317, June.
    3. Louis Eeckhoudt & Liqun Liu & Jack Meyer, 2017. "Restricted increases in risk aversion and their application," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 161-181, June.
    4. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    5. Dong, Xueqi & Liu, Shuo Li, 2021. "Proportional Tax under Ambiguity," MPRA Paper 107668, University Library of Munich, Germany.
    6. Ai, Jing & Zhao, Lin & Zhu, Wei, 2018. "Portfolio choice in personal equilibrium," Economics Letters, Elsevier, vol. 170(C), pages 163-167.
    7. Gollier, Christian, 2004. "Optimal Positive Thinking and Decisions under Risk," IDEI Working Papers 268, Institut d'Économie Industrielle (IDEI), Toulouse.
    8. GOLLIER Christian & MUERMANN Alexander, 2006. "Optimal choice and beliefs with ex ante savoring ex post disappointment," LERNA Working Papers 06.18.211, LERNA, University of Toulouse.
    9. Alexis Louaas & Pierre Picard, 2020. "Optimal insurance coverage of low-probability catastrophic risks," Working Papers hal-02875534, HAL.
    10. Eeckhoudt, Louis, 2001. "Espérance d’utilité et nouveaux modèles de choix dans le risque : une connivence cachée," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(4), pages 499-516, décembre.
    11. Saak, Alexander & Hennessy, David A., 2001. "Well-behaved cash flows," Economics Letters, Elsevier, vol. 73(1), pages 81-88, October.
    12. Masamitsu Ohnishi & Yusuke Osaki, 2004. "The Comparative Statics of Equilibrium Derivative Prices," Discussion Papers in Economics and Business 04-19, Osaka University, Graduate School of Economics.
    13. Hau, Arthur, 2010. "Comparative statics of changes in risk on monotonically and partially responsive kinked payoffs," European Journal of Operational Research, Elsevier, vol. 201(1), pages 267-276, February.
    14. Franke, Günter, 2004. "Präferenzfreie Strategien zum Absichern von Wechselkursrisiken," CoFE Discussion Papers 04/07, University of Konstanz, Center of Finance and Econometrics (CoFE).
    15. Gollier, C. & Kimball, M.S., 1996. "New Methods in the Classical Economics of Uncertainty: Comparing Risks," Papers 96.412, Toulouse - GREMAQ.
    16. Grant, S. & Kajii, A. & Polak, B., 1999. "Third Down with a Yard to Go: The Dixit-Skeath Conundrum on Equilibria in Competitive Games," Papers 375, Australian National University - Department of Economics.
    17. Athey, Susan, 2002. "Monotone Comparative Statics Under Uncertainty," Scholarly Articles 3372263, Harvard University Department of Economics.
    18. Chabi-Yo, Fousseni & Leisen, Dietmar P.J. & Renault, Eric, 2014. "Aggregation of preferences for skewed asset returns," Journal of Economic Theory, Elsevier, vol. 154(C), pages 453-489.
    19. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    20. Tzeng, Larry Y. & Wang, Jen-Hung, 2004. "Increase in risk and saving behavior," Journal of Economics and Business, Elsevier, vol. 56(5), pages 405-414.
    21. Orazio P. Attanasio & Guglielmo Weber, 2010. "Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy," NBER Working Papers 15756, National Bureau of Economic Research, Inc.
    22. Gollier, Christian, 2009. "Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion," TSE Working Papers 09-068, Toulouse School of Economics (TSE).
    23. Sarris, Alexander, 2002. "The demand for commodity insurance by developing country agricultural producers - theory and an application to cocoa in Ghana," Policy Research Working Paper Series 2887, The World Bank.
    24. Gollier, Christian, 2016. "Aversion to risk of regret and preference for positively skewed risks," TSE Working Papers 16-646, Toulouse School of Economics (TSE), revised Sep 2016.
    25. Alain Chateauneuf & Ghizlane Lakhnati, 2005. "Increases in risk and demand for risky asset," Cahiers de la Maison des Sciences Economiques b05033, Université Panthéon-Sorbonne (Paris 1).
    26. Gollier, Christian, 2005. "Optimal Illusions and Decisions under Risk," IDEI Working Papers 340, Institut d'Économie Industrielle (IDEI), Toulouse.
    27. Broll, Udo & Eckwert, Bernhard & Eickhoff, Andreas, 2012. "Financial intermediation and endogenous risk in the banking sector," Economic Modelling, Elsevier, vol. 29(5), pages 1618-1622.
    28. Hau, Arthur, 2006. "Production under uncertainty with insurance or hedging," Insurance: Mathematics and Economics, Elsevier, vol. 38(2), pages 347-359, April.
    29. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.
    30. Cherbonnier, Frédéric & Gollier, Christian, 2015. "Decreasing aversion under ambiguity," Journal of Economic Theory, Elsevier, vol. 157(C), pages 606-623.
    31. Takashi Nishiwaki, 2021. "Does Ambiguity Generate Demand for Options?," Working Papers 2102, Waseda University, Faculty of Political Science and Economics.
    32. Erin Baker, 2009. "Optimal Policy under Uncertainty and Learning about Climate Change: A Stochastic Dominance Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(5), pages 721-747, October.
    33. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
    34. Chuang, O-Chia & Kuan, Chung-Ming & Tzeng, Larry Y., 2017. "Testing for central dominance: Method and application," Journal of Econometrics, Elsevier, vol. 196(2), pages 368-378.
    35. Elyès Jouini & Clotilde Napp, 2008. "On Abel's Concept of Doubt and Pessimism," Post-Print halshs-00176611, HAL.
    36. Christian Gollier & Pierre-François Koehl & Jean-Charles Rochet, 1996. "Risk-Taking Behavior with Limited Liability and Risk Aversion," Center for Financial Institutions Working Papers 96-13, Wharton School Center for Financial Institutions, University of Pennsylvania.
    37. Gollier, Christian, 2003. "Who Should we Believe? Collective Risk-Taking Decisions with Heterogeneous Beliefs," IDEI Working Papers 201, Institut d'Économie Industrielle (IDEI), Toulouse.
    38. Jean-Paul Chavas, 2012. "On learning and the economics of firm efficiency: a state-contingent approach," Journal of Productivity Analysis, Springer, vol. 38(1), pages 53-62, August.
    39. Eeckhoudt, L. & Gollier, C. & Schlesinger, H., 1996. "The No Loss Offset Provision and the Attitude Towards Risk of a Risk-Neutral Firm," Papers 96.409, Toulouse - GREMAQ.
    40. Jokung, Octave, 2013. "Monotonicity of asset price toward higher changes in risk," Economics Letters, Elsevier, vol. 118(1), pages 195-198.
    41. Christian Gollier, 2003. "Collective Risk-Taking Decisions with Heterogeneous Beliefs," CESifo Working Paper Series 909, CESifo.
    42. Eeckhoudt, Louis R. & Laeven, Roger J.A. & Schlesinger, Harris, 2020. "Risk apportionment: The dual story," Journal of Economic Theory, Elsevier, vol. 185(C).
    43. Alain Chateauneuf & Ghizlane Lakhnati, 2015. "Increases in risk and demand for a risky asset," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01161663, HAL.
    44. Trino-Manuel Niguez & Ivan Paya & David Peel & Javier Perote, 2013. "Higher-order moments in the theory of diversification and portfolio composition," Working Papers 18297128, Lancaster University Management School, Economics Department.
    45. Inmaculada Rodríguez-Puerta & Alberto A. Álvarez-López, 2022. "A model for the optimal selection of lenders," Annals of Operations Research, Springer, vol. 313(2), pages 1269-1284, June.
    46. Burton Hollifield & Alan Kraus, "undated". "Defining bad news: Changes in return distribution that decrease risky asset demand," GSIA Working Papers 2007-E32, Carnegie Mellon University, Tepper School of Business.
    47. Baker, Erin & Adu-Bonnah, Kwame, 2008. "Investment in risky R&D programs in the face of climate uncertainty," Energy Economics, Elsevier, vol. 30(2), pages 465-486, March.
    48. Suyeol Ryu & Iltae Kim & Soo-Jong Kim, 2010. "Comparative Statics under Uncertainty with the Monotone Probability Ratio Order Revisited," Korean Economic Review, Korean Economic Association, vol. 26, pages 203-222.
    49. Gollier, Christian, 1996. "Deductible insurance and production: A comment," Insurance: Mathematics and Economics, Elsevier, vol. 19(1), pages 55-59, December.
    50. Octave Jokung & Sovan Mitra, 2019. "Asset Prices and Changes in Risk within a Bivariate Model," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 26(1), pages 47-60, March.
    51. Gollier, Christian & Schlesinger, Harris, 1996. "Portfolio choice under noisy asset returns," Economics Letters, Elsevier, vol. 53(1), pages 47-51, October.
    52. Gollier, Christian, 2007. "Understanding Saving and Portfolio Choices with Predictable Changes in Assets Returns," IDEI Working Papers 430, Institut d'Économie Industrielle (IDEI), Toulouse.
    53. Grant, Simon & Kajii, Atsushi & Polak, Ben, 2001. ""Third down with a yard to go": recursive expected utility and the Dixit-Skeath conundrum," Economics Letters, Elsevier, vol. 73(3), pages 275-286, December.
    54. Gollier, Christian, 2018. "Stochastic volatility implies fourth-degree risk dominance: Applications to asset pricing," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 155-171.
    55. Gollier, Christian, 2007. "Optimal expectations with complete markets," IDEI Working Papers 463, Institut d'Économie Industrielle (IDEI), Toulouse.
    56. Broll, Udo & Eckwert, Bernhard & Eickhoff, Andreas, 2011. "Transparency in the banking sector," Dresden Discussion Paper Series in Economics 05/11, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    57. Christian Gollier, 2014. "Discounting and Growth," American Economic Review, American Economic Association, vol. 104(5), pages 534-537, May.
    58. Christian Gollier, 2007. "Whom should we believe? Aggregation of heterogeneous beliefs," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 107-127, October.
    59. Minh Hai Ngo & Marc Oliver Rieger & Shuonan Yuan, 2018. "The Fundamental Equity Premium and Ambiguity Aversion in an International Context," Risks, MDPI, vol. 6(4), pages 1-24, November.
    60. Masamitsu Ohnishi & Yusuke Osaki, 2005. "The Monotonicity of Asset Prices with Changes in Risk," Discussion Papers in Economics and Business 05-14, Osaka University, Graduate School of Economics.
    61. Choi, Gyemyung & Kim, Iltae & Snow, Arthur, 2000. "Comparative statics predictions for the cross-effects of central dominance changes in risk with quasilinear payoffs," Economics Letters, Elsevier, vol. 66(1), pages 41-48, January.
    62. Iltae Kim & Suyeol Ryu, 2006. "The Comparative Statics for Linear Payoffs and Increases in Risk," Korean Economic Review, Korean Economic Association, vol. 22, pages 437-459.
    63. Gollier, Christian & Pierre-Francois KOEHL & Jean-Charles ROCHET, 1993. "Risk-Taking Behaviour With Expected Utility and Limited Liability: Applications to the Regulation of Financial Intermediaries," Working Papers 016, Risk and Insurance Archive.
    64. Ormiston, Michael B. & E. Schlee, Edward, 1999. "Comparative statics tests between decision models under risk," Journal of Mathematical Economics, Elsevier, vol. 32(2), pages 145-166, October.
    65. Gollier, Christian, 2016. "Explaining rank-dependent utility with regret and rejoicing," IDEI Working Papers 863, Institut d'Économie Industrielle (IDEI), Toulouse.

