They consider organizations with a single principal and many agents who
interact in an environment with the following features: (a) Nature imperfectly
informs the principal via a state-contingent si...
On 30 Mar 2011 In this paper they introduce two other notions of the comparative riskiness of lotteries with vector outcomes. [Working Paper No. 191]
On 17 Dec 2010 The context for this paper is the interaction between a rm that produces and processes durable pollution and a regulator charged with the tasks of (a) employing a mandated technology to process the p...
On 05 Oct 2010 Pratt (1964) and Yaari (1969) contain the classical results pertaining to the
equivalence of various notions of comparative risk aversion of von Neumann-
Morgenstern utilities in the setting with re...
On 27 Sep 2010 The objective of this paper is twofold. Firstly, to propose a conceptual and institutional framework for the first step of the Kyoto procedure. This framework is formally expressed in a non-cooperativ...
On 09 Sep 2010 |