Details about Christian Gollier
Access statistics for papers by Christian Gollier.
Last updated 2023-01-26. Update your information in the RePEc Author Service.
Short-id: pgo91
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Working Papers
2022
- Entre fin de mois et fin du monde: Économie de nos responsabilités envers l'humanité
Post-Print, HAL
- Fighting the war against climate change
TSE Working Papers, Toulouse School of Economics (TSE)
- The Discounting Premium Puzzle: Survey evidence from professional economists
TSE Working Papers, Toulouse School of Economics (TSE) 
Also in Economics Series Working Papers, University of Oxford, Department of Economics (2022)
- The cost-efficiency carbon pricing puzzle
TSE Working Papers, Toulouse School of Economics (TSE) View citations (4)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (9)
- The portfolio of economic policies needed to fight climate change
Working Paper Series, Peterson Institute for International Economics View citations (1)
2021
- Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership
Working Papers, FAERE - French Association of Environmental and Resource Economists View citations (1)
See also Journal Article in Economica (2022)
- The French case
Post-Print, HAL
- The Welfare Cost of Ignoring the Beta
FEEM Working Papers, Fondazione Eni Enrico Mattei (FEEM) View citations (3)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)  Working Papers, Fondazione Eni Enrico Mattei (2021) View citations (3)
- The welfare cost of vaccine misallocation, delays and nationalism
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
See also Journal Article in Journal of Benefit-Cost Analysis (2021)
2020
- Aversion to risk of regret and preference for positively skewed risks
Post-Print, HAL View citations (5)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2016) View citations (9)
See also Journal Article in Economic Theory (2020)
- Cost–benefit analysis of age‐specific deconfinement strategies
Post-Print, HAL View citations (27)
See also Journal Article in Journal of Public Economic Theory (2020)
- Déconfinement et lutte contre l’épidémie de Covid-19: grouper les tests pour plus d’efficacité
Institut des Politiques Publiques, HAL 
Also in Post-Print, HAL (2020)
- Group Testing Against Covid-19
EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (18)
Also in Working Papers, Center for Research in Economics and Statistics (2020) View citations (16) Post-Print, HAL (2020) View citations (15)
- If the Objective is Herd Immunity, on Whom Should it be Built?
EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (14)
Also in Post-Print, HAL (2020) View citations (14) Post-Print, HAL (2020) View citations (14)
See also Journal Article in Environmental & Resource Economics (2020)
- Les entreprises et la finance face à leurs responsabilités climatiques
Post-Print, HAL
See also Journal Article in Revue d'économie financière (2020)
- Lockdown exit and control of the Covid-19 epidemic: group tests can be more effective
Post-Print, HAL 
Also in Institut des Politiques Publiques, HAL (2020)
- Pandemic economics: Optimal dynamic confinement under uncertainty and learning
Post-Print, HAL View citations (15)
Also in Post-Print, HAL (2020) View citations (11)
See also Journal Article in The Geneva Risk and Insurance Review (2020)
- Risk-adjusted social discount rates
TSE Working Papers, Toulouse School of Economics (TSE) View citations (2)
2019
- A general theory of risk apportionment
TSE Working Papers, Toulouse School of Economics (TSE) View citations (4)
See also Journal Article in Journal of Economic Theory (2021)
- Le climat après la fin du mois
Post-Print, HAL View citations (1)
2018
- SYMPOSIUMON CHOICES UNDER UNCERTAINTY: BEYOND RISK AVERSION
Post-Print, HAL
See also Journal Article in Journal of Risk & Insurance (2018)
- The climate beta
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (26)
Also in GRI Working Papers, Grantham Research Institute on Climate Change and the Environment (2015) View citations (4) TSE Working Papers, Toulouse School of Economics (TSE) (2015) View citations (5) IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2015) View citations (6)
See also Journal Article in Journal of Environmental Economics and Management (2018)
- Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2018) View citations (1)
See also Journal Article in Journal of Risk & Insurance (2018)
- Valuation of natural capital under uncertain substitutability
TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2017) View citations (2)
See also Journal Article in Journal of Environmental Economics and Management (2019)
2017
- Variance stochastic orders
TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)
See also Journal Article in Journal of Mathematical Economics (2019)
2016
- Early resolution of uncertainty and asset prices
2016 Meeting Papers, Society for Economic Dynamics
- Explaining rank-dependent utility with regret and rejoicing
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (3)
2015
- Evaluation of long-dated assets: The role of parameter uncertainty
TSE Working Papers, Toulouse School of Economics (TSE) View citations (11)
See also Journal Article in Journal of Monetary Economics (2016)
- Evaluation of long-dated investments under uncertain growth trend, volatility and catastrophes
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (9)
Also in LERNA Working Papers, LERNA, University of Toulouse (2012) View citations (21) CESifo Working Paper Series, CESifo (2012) View citations (20)
- Taux d'actualisation et rémunération du capital
TSE Working Papers, Toulouse School of Economics (TSE) View citations (2)