  95. Eeckhoudt, Louis & Gollier, Christian, 1995. "Demand for Risky Assets and the Monotone Probability Ratio Order," Journal of Risk and Uncertainty, Springer, vol. 11(2), pages 113-122, September.

    Cited by:

    1. Zi, Yuan & Bernard, Andrew, 2022. "Sparse Production Networks," CEPR Discussion Papers 17667, C.E.P.R. Discussion Papers.
    2. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    3. Nocetti, Diego C., 2013. "The LeChatelier principle for changes in risk," Journal of Mathematical Economics, Elsevier, vol. 49(6), pages 460-466.
    4. Sergi Basco & Martí Mestieri, 2019. "The world income distribution: the effects of international unbundling of production," Journal of Economic Growth, Springer, vol. 24(2), pages 189-221, June.
    5. Wagner, Peter, 2015. "Who goes first? Strategic Delay and Learning by Waiting," Discussion Papers in Economics 24764, University of Munich, Department of Economics.
    6. Gollier, Christian, 2004. "Optimal Positive Thinking and Decisions under Risk," IDEI Working Papers 268, Institut d'Économie Industrielle (IDEI), Toulouse.
    7. Cantillon, Estelle & Arozamena, Leandro, 2001. "Investment Incentives in Procurement Auctions," CEPR Discussion Papers 2676, C.E.P.R. Discussion Papers.
    8. Eeckhoudt, Louis, 2001. "Espérance d’utilité et nouveaux modèles de choix dans le risque : une connivence cachée," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(4), pages 499-516, décembre.
    9. Masamitsu Ohnishi & Yusuke Osaki, 2004. "The Comparative Statics of Equilibrium Derivative Prices," Discussion Papers in Economics and Business 04-19, Osaka University, Graduate School of Economics.
    10. Athey, Susan, 2002. "Monotone Comparative Statics Under Uncertainty," Scholarly Articles 3372263, Harvard University Department of Economics.
    11. Hippolyte d’Albis & Emmanuel Thibault, 2018. "Ambiguous life expectancy and the demand for annuities," Theory and Decision, Springer, vol. 85(3), pages 303-319, October.
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    116. Eskandarzadeh, Saman & Eshghi, Kourosh & Bahramgiri, Mohsen, 2016. "Risk shaping in production planning problem with pricing under random yield," European Journal of Operational Research, Elsevier, vol. 253(1), pages 108-120.
    117. Vipin, B. & Amit, R.K., 2017. "Loss aversion and rationality in the newsvendor problem under recourse option," European Journal of Operational Research, Elsevier, vol. 261(2), pages 563-571.
    118. Dai, Jiansheng & Meng, Weidong, 2015. "A risk-averse newsvendor model under marketing-dependency and price-dependency," International Journal of Production Economics, Elsevier, vol. 160(C), pages 220-229.
    119. Gerchak, Yigal & Wang, Shaun, 1997. "Liquid asset allocation using "newsvendor" models with convex shortage costs," Insurance: Mathematics and Economics, Elsevier, vol. 20(1), pages 17-21, June.
    120. Choi, Tsan-Ming & Zhang, Ting, 2023. "Will being an angel bring more harm than good? Altruistic newsvendors with different risk attitudes," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1153-1165.
    121. Dai, Yue & Chao, Xiuli, 2016. "Price delegation and salesforce contract design with asymmetric risk aversion coefficient of sales agents," International Journal of Production Economics, Elsevier, vol. 172(C), pages 31-42.
    122. Wang, Charles X. & Webster, Scott & Suresh, Nallan C., 2009. "Would a risk-averse newsvendor order less at a higher selling price?," European Journal of Operational Research, Elsevier, vol. 196(2), pages 544-553, July.
    123. Liu, Congzheng & Letchford, Adam N. & Svetunkov, Ivan, 2022. "Newsvendor problems: An integrated method for estimation and optimisation," European Journal of Operational Research, Elsevier, vol. 300(2), pages 590-601.
    124. Özler, Aysun & Tan, BarIs & Karaesmen, Fikri, 2009. "Multi-product newsvendor problem with value-at-risk considerations," International Journal of Production Economics, Elsevier, vol. 117(2), pages 244-255, February.
    125. He, Haonan & Wang, Shanyong, 2019. "Cost-benefit associations in consumer inventory problem with uncertain benefit," Journal of Retailing and Consumer Services, Elsevier, vol. 51(C), pages 271-284.
    126. Ankush Agarwal & Matthew Lorig, 2019. "The implied Sharpe ratio," Papers 1908.04837, arXiv.org.
    127. Sen Lin & Bo Li & Antonio Arreola-Risa & Yiwei Huang, 2023. "Optimizing a single-product production-inventory system under constant absolute risk aversion," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 31(3), pages 510-537, October.
    128. Villa, Sebastián & Castañeda, Jaime Andrés, 2018. "Transshipments in supply chains: A behavioral investigation," European Journal of Operational Research, Elsevier, vol. 269(2), pages 715-729.
    129. Schosser, Josef, 2019. "Consistency between principal and agent with differing time horizons: Computing incentives under risk," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1113-1123.
    130. Xia Yan & Shaofu Du & Li Hu, 2020. "Supply chain performance for a risk inequity averse newsvendor," Annals of Operations Research, Springer, vol. 290(1), pages 897-921, July.
    131. Tapiero, Charles S., 2008. "Orders and inventory commodities with price and demand uncertainty in complete markets," International Journal of Production Economics, Elsevier, vol. 115(1), pages 12-18, September.
    132. Wu, Chengfeng & Liu, Xin & Li, Annan, 2021. "A loss-averse retailer–supplier supply chain model under trade credit in a supplier-Stackelberg game," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 182(C), pages 353-365.
    133. Chahar, Kiran & Taaffe, Kevin, 2009. "Risk averse demand selection with all-or-nothing orders," Omega, Elsevier, vol. 37(5), pages 996-1006, October.
