Should Risk Averse Countries be Trade Averse?

In this work, risk averse (with respect to their own noise) agents have been considered; investigating a mean field game model with common noise and risk averse agents would be

In a …rst-best allocation of resources, unemployment bene…ts should provide perfect insurance against the unemployment risk, layo¤ taxes are necessary to induce employers to

the results presented in [3] where the speckle density spectrum in the along-track direction was found to be sensitive to the sea- surface conditions (decreasing with wind speed

The first part of his book features the Iulius as a purely Gallican pamphlet, the second is devoted to arguing the impossibility of Erasmus as author, and a third deals

This system determines proper ecological velocity profile to improve safety and the cruising range based on the road geometry, traffic speed limit zones, and the preceding ve-

There is no composite index that would allow us to compare risk aversion between different actors (Europe versus the United States, for example). However, there are a certain number

Further, the degree of the negative effect of uncertainty on the exporting decision of firms varies depending on whether firms are risk averse or risk taking

Roussaki, I., Papaioannou, I., & Anagnostou, M.: Building Automated Negotiation Strategies Enhanced by MLP and GR Neural Networks for Opponent Agent Behaviour