See also Journal Article in Revue française d'économie (2015)
2014
- Cyclicality and term structure of Value-at-Risk within a threshold autoregression setup
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse 
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2014)
- Gamma discounters are short-termist
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (7)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2014) View citations (7)
See also Journal Article in Journal of Public Economics (2016)
- The "Washing Machine": Investment Strategies and Corporate Behavior with Socially Responsible Investors
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (21)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2014) View citations (14)
- The relevance and the limits of the Arrow-Lind Theorem
Post-Print, HAL View citations (9)
2013
- A theory of rational short-termism with uncertain betas
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse 
Also in LERNA Working Papers, LERNA, University of Toulouse (2012)  TSE Working Papers, Toulouse School of Economics (TSE) (2013)
- Asset Pricing with Uncertain Betas: A Long-Term Perspective
CESifo Working Paper Series, CESifo View citations (2)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2012)  TSE Working Papers, Toulouse School of Economics (TSE) (2012)
- Determining Benefits and Costs for Future Generations
Scholarly Articles, Harvard University Department of Economics View citations (111)
- How Should Benefits and Costs Be Discounted in an Intergenerational Context?
Working Paper Series, Department of Economics, University of Sussex Business School View citations (10)
- Optimal insurance design of ambiguous risks
LERNA Working Papers, LERNA, University of Toulouse View citations (1)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2013) View citations (1) IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2013) View citations (1)
See also Journal Article in Economic Theory (2014)
- Risk and Choice: A Research Saga
TSE Working Papers, Toulouse School of Economics (TSE) View citations (16)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2013) View citations (16)
See also Journal Article in Journal of Risk and Uncertainty (2013)
2012
- Changer la Finance ! L’investissement socialement responsable en quête de légitimité Finance durable et investissement responsable
Regards économiques, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (1)
- Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach
TSE Working Papers, Toulouse School of Economics (TSE) 
Also in LERNA Working Papers, LERNA, University of Toulouse (2012)  IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2012)  Working Papers, Department of Economics, University of Venice "Ca' Foscari" (2012)
- Equilibrium Corporate Behavior and Capital Asset Prices with Socially Responsible Investors
LERNA Working Papers, LERNA, University of Toulouse View citations (8)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2012) View citations (9) IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2012) View citations (9)
- Equilibrium Corporate Behavior and Capital Asset Prices with Socially Responsible Investorsn Asset Prices and Corporate Behavior
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (8)
- How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel
RFF Working Paper Series, Resources for the Future View citations (25)
2011
- Information and the Equity Premium
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (2)
Also in Working Papers, Department of Economics, W. P. Carey School of Business, Arizona State University View citations (3)
See also Journal Article in Journal of the European Economic Association (2011)
- Le calcul du risque dans les investissements publics
Post-Print, HAL View citations (22)
Also in Post-Print, HAL (2011) View citations (22)
- On the Underestimation of the Precautionary Effect in Discounting
CESifo Working Paper Series, CESifo View citations (13)
- Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (128)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2009) View citations (16)
See also Journal Article in Review of Economic Studies (2011)
2010
- Discounting, Inequalities and Economic Convergence
CESifo Working Paper Series, CESifo View citations (10)
2009
- Assets Returns Volatility and Investment Horizon: The French Case
CESifo Working Paper Series, CESifo View citations (4)
Also in THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise (2008)  IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2008) View citations (1)
- Cyclicality and Term Structure of Value-at-Risk in Europe
TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (1)
- Ecological Discounting
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2009) View citations (1) LERNA Working Papers, LERNA, University of Toulouse (2008) View citations (1)
See also Journal Article in Journal of Economic Theory (2010)
- Expected Net Present Value, Expected Net Future Value, and the Ramsey Rule
CESifo Working Paper Series, CESifo View citations (13)
Also in LERNA Working Papers, LERNA, University of Toulouse (2008) View citations (1) IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (13) TSE Working Papers, Toulouse School of Economics (TSE) (2009) View citations (11)
See also Journal Article in Journal of Environmental Economics and Management (2010)
- Finance durable et investissement responsable
TSE Working Papers, Toulouse School of Economics (TSE) View citations (3)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (3)
- How Should the Distant Future be Discounted When Discount Rates are Uncertain?