    134. Burak Kazaz & Scott Webster, 2011. "The Impact of Yield-Dependent Trading Costs on Pricing and Production Planning Under Supply Uncertainty," Manufacturing & Service Operations Management, INFORMS, vol. 13(3), pages 404-417, July.
    135. Jammernegg, Werner & Kischka, Peter, 2013. "Risk preferences of a newsvendor with service and loss constraints," International Journal of Production Economics, Elsevier, vol. 143(2), pages 410-415.
    136. Lømo, Teis Lunde, 2015. "Risk sharing mitigates opportunism in vertical contracting," Working Papers in Economics 10/15, University of Bergen, Department of Economics.
    137. Yuri Levin & Jeff McGill & Mikhail Nediak, 2008. "Risk in Revenue Management and Dynamic Pricing," Operations Research, INFORMS, vol. 56(2), pages 326-343, April.
    138. Serrano, Alejandro & Oliva, Rogelio & Kraiselburd, Santiago, 2017. "On the cost of capital in inventory models with deterministic demand," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 14-20.
    139. Gneiting, Tilmann, 2011. "Quantiles as optimal point forecasts," International Journal of Forecasting, Elsevier, vol. 27(2), pages 197-207, April.
    140. Castañeda, Jaime Andrés & Brennan, Mark & Goentzel, Jarrod, 2019. "A behavioral investigation of supply chain contracts for a newsvendor problem in a developing economy," International Journal of Production Economics, Elsevier, vol. 210(C), pages 72-83.
    141. Schmitt, Amanda J. & Sun, Siyuan Anthony & Snyder, Lawrence V. & Shen, Zuo-Jun Max, 2015. "Centralization versus decentralization: Risk pooling, risk diversification, and supply chain disruptions," Omega, Elsevier, vol. 52(C), pages 201-212.
    142. Poormoaied, Saeed & Atan, Zümbül, 2020. "A multi-attribute utility theory approach to ordering policy for perishable items," International Journal of Production Economics, Elsevier, vol. 225(C).
    143. Zhou, Yong-Wu & Li, Jicai & Zhong, Yuanguang, 2018. "Cooperative advertising and ordering policies in a two-echelon supply chain with risk-averse agents," Omega, Elsevier, vol. 75(C), pages 97-117.
    144. Xu, Minghui & Lu, Ye, 2013. "The effect of supply uncertainty in price-setting newsvendor models," European Journal of Operational Research, Elsevier, vol. 227(3), pages 423-433.
    145. Choi, Tsan-Ming & Li, Duan & Yan, Houmin, 2008. "Mean-variance analysis of a single supplier and retailer supply chain under a returns policy," European Journal of Operational Research, Elsevier, vol. 184(1), pages 356-376, January.
    146. Kogan, Konstantin & Lou, Sheldon, 2003. "Multi-stage newsboy problem: A dynamic model," European Journal of Operational Research, Elsevier, vol. 149(2), pages 448-458, September.
    147. Seifert, Ralf W. & Thonemann, Ulrich W. & Hausman, Warren H., 2004. "Optimal procurement strategies for online spot markets," European Journal of Operational Research, Elsevier, vol. 152(3), pages 781-799, February.
    148. Youkyung Won, 2016. "Dominance Relationship Among the Retailer’s Strategies Under the Semi-Stackelberg Newsvendor Situation with Quantity Discounts," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 33(02), pages 1-20, April.
    149. Wu, Meng & Zhu, Stuart X. & Teunter, Ruud H., 2013. "Newsvendor problem with random shortage cost under a risk criterion," International Journal of Production Economics, Elsevier, vol. 145(2), pages 790-798.
    150. Lucy Gongtao Chen & Daniel Zhuoyu Long & Georgia Perakis, 2015. "The Impact of a Target on Newsvendor Decisions," Manufacturing & Service Operations Management, INFORMS, vol. 17(1), pages 78-86, February.
    151. Andrew Butters, R., 2019. "On demand uncertainty in the newsvendor model," Economics Letters, Elsevier, vol. 185(C).
    152. Gerchak, Yigal & Hassini, Elkafi & Ray, Saibal, 2002. "Capacity selection under uncertainty with ratio objectives," European Journal of Operational Research, Elsevier, vol. 143(1), pages 138-147, November.
    153. Ahmed, Shabbir & Cakmak, Ulas & Shapiro, Alexander, 2007. "Coherent risk measures in inventory problems," European Journal of Operational Research, Elsevier, vol. 182(1), pages 226-238, October.
    154. Shen, Houcai & Pang, Zhan & Cheng, T.C.E., 2011. "The component procurement problem for the loss-averse manufacturer with spot purchase," International Journal of Production Economics, Elsevier, vol. 132(1), pages 146-153, July.
    155. Castañeda, Jaime Andrés & Gonçalves, Paulo, 2018. "Ordering behavior in a newsstand experiment," International Journal of Production Economics, Elsevier, vol. 197(C), pages 186-196.
    156. Vipin, B. & Amit, R.K., 2019. "Describing decision bias in the newsvendor problem: A prospect theory model," Omega, Elsevier, vol. 82(C), pages 132-141.
    157. Zhou, Yan-ju & Chen, Xiao-hong & Wang, Zong-run, 2008. "Optimal ordering quantities for multi-products with stochastic demand: Return-CVaR model," International Journal of Production Economics, Elsevier, vol. 112(2), pages 782-795, April.
    158. Wu, Jun & Wang, Shouyang & Chao, Xiuli & Ng, C.T. & Cheng, T.C.E., 2010. "Impact of risk aversion on optimal decisions in supply contracts," International Journal of Production Economics, Elsevier, vol. 128(2), pages 569-576, December.
    159. Chen, M. S. & Chuang, C. C., 2000. "An extended newsboy problem with shortage-level constraints," International Journal of Production Economics, Elsevier, vol. 67(3), pages 269-277, October.
    160. Cui, Qinquan & Chiu, Chun-Hung & Dai, Xin & Li, Zhongfei, 2016. "Store brand introduction in a two-echelon logistics system with a risk-averse retailer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 90(C), pages 69-89.

