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Essays in the theory of risk-bearing
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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
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Incentives: Motivation and the Economics of Information
TL;DR: Incentives: Motivation and the Economics of Information as discussed by the authors examines the performance of agents hired to carry out specific tasks, from taxi drivers to CEOs, and institutions, from voting schemes to medical panels deciding who gets kidney transplants.
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Risk Aversion and Nash's Solution for Bargaining Games with Risky Outcomes
Alvin E. Roth,Uriel G. Rothblum +1 more
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Efficient Market Making via Convex Optimization, and a Connection to Online Learning
TL;DR: The framework enables the design of computationally efficient markets tailored to an arbitrary, yet relatively small, space of securities with bounded payoff and proves that any market satisfying a set of intuitive conditions must price securities via a convex cost function, which is constructed via conjugate duality.
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Assessing energy supply security: Outage costs in private households
TL;DR: In this article, the authors proposed a Monte Carlo-based and a survey-based model to analyze the costs of power interruptions, and applied the model to commercial, industrial and governmental consumers.
Posted ContentDOI
Risk Aversion in Low Income Countries Experimental Evidence from Ethiopia
Mahmud Yesuf,Randall Bluffstone +1 more
TL;DR: In this article, the authors used an experimental approach applied to 262 households in the Ethiopian highlands with real payoffs to estimate the magnitude and nature of risk aversion of farm households in low-income developing countries.