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (9)
Also in CESifo Working Paper Series, CESifo (2009) View citations (9) TSE Working Papers, Toulouse School of Economics (TSE) (2009) View citations (9)
See also Journal Article in Economics Letters (2010)
- Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse 
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (5)
- Shareholder Activism and Socially Responsible Investors: Equilibrium Changes in Asset Prices and Corporate Behavior
TSE Working Papers, Toulouse School of Economics (TSE) View citations (6)
- Should We Discount the Far-Distant Future at Its Lowest Possible Rate?
Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (34)
Also in LERNA Working Papers, LERNA, University of Toulouse (2008) View citations (2)
See also Journal Article in Economics - The Open-Access, Open-Assessment E-Journal (2007-2020) (2009)
- Term Structure and Cyclicity of Value-at-Risk: Consequences for the Solvency Capital Requirement
CESifo Working Paper Series, CESifo View citations (5)
2008
- Declining Discount Rates: Economic Justifications and Implications for Long-Run Policy
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (67)
Also in LERNA Working Papers, LERNA, University of Toulouse (2008) View citations (65)
See also Journal Article in Economic Policy (2008)
- Discounting with Fat-Tailed Economic Growth
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (78)
Also in LERNA Working Papers, LERNA, University of Toulouse (2008) View citations (79)
See also Journal Article in Journal of Risk and Uncertainty (2008)
- Resource Allocation When Projects Have Ranges of Increasing Returns
Working Paper Series, Harvard University, John F. Kennedy School of Government 
Also in LERNA Working Papers, LERNA, University of Toulouse (2007) 
See also Journal Article in Journal of Risk and Uncertainty (2008)
- Socially Efficient Discounting under Ambiguity Aversion
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (35)
2007
- Assets Relative Risk for Long-term Investors
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
- Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund
CESifo Working Paper Series, CESifo View citations (4)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2007) View citations (4)
See also Journal Article in Journal of Public Economics (2008)
- Le calcul économique dans le processus de choix collectif des investissements de transport
PSE-Ecole d'économie de Paris (Postprint), HAL 
Also in Post-Print, HAL (2007) View citations (2)
- Optimal Beliefs, Asset Prices and the Preference for Skewed Returns
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (170)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2007) View citations (173) NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (171)
See also Journal Article in American Economic Review (2007)
- Optimal expectations with complete markets
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
- The Determinants of the Insurance Demand by Firms
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (2)
- Understanding Saving and Portfolio Choices with Predictable Changes in Assets Returns
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse 
See also Journal Article in Journal of Mathematical Economics (2008)
2006
- An Evaluation of Stern's Report on the Economics of Climate Change
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (5)
- Optimal choice and beliefs with ex ante savoring ex post disappointment
LERNA Working Papers, LERNA, University of Toulouse View citations (5)
2005
- Does Flexibility Enhance Risk Tolerance?