  97. Christian Gollier & Patrick Scarmure, 1994. "The Spillover Effect of Compulsory Insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 19(1), pages 23-34, June.

    Cited by:

    1. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
    2. Courtney B. Baggett & Cassandra R. Cole & George Crowley & E. Tice Sirmans, 2020. "Spillover effects of increased health insurance enrollment on workers’ compensation insurance," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 23(1), pages 53-74, March.
    3. Delpierre, Matthieu & Verheyden, Bertrand & Weynants, Stéphanie, 2016. "Is informal risk-sharing less effective for the poor? Risk externalities and moral hazard in mutual insurance," Journal of Development Economics, Elsevier, vol. 118(C), pages 282-297.

  98. Eeckhoudt, Louis & Gollier, Christian & Levasseur, Michel, 1993. "The Economics of Adding and Subdividing Independent Risks: Some Comparative Statics Results," Journal of Risk and Uncertainty, Springer, vol. 7(3), pages 325-337, December.

    Cited by:

    1. Gollier, Christian, 1994. "Dynamic Risk Taking With Indivisible Risks," Working Papers 013, Risk and Insurance Archive.
    2. Gollier, C. & Lindsey, J. & Zeckhauser, R., 1996. "Investment Flexibility and the Acceptance of Risk," Papers 96.421, Toulouse - GREMAQ.
    3. Gollier, Christian, 1994. "Second-Best Risk Sharing With Incomplete Contracts," Working Papers 015, Risk and Insurance Archive.
    4. Lajeri-Chaherli, Fatma, 2004. "Proper prudence, standard prudence and precautionary vulnerability," Economics Letters, Elsevier, vol. 82(1), pages 29-34, January.
    5. Markus Huggenberger & Peter Albrecht, 2022. "Risk pooling and solvency regulation: A policyholder's perspective," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(4), pages 907-950, December.
    6. Gollier, Christian, 1996. "Decreasing absolute prudence: Characterization and applications to second-best risk sharing," European Economic Review, Elsevier, vol. 40(9), pages 1799-1815, December.

  99. Dionne, Georges & Eeckhoudt, Louis & Gollier, Christian, 1993. "Increases in Risk and Linear Payoffs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(2), pages 309-319, May.

    Cited by:

    1. Louis Eeckhoudt & Liqun Liu & Jack Meyer, 2017. "Restricted increases in risk aversion and their application," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 161-181, June.
    2. Hau, Arthur, 2010. "Comparative statics of changes in risk on monotonically and partially responsive kinked payoffs," European Journal of Operational Research, Elsevier, vol. 201(1), pages 267-276, February.
    3. Gollier, C. & Kimball, M.S., 1996. "New Methods in the Classical Economics of Uncertainty: Comparing Risks," Papers 96.412, Toulouse - GREMAQ.
    4. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    5. Alain Chateauneuf & Ghizlane Lakhnati, 2005. "Increases in risk and demand for risky asset," Cahiers de la Maison des Sciences Economiques b05033, Université Panthéon-Sorbonne (Paris 1).
    6. Mario Menegatti & Richard Peter, 2022. "Changes in Risky Benefits and in Risky Costs: A Question of the Right Order," Management Science, INFORMS, vol. 68(5), pages 3625-3634, May.
    7. Harris Schlesinger & Christian Gollier, 2001. "Changes in Risk and Asset Prices," CESifo Working Paper Series 443, CESifo.
    8. Gollier, Christian, 1993. "Portfolio Dominance, Lower Conditional Expectation And The Monotone Likelihood Ratio Order," Working Papers 014, Risk and Insurance Archive.
    9. EECKHOUDT, Louis & Christian GOLLIER, 1994. "Demand for Risky Assets and Stochastic Dominance: A Note," Working Papers 007, Risk and Insurance Archive.
    10. Christian Gollier & Pierre-François Koehl & Jean-Charles Rochet, 1996. "Risk-Taking Behavior with Limited Liability and Risk Aversion," Center for Financial Institutions Working Papers 96-13, Wharton School Center for Financial Institutions, University of Pennsylvania.
    11. Dennis W. Jansen & Liqun Liu, 2022. "Portfolio choice in the model of expected utility with a safety-first component," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 45(1), pages 187-207, June.
    12. Alain Chateauneuf & Ghizlane Lakhnati, 2015. "Increases in risk and demand for a risky asset," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01161663, HAL.
    13. Thomas Eichner & Andreas Wagener, 2009. "Multiple Risks and Mean-Variance Preferences," Operations Research, INFORMS, vol. 57(5), pages 1142-1154, October.
    14. Burton Hollifield & Alan Kraus, "undated". "Defining bad news: Changes in return distribution that decrease risky asset demand," GSIA Working Papers 2007-E32, Carnegie Mellon University, Tepper School of Business.
    15. Suyeol Ryu & Iltae Kim, 2005. "Portfolio Choice for Increases in Risk and Prudence Revisited," Journal of Economics, Springer, vol. 86(3), pages 293-300, December.
    16. Gollier, Christian & Schlesinger, Harris, 1996. "Portfolio choice under noisy asset returns," Economics Letters, Elsevier, vol. 53(1), pages 47-51, October.
    17. Choi, Gyemyung & Kim, Iltae & Snow, Arthur, 2000. "Comparative statics predictions for the cross-effects of central dominance changes in risk with quasilinear payoffs," Economics Letters, Elsevier, vol. 66(1), pages 41-48, January.
    18. Iltae Kim & Suyeol Ryu, 2006. "The Comparative Statics for Linear Payoffs and Increases in Risk," Korean Economic Review, Korean Economic Association, vol. 22, pages 437-459.
    19. Gollier, Christian & Pierre-Francois KOEHL & Jean-Charles ROCHET, 1993. "Risk-Taking Behaviour With Expected Utility and Limited Liability: Applications to the Regulation of Financial Intermediaries," Working Papers 016, Risk and Insurance Archive.

