Add to ORKGNational audienceWe study a general equilibrium model with micro-economic risk in which agents maximize an rand-dependent-expected-utility. Financial markets are complete. Under the assumption of weak risk aversion, all agents are prefectly insured at equilibrium. If, furthermore, agents are strongly risk averse, assets prices are indeterminate. We characterize the set of equilibrium asset prices
This paper demonstrates how both the quantitative and qualitative results of a general, analytically...
This paper considers a general equilibrium model in which the distinction between uncertainty and ri...
Les simulations par agents, ou centrées individu, permettent, par opposition aux modèles centrés gro...
National audienceWe study a general equilibrium model with micro-economic risk in which agents maxim...
We study a general equilibrium model with micro-economic risk in which agents maximize an rand-depen...
This paper studies the properties of a general equilibrium model with purely microeconomic risk, in ...
Economic agents are constantly making decisions to maximize their expected utilities while accepting...
La théorie économique de l'équilibre général, au sens classique de Arrow, Debreu ou Radner, décrit l...
URL des Cahiers :http://mse.univ-paris1.fr/MSEFramCahier2005.htmCahiers de la Maison des Sciences Ec...
ACL-2International audienceThis paper examines the equilibrium of financial portfolios under insuran...
We provide an equilibrium multi-asset pricing model with micro-founded systemic risk and heterogeneo...
This section extends the model with mean-variance preferences and an entropy learning technology by ...
The paper analyzes a two period general equilibrium model with individual risk and moral hazard. Eac...
We present a parsimonious and tractable general equilibrium model featuring a continuum of overlappi...
We provide an equilibrium multi-asset pricing model with micro-founded systemic risk and heterogeneo...
This paper demonstrates how both the quantitative and qualitative results of a general, analytically...
This paper considers a general equilibrium model in which the distinction between uncertainty and ri...
Les simulations par agents, ou centrées individu, permettent, par opposition aux modèles centrés gro...
National audienceWe study a general equilibrium model with micro-economic risk in which agents maxim...
We study a general equilibrium model with micro-economic risk in which agents maximize an rand-depen...
This paper studies the properties of a general equilibrium model with purely microeconomic risk, in ...
Economic agents are constantly making decisions to maximize their expected utilities while accepting...
La théorie économique de l'équilibre général, au sens classique de Arrow, Debreu ou Radner, décrit l...
URL des Cahiers :http://mse.univ-paris1.fr/MSEFramCahier2005.htmCahiers de la Maison des Sciences Ec...
ACL-2International audienceThis paper examines the equilibrium of financial portfolios under insuran...
We provide an equilibrium multi-asset pricing model with micro-founded systemic risk and heterogeneo...
This section extends the model with mean-variance preferences and an entropy learning technology by ...
The paper analyzes a two period general equilibrium model with individual risk and moral hazard. Eac...
We present a parsimonious and tractable general equilibrium model featuring a continuum of overlappi...
We provide an equilibrium multi-asset pricing model with micro-founded systemic risk and heterogeneo...
This paper demonstrates how both the quantitative and qualitative results of a general, analytically...
This paper considers a general equilibrium model in which the distinction between uncertainty and ri...
Les simulations par agents, ou centrées individu, permettent, par opposition aux modèles centrés gro...