  100. Dreze, Jacques H. & Gollier, Christian, 1993. "Risk sharing on the labour market and second-best wage rigidities," European Economic Review, Elsevier, vol. 37(8), pages 1457-1482, December.
    See citations under working paper version above.
  101. Dionne, Georges & Eeckhoudt, Louis & Gollier, Christian, 1993. "Relatively weak increases in risk and their comparative statics," Economics Letters, Elsevier, vol. 41(3), pages 269-272.

    Cited by:

    1. Hau, Arthur, 2006. "Production under uncertainty with insurance or hedging," Insurance: Mathematics and Economics, Elsevier, vol. 38(2), pages 347-359, April.
    2. Suyeol Ryu & Iltae Kim, 2005. "Portfolio Choice for Increases in Risk and Prudence Revisited," Journal of Economics, Springer, vol. 86(3), pages 293-300, December.
    3. Trunin, Pavel (Трунин, Павел), 2015. "Analysis of the Level of Development of the Financial System in the Russian Federation [Анализ Уровня Развития Финансовой Системы В Российской Федерации]," Published Papers mn38, Russian Presidential Academy of National Economy and Public Administration.
    4. Gollier, Christian, 1996. "Deductible insurance and production: A comment," Insurance: Mathematics and Economics, Elsevier, vol. 19(1), pages 55-59, December.
    5. Choi, Gyemyung & Kim, Iltae & Snow, Arthur, 2000. "Comparative statics predictions for the cross-effects of central dominance changes in risk with quasilinear payoffs," Economics Letters, Elsevier, vol. 66(1), pages 41-48, January.

  102. Georges Dionne & Christian Gollier, 1992. "Comparative Statics Under Multiple Sources of Risk with Applications to Insurance Demand," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 17(1), pages 21-33, June.
    See citations under working paper version above.
  103. Gollier, Christian, 1991. "Wage Differentials, the Insider-Outsider Dilemma, and Entry-Deterrence," Oxford Economic Papers, Oxford University Press, vol. 43(3), pages 391-408, July.

    Cited by:

    1. Gottfries, N. & Sjostrom, Y., 1998. "Insider Bargaining Power, Starting Wages, and Involuntary Unemployment," Papers 1998-10, Uppsala - Working Paper Series.
    2. Bachmann, Ronald & Bauer, Thomas K. & Kroeger, Hanna, 2012. "Minimum Wages as a Barrier to Entry: Evidence from Germany," IZA Discussion Papers 6484, Institute of Labor Economics (IZA).
    3. Assar Lindbeck & Dennis J. Snower, 2001. "Insiders versus Outsiders," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 165-188, Winter.
    4. Célérier, C., 2010. "Compensation in the Financial Sector: Are all Bankers Superstars?," Working papers 294, Banque de France.
    5. Shingo Ishiguro & Laixun Zhao, 2004. "Raising Wages to Deter Entry under Unionization," Discussion Paper Series 155, Research Institute for Economics & Business Administration, Kobe University.
    6. Shingo Ishiguro & Laixun Zhao, 2009. "Raising Wages To Deter Entry Into Unionized Markets," The Japanese Economic Review, Japanese Economic Association, vol. 60(4), pages 435-445, December.

  104. Eeckhoudt, Louis & Gollier, Christian & Schlesinger, Harris, 1991. "Increases in risk and deductible insurance," Journal of Economic Theory, Elsevier, vol. 55(2), pages 435-440, December.

    Cited by:

    1. DREZE, Jacques H. & SCHOKKAERT, Erik, 2013. "Arrow's theorem of the deductible: moral hazard and stop-loss in health insurance," LIDAM Reprints CORE 2522, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Machnes, Yaffa, 1995. "Deductible insurance and production," Insurance: Mathematics and Economics, Elsevier, vol. 17(2), pages 119-123, October.
    3. Hau, Arthur, 2010. "Comparative statics of changes in risk on monotonically and partially responsive kinked payoffs," European Journal of Operational Research, Elsevier, vol. 201(1), pages 267-276, February.
    4. Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," TSE Working Papers 12-303, Toulouse School of Economics (TSE), revised Jan 2013.
    5. Mario Brandtner, 2016. "Spektrale Risikomaße: Konzeption, betriebswirtschaftliche Anwendungen und Fallstricke," Management Review Quarterly, Springer, vol. 66(2), pages 75-115, April.
    6. Helge Braun & Winfried Koeniger, 2007. "On the role of market insurance in a dynamic model," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(1), pages 61-90, June.
    7. Maurice E. Schweitzer & Gérard P. Cachon, 2000. "Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence," Management Science, INFORMS, vol. 46(3), pages 404-420, March.
    8. Demers, Fanny S. & Demers, Michel, 1994. "Prudence, demand uncertainty background risk and the law of supply : anonexpected utility approach to the firm," CEPREMAP Working Papers (Couverture Orange) 9425, CEPREMAP.
    9. Brandtner, Mario & Kürsten, Wolfgang, 2014. "Decision making with Conditional Value-at-Risk and spectral risk measures: The problem of comparative risk aversion," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100615, Verein für Socialpolitik / German Economic Association.
    10. Donald Meyer & Jack Meyer, 2010. "Excluded losses and the demand for insurance," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 1-18, August.
    11. Malamud, Semyon & Rui, Huaxia & Whinston, Andrew, 2016. "Optimal reinsurance with multiple tranches," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 71-82.
    12. Koeniger, Winfried, 2002. "The Dynamics of Market Insurance, Insurable Assets, and Wealth Accumulation," IZA Discussion Papers 615, Institute of Labor Economics (IZA).
    13. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
    14. Jean-Louis Combes, 1996. "Epargne de précaution et stabilisation optimale des prix des produits agricoles d'exportation," Revue Économique, Programme National Persée, vol. 47(4), pages 983-994.
    15. Karine Darjinoff & Francois Pannequin, 2000. "Demande d'assurance : Faut-il abandonner le critère de l'espérance d'utilité ?," Cahiers de la Maison des Sciences Economiques bla00004, Université Panthéon-Sorbonne (Paris 1).
    16. Mahul, Olivier, 2003. "Hedging With Individual And Index-Based Contracts," 2003 Annual meeting, July 27-30, Montreal, Canada 22007, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. Brandtner, Mario & Kürsten, Wolfgang, 2015. "Decision making with Expected Shortfall and spectral risk measures: The problem of comparative risk aversion," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 268-280.

  105. Christian Gollier, 1991. "Unemployment Insurance: Risk Sharing Versus Efficiency," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 16(1), pages 59-74, June.

    Cited by:

    1. Marc Fleurbaey & Stéphane Zuber, 2016. "Fair management of social risk," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00973480, HAL.
    2. Sajid Mohy Ul Din & Arpah Abu-Bakar & Angappan Regupathi, 2017. "Does insurance promote economic growth: A comparative study of developed and emerging/developing economies," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1390029-139, January.
    3. Gourieroux, C. & Scaillet, O., 1997. "Unemployment insurance and mortgages," Insurance: Mathematics and Economics, Elsevier, vol. 20(3), pages 173-195, October.

Chapters

  1. Falck, Oliver & Gollier, Christian & Wößmann, Ludger, . "Arguments for and against Policies to Promote National Champions," Chapters in Economics,, University of Munich, Department of Economics.

    Cited by:

    1. Mariana Mazzucato & Caetano C.R. Penna, 2014. "Beyond market failures: The market creating and shaping roles of state investment banks," SPRU Working Paper Series 2014-21, SPRU - Science Policy Research Unit, University of Sussex Business School.
    2. Lazzarini, Sérgio G., 2012. "Strategizing by the Government: Industrial Policy and Sustainable Competitive Advantage," Insper Working Papers wpe_289, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
    3. Mariana Mazzucato, 2015. "From Market Fixing to Market-Creating: A New Framework for Economic Policy," SPRU Working Paper Series 2015-25, SPRU - Science Policy Research Unit, University of Sussex Business School.

Books

  1. Christian Gollier (ed.), 2018. "The Economics of Risk and Uncertainty," Books, Edward Elgar Publishing, number 17427.

    Cited by:

    1. Cary Deck & Sebastian Ebert & Andreas Richter, 2018. "Special issue in honor of Harris Schlesinger: New developments in the study of risk preferences," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 1-4, May.
    2. Bar Light & Andres Perlroth, 2019. "The Family of Alpha,[a,b] Stochastic Orders: Risk vs. Expected Value," Papers 1908.06398, arXiv.org, revised Apr 2021.
    3. Gollier, Christian & Kimball, Miles S., 2018. "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"," TSE Working Papers 18-909, Toulouse School of Economics (TSE).
    4. Octave Jokung & Sovan Mitra, 2019. "Asset Prices and Changes in Risk within a Bivariate Model," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 26(1), pages 47-60, March.

  2. Christian Gollier, 2012. "Pricing the Planet's Future: The Economics of Discounting in an Uncertain World," Economics Books, Princeton University Press, edition 1, volume 1, number 9894.

    Cited by:

    1. Nicole El Karoui & Caroline Hillairet & Mohamed Mrad, 2022. "Ramsey rule with forward/backward utility for long-term yield curves modeling," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 45(1), pages 375-414, June.
    2. van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
    3. Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
    4. Simon Dietz & Rick van der Ploeg & Armon Rezai & Frank Venmans, 2020. "Are Economists Getting Climate Dynamics Right and Does It Matter?," CESifo Working Paper Series 8122, CESifo.
    5. Rick Van der Ploeg & Ton S. Van den Bremer, 2018. "The Risk-Adjusted Carbon Price," OxCarre Working Papers 203, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    6. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    7. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    8. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    9. Michael Spackman, 2013. "Government Time Discounting and Required Rates of Return: UK History and Current Issues," Economic Affairs, Wiley Blackwell, vol. 33(2), pages 190-206, June.
    10. Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
    11. Fleurbaey, Marc & Zuber, Stéphane, 2015. "Discounting, beyond utilitarianism," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 9, pages 1-52.
    12. Ravi Bansal & Dana Kiku & Marcelo Ochoa, 2016. "Price of Long-Run Temperature Shifts in Capital Markets," NBER Working Papers 22529, National Bureau of Economic Research, Inc.
    13. Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015. "Genuine Savings And Sustainability," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
    14. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    15. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.
    16. Martin L. Weitzman, 2013. "Tail-Hedge Discounting and the Social Cost of Carbon," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 873-882, September.
    17. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    18. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.
    19. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    20. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
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    22. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    23. Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018. "The climate beta," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 258-274.
    24. Nicholas Stern, 2013. "Ethics, equity and the economics of climate change. Paper 2: Economics and Politics," GRI Working Papers 84b, Grantham Research Institute on Climate Change and the Environment.
    25. Sigit Perdana & Rod Tyers, 2018. "Global climate change mitigation: Strategic incentives," CAMA Working Papers 2018-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
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    27. Ravi Bansal & Marcelo Ochoa & Dana Kiku, 2016. "Climate Change and Growth Risks," NBER Working Papers 23009, National Bureau of Economic Research, Inc.
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    29. Martin Weitzman, 2012. "The Ramsey Discounting Formula for a Hidden-State Stochastic Growth Process," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(3), pages 309-321, November.
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    41. Geoffrey Heal & Antony Millner, 2013. "Uncertainty and decision in climate change economics," GRI Working Papers 108, Grantham Research Institute on Climate Change and the Environment.
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    44. Nesje, Frikk, 2020. "Cross-dynastic Intergenerational Altruism," Working Papers 0678, University of Heidelberg, Department of Economics.
    45. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    46. Christian Gollier, 2012. "Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes," CESifo Working Paper Series 4052, CESifo.
    47. Yongyang Cai, 2020. "The Role of Uncertainty in Controlling Climate Change," Papers 2003.01615, arXiv.org, revised Oct 2020.
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    49. Rick Van der Ploeg, 2013. "Abrupt Positive Feedback and the Social Cost of Carbon," OxCarre Working Papers 122, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    50. Quaas, Martin F. & Bröcker, Johannes, 2016. "Substitutability and the social cost of carbon in a solvable growth model with irreversible climate change," Economics Working Papers 2016-09, Christian-Albrechts-University of Kiel, Department of Economics.
    51. Gollier, Christian, 2015. "Discounting, inequality and economic convergence," Journal of Environmental Economics and Management, Elsevier, vol. 69(C), pages 53-61.
    52. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
    53. Cees Withagen, 2019. "The Social Cost of Carbon and the Ramsey Rule," Working Papers 2019.16, FAERE - French Association of Environmental and Resource Economists.
    54. Freeman, Mark C. & Groom, Ben, 2015. "Positively gamma discounting: combining the opinions of experts on the social discount rate," LSE Research Online Documents on Economics 57158, London School of Economics and Political Science, LSE Library.
    55. Andreas T. Schmidt & Daan Juijn, 2024. "Economic inequality and the long-term future," Politics, Philosophy & Economics, , vol. 23(1), pages 67-99, February.
    56. D. Espinoza & J. Morris & H. Baroud & M. Bisogno & A. Cifuentes & A. Gentzoglanis & L. Luccioni & J. Rojo & F. Vahedifard, 2020. "The role of traditional discounted cash flows in the tragedy of the horizon: another inconvenient truth," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 25(4), pages 643-660, April.
    57. Dietz, Simon & Venmans, Frank, 2019. "The endowment effect, discounting and the environment," LSE Research Online Documents on Economics 100110, London School of Economics and Political Science, LSE Library.
    58. Adler, Matthew D. & Treich, Nicolas, 2017. "Utilitarianism, prioritarianism, and intergenerational equity: A cake eating model," Mathematical Social Sciences, Elsevier, vol. 87(C), pages 94-102.
    59. Marcelo Ochoa & Dana Kiku & Ravi Bansal, 2016. "What Do Capital Markets Tell Us About Climate Change?," 2016 Meeting Papers 542, Society for Economic Dynamics.
    60. Breton, Michèle & Keoula, Michel Yevenunye, 2014. "A great fish war model with asymmetric players," Ecological Economics, Elsevier, vol. 97(C), pages 209-223.
    61. GIULIANO, Genevieve & KNATZ, Geraldine & HUDSON, Nathan & SYS, Christa & VANELSLANDER, Thierry & CARLAN, Valentin, 2016. "Decison-making for maritime innovation investments: The significance of cost benefit and cost effectiveness analysis," Working Papers 2016001, University of Antwerp, Faculty of Business and Economics.
    62. Maureen L. Cropper & Mark C. Freeman & Ben Groom & William A. Pizer, 2014. "Declining Discount Rates," American Economic Review, American Economic Association, vol. 104(5), pages 538-543, May.
    63. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
    64. Mark A. Moore & Anthony E. Boardman & Aidan R. Vining, 2020. "Social Discount Rates for Seventeen Latin American Countries: Theory and Parameter Estimation," Public Finance Review, , vol. 48(1), pages 43-71, January.
    65. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014. "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 145-163.
    66. van der Ploeg, Frederick & De Zeeuw, Aart, 2014. "Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon," CEPR Discussion Papers 9982, C.E.P.R. Discussion Papers.
    67. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    68. Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
    69. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    70. Ottmar Edenhofer & Susanne Kadner & Christoph von Stechow & Gregor Schwerhoff & Gunnar Luderer, 2014. "Linking climate change mitigation research to sustainable development," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 30, pages 476-499, Edward Elgar Publishing.
    71. Gollier, Christian, 2015. "Taux d'actualisation et rémunération du capital," TSE Working Papers 15-589, Toulouse School of Economics (TSE).
    72. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.
    73. Frederick van der Ploeg & Aart de Zeeuw, 2013. "Climate Policy and Catastrophic Change: Be Prepared and Avert Risk," CEEES Paper Series CE3S-02/13, European University at St. Petersburg, Department of Economics.
    74. Groom, Ben & Maddison, David, 2018. "New estimates of the elasticity of marginal utility for the UK," LSE Research Online Documents on Economics 87526, London School of Economics and Political Science, LSE Library.
    75. Da Rocha, José María & García-Cutrín, Javier & Gutiérrez Huerta, María José & Touza, Julia, 2015. "Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    76. Solomon M. Hsiang & Amir S. Jina, 2014. "The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth: Evidence From 6,700 Cyclones," NBER Working Papers 20352, National Bureau of Economic Research, Inc.
    77. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    78. Antony Millner & Geoffrey Heal, 2014. "Resolving Intertemporal Conflicts: Economics vs Politics," NBER Working Papers 20705, National Bureau of Economic Research, Inc.
    79. Stern, Nicholas, 2014. "Ethics, equity and the economics of climate change paper 2: economics and politics," LSE Research Online Documents on Economics 62704, London School of Economics and Political Science, LSE Library.
    80. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    81. Arian Daneshmand & Esfandiar Jahangard & Mahnoush Abdollah-Milani, 2018. "A time preference measure of the social discount rate for Iran," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-10, December.
    82. Frederick Ploeg, 2018. "The safe carbon budget," Climatic Change, Springer, vol. 147(1), pages 47-59, March.
    83. Kitti, Mitri, 2018. "Sustainable social choice under risk," Mathematical Social Sciences, Elsevier, vol. 94(C), pages 19-31.
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    85. Rick Van der Ploeg & Armon Rezai, 2018. "Climate Policy and Stranded Carbon Assets: A Financial Perspective," OxCarre Working Papers 206, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
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  3. Falck, Oliver & Gollier, Christian & Woessmann, Ludger (ed.), 2011. "Industrial Policy for National Champions," MIT Press Books, The MIT Press, edition 1, volume 1, number 026201601x, December.

    Cited by:

    1. Emmanuelle Auriol & Antonio Estache & Liam Wren-Lewis, 2018. "Can Supranational Infrastructure Regulation Compensate for National Institutional Weaknesses?," Revue économique, Presses de Sciences-Po, vol. 69(6), pages 913-936.
    2. Mariana Mazzucato & Caetano C.R. Penna, 2014. "Beyond market failures: The market creating and shaping roles of state investment banks," SPRU Working Paper Series 2014-21, SPRU - Science Policy Research Unit, University of Sussex Business School.
    3. -, 2020. "Building a New Future: Transformative Recovery with Equality and Sustainability," Documentos de posición del período de sesiones de la Comisión 46228, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Vernikov, Andrei, 2012. "«Национальные Чемпионы» В Структуре Российского Рынка Банковских Услуг [National champions and the competitive structure of the Russian banking market]," MPRA Paper 40236, University Library of Munich, Germany.
    5. Lars Mewes & Tom Broekel, 2020. "Subsidized to change? The impact of R&D policy on regional technological diversification," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 65(1), pages 221-252, August.
    6. Tom Broekel & Lars Mewes, 2017. "Analyzing the impact of R&D policy on regional diversification," Papers in Evolutionary Economic Geography (PEEG) 1726, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2017.
    7. Mariana Mazzucato, 2015. "Building the Entrepreneurial State: A New Framework for Envisioning and Evaluating a Mission-oriented Public Sector," Economics Working Paper Archive wp_824, Levy Economics Institute.
    8. Michele Bisceglia & Assunta Gabriella Caputi & Luca Grilli & Vincenzo Pacelli, 2018. "Internal Balance and International Competitiveness: Sports Leagues Decision Models," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(3), pages 567-578, November.
    9. Lazzarini, Sergio G. & Musacchio, Aldo & Bandeira-de-Mello, Rodrigo & Marcon, Rosilene, 2015. "What Do State-Owned Development Banks Do? Evidence from BNDES, 2002–09," World Development, Elsevier, vol. 66(C), pages 237-253.
    10. Mause, Karsten, 2018. "Internationale Konzerne," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 1751-1760.
    11. Lazzarini, Sérgio G., 2012. "Strategizing by the Government: Industrial Policy and Sustainable Competitive Advantage," Insper Working Papers wpe_289, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
    12. -, 2020. "Building a New Future: Transformative Recovery with Equality and Sustainability," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46228 edited by Eclac, March.
    13. Budzinski, Oliver, 2012. "International antitrust institutions," Ilmenau Economics Discussion Papers 72, Ilmenau University of Technology, Institute of Economics.
    14. Núñez Rodríguez, Gaspar & Romero Tellaeche, José Antonio, 2020. "Nationalism and development: an alternative for Mexico," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    15. Daniel Hausknost & Willi Haas, 2019. "The Politics of Selection: Towards a Transformative Model of Environmental Innovation," Sustainability, MDPI, vol. 11(2), pages 1-18, January.
    16. Mariana Mazzucato, 2015. "From Market Fixing to Market-Creating: A New Framework for Economic Policy," SPRU Working Paper Series 2015-25, SPRU - Science Policy Research Unit, University of Sussex Business School.
    17. Benjamin Gough, 2014. "The 'national champion' approach to postal operators: the case of the Netherlands," Chapters, in: Michael A. Crew & Timothy J. J. Brennan (ed.), The Role of the Postal and Delivery Sector in a Digital Age, chapter 12, pages 161-173, Edward Elgar Publishing.
    18. Mause, Karsten, 2018. "Subventionen/Subventionierung," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 1261-1270.

  4. Christian Gollier, 2004. "The Economics of Risk and Time," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262572249, December.

    Cited by:

    1. Antoine Leblois & Philippe Quirion & Agali Alhassane & Seydou Traoré, 2014. "Weather Index Drought Insurance: An Ex Ante Evaluation for Millet Growers in Niger," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(4), pages 527-551, April.
    2. DELPIERRE Matthieu & VERHEYDEN Bertrand, 2014. "Remittances, savings and return migration under uncertainty," LISER Working Paper Series 2014-01, Luxembourg Institute of Socio-Economic Research (LISER).
    3. Marco LiCalzi & Annamaria Sorato, 2003. "The Pearson system of utility functions," Game Theory and Information 0311002, University Library of Munich, Germany.
    4. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    5. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    6. Marcus Hagedorn, 2007. "Optimal Ramsey Tax Cycles," IEW - Working Papers 354, Institute for Empirical Research in Economics - University of Zurich.
    7. Thomas Post & Helmut Gründl & Hato Schmeiser, 2006. "Portfolio management and retirement: what is the best arrangement for a family?," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 20(3), pages 265-285, September.
    8. Moser, Stefan & Mußhoff, Oliver, 2015. "Comparing the use of risk-influencing production inputs and experimentally measured risk attitude: Do decisions of Indonesian small-scale rubber farmers match?," EFForTS Discussion Paper Series 14, University of Goettingen, Collaborative Research Centre 990 "EFForTS, Ecological and Socioeconomic Functions of Tropical Lowland Rainforest Transformation Systems (Sumatra, Indonesia)".
    9. Mohammad M. Khabbazan, 2022. "Cost-Risk Analysis Reconsidered—Value of Information on the Climate Sensitivity in the Integrated Assessment Model PRICE," Energies, MDPI, vol. 15(11), pages 1-17, June.
    10. Bernardo Guimaraes & Stephen Morris, 2003. "Risk and Wealth in a Model of Self-fulfilling Currency Crises," Cowles Foundation Discussion Papers 1433R, Cowles Foundation for Research in Economics, Yale University, revised Oct 2004.
    11. Christian Belzil & Marco Leonardi, 2007. "Can Risk Aversion Explain Schooling Attainments?: evidence from Italy," Post-Print halshs-00201351, HAL.
    12. David Dillenberger, 2008. "Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior," PIER Working Paper Archive 08-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    13. Guiso, Luigi & Jappelli, Tullio & Haliassos, Michael, 2003. "Household Stockholding in Europe: Where Do We Stand, and Where Do We Go?," CEPR Discussion Papers 3694, C.E.P.R. Discussion Papers.
    14. Salvador Cruz Rambaud & Ana María Sánchez Pérez, 2020. "Discounted and Expected Utility from the Probability and Time Trade-Off Model," Mathematics, MDPI, vol. 8(4), pages 1-17, April.
    15. Oriana Bandiera & Luigi Guiso & Andrea Prat & Raffaella Sadun, 2010. "Matching Firms, Managers, and Incentives," Harvard Business School Working Papers 10-073, Harvard Business School, revised Aug 2011.
    16. Michael Haliassos, 2002. "Stockholding: Recent Lessons from Theory and Computations," University of Cyprus Working Papers in Economics 0206, University of Cyprus Department of Economics.
    17. Belzil, Christian & Leonardi, Marco, 2007. "Risk Aversion and Schooling Decisions," IZA Discussion Papers 2994, Institute of Labor Economics (IZA).
    18. Pagel, Michaela & Olafsson, Arna, 2017. "The Ostrich in Us: Selective Attention to Financial Accounts, Income, Spending, and Liquidity," CEPR Discussion Papers 12259, C.E.P.R. Discussion Papers.
    19. Nicolas Bonneton & Christopher Sandmann, 2023. "Non-Stationary Search and Assortative Matching," CRC TR 224 Discussion Paper Series crctr224_2023_465, University of Bonn and University of Mannheim, Germany.
    20. Takehito Masuda & Eungik Lee, 2019. "Higher order risk attitudes and prevention under different timings of loss," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 197-215, March.
    21. Louis Eeckhoudt & Harris Schlesinger, 2005. "Putting Risk in its Proper Place," CESifo Working Paper Series 1462, CESifo.
    22. Johannes Binswanger, 2005. "Risk Management of Pension Systems from the Perspective of Loss Aversion," CESifo Working Paper Series 1572, CESifo.
    23. Held, Hermann, 2020. "Cost Risk Analysisː How Robust Is It in View of Weitzman's Dismal Theorem and Undetermined Risk Functions?," WiSo-HH Working Paper Series 55, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    24. Stefan Hochguertel, 2003. "Precautionary motives and portfolio decisions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(1), pages 61-77.
    25. Marc A. Ragin & Benjamin L. Collier & Johannes G. Jaspersen, 2021. "The effect of information disclosure on demand for high‐load insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(1), pages 161-193, March.
    26. Krueger, Dirk & Kübler, Felix, 2005. "Pareto Improving Social Security Reform when Financial Markets Are Incomplete," CEPR Discussion Papers 5039, C.E.P.R. Discussion Papers.
    27. Barbie, Martin & Hagedorn, Marcus & Kaul, Ashok, 2002. "Fostering Within-Family Human Capital Investment: An Intragenerational Insurance Perspective of Social Security," IZA Discussion Papers 678, Institute of Labor Economics (IZA).
    28. Alexis Louaas & Pierre Picard, 2020. "Optimal insurance coverage of low-probability catastrophic risks," Working Papers hal-02875534, HAL.
    29. Mengus, Eric & Roberto Pancrazi, 2015. "The Inequality Accelerator," Economic Research Papers 270216, University of Warwick - Department of Economics.
    30. Steve Boucher & Catherine Guirkinger, 2007. "Risk, Wealth, and Sectoral Choice in Rural Credit Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 991-1004.
    31. Calvet, Laurent & Gonzalez-Eiras, Martín & Sodini, Paolo, 2004. "Financial Innovation, Market Participation, and Asset Prices," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 39(3), pages 431-459, September.
    32. Bryan, Gharad & Chowdhury, Shyamal & Mobarak Mushfiq, Ahmed, 2014. "Underinvestment in a profitable technology: the case of seasonal migration in Bangladesh," LSE Research Online Documents on Economics 60152, London School of Economics and Political Science, LSE Library.
    33. Fischer, Gregory, 2011. "Contract structure, risk sharing and investment choice," LSE Research Online Documents on Economics 41890, London School of Economics and Political Science, LSE Library.
    34. Fousseni Chabi-Yo & Chukwuma Dim & Grigory Vilkov, 2023. "Generalized Bounds on the Conditional Expected Excess Return on Individual Stocks," Management Science, INFORMS, vol. 69(2), pages 922-939, February.
    35. Frédéric Blanc-Brude, 2014. "Discussion of Finance and Public-Private Partnerships," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Matthew Read (ed.),Financial Flows and Infrastructure Financing, Reserve Bank of Australia.
    36. Bobtcheff, Catherine & Alary, David & Haritchabalet, Carole, 2020. "Organizing insurance supply for new and undiversifiable risks," CEPR Discussion Papers 15234, C.E.P.R. Discussion Papers.
    37. Christian Belzil, 2006. "Subjective beliefs and Schooling Decisions," Post-Print halshs-00265467, HAL.
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