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (6)
- Economic and financial decisions under risk
Post-Print, HAL View citations (170)
- Optimal Illusions and Decisions under Risk
CESifo Working Paper Series, CESifo View citations (19)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2005) View citations (14)
- Optimal Portfolio Management for Individual Pension Plans
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (6)
Also in CESifo Working Paper Series, CESifo (2005) View citations (5)
- Optimal consumption and the timing of the resolution of uncertainty
Post-Print, HAL View citations (23)
Also in LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (2005) View citations (15)
See also Journal Article in European Economic Review (2005)
- STUDY ON COMPETITION POLICY IN THE PORTUGUESE INSURANCE SECTOR: ECONOMETRIC MEASUREMENT OF UNILATERAL EFFECTS IN THE CAIXA/BCP MERGER CASE
Working Papers, Portuguese Competition Authority
- Some Aspects of the Economics of Catastrophe Risk Insurance
CESifo Working Paper Series, CESifo View citations (24)
- The Consumption-Based Determinants of the Term Structure of Discount Rates
CESifo Working Paper Series, CESifo View citations (13)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2004) View citations (2)
- The impact of prudence on optimal prevention
Post-Print, HAL View citations (135)
See also Journal Article in Economic Theory (2005)
2004
- Choice of Nuclear Power Investments ander Price Uncertainty: Valuing Modularity
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2004) View citations (1)
See also Journal Article in Energy Economics (2005)
- Optimal Positive Thinking and Decisions under Risk
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
2003
- Collective Investment Decision Making with Heterogeneous Time Preferences
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2003) View citations (3) CESifo Working Paper Series, CESifo (2003) View citations (3)
- Collective Risk-Taking Decisions with Heterogeneous Beliefs
CESifo Working Paper Series, CESifo View citations (3)
- Maximizing the Expected Net Future Value as an Alternative Strategy to Gamma Discounting
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (3)
See also Journal Article in Finance Research Letters (2004)
- Optimal Dynamic Portfolio Risk with First-Order and Second-Order Predictability
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse 
See also Journal Article in The B.E. Journal of Theoretical Economics (2004)
- Transitory Shocks to GNP and the Consumption-Based Term Structure of Interest Rates
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
- Who Should we Believe? Collective Risk-Taking Decisions with Heterogeneous Beliefs
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (4)
2002
- Optimal Prevention of Unknown Risks: A Dynamic Approach with Learning
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (10)
2001
- Are Independent Optimal Risks Substitutes?
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (4)
- Changes in Risk and Asset Prices
CESifo Working Paper Series, CESifo 
See also Journal Article in Journal of Monetary Economics (2002)
- How Diagnostic Tests Affect Prevention: a Cost-Benefit Analysis
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (2)
- Which shape for the cost curve of risk?
LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (10)
Also in Working Papers, Toulouse - GREMAQ (1998) View citations (9)
2000
- Scientific progress and irreversibility: an economic interpretation of the Precautionary principle
([Progrès scientifique et irréversibilité: une interprétation économique du principe de précaution])
Post-Print, HAL View citations (92)
See also Journal Article in Journal of Public Economics (2000)
1998
- Discounting an Uncertain Future
CESifo Working Paper Series, CESifo View citations (4)
See also Journal Article in Journal of Public Economics (2002)
1997
- Changing in Risk and Risk Taking: A Survey
Working Papers, Toulouse - GREMAQ View citations (12)
- Horizon Length and Portfolio Risk
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (12)
See also Journal Article in Journal of Risk and Uncertainty (2002)
- Learning and Irreversibility: An Econmic Interpretation of the "Precautionnary Principle"
Working Papers, Toulouse - GREMAQ View citations (3)
- Optimal Insurance Design: What Can We Do Without Expected Utility?
Working Papers, Toulouse - GREMAQ
- Wealth Inequality and Asset Pricing
Working Papers, Toulouse - GREMAQ View citations (2)
See also Journal Article in Review of Economic Studies (2001)
1996
- A Model Of Comparative Statics For Changes in Stochastic Returns With Dependent Risky Assets
Working Papers, Toulouse - GREMAQ View citations (6)
Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1995) View citations (2) Working Papers, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. (1996) View citations (6) THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise (1996) View citations (7)
See also Journal Article in Journal of Risk and Uncertainty (1996)
- Investment Flexibility and the Acceptance of Risk
Working Papers, Toulouse - GREMAQ View citations (1)
See also Journal Article in Journal of Economic Theory (1997)
- New Methods in the Classical Economics of Uncertainty: Comparing Risks
Working Papers, Toulouse - GREMAQ View citations (7)
See also Journal Article in The Geneva Papers on Risk and Insurance Theory (2018)
- Peer Grouping in An Adverse Selection Model
Discussion Papers, University College London, Department of Economics View citations (2)
- Risk-Taking Behavior with Limited Liability and Risk Aversion
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (15)
- The Effect of an Early Resolution of Uncertainty on Savings
Working Papers, Toulouse - GREMAQ
- The Insurance of Low Probability Events
Working Papers, Toulouse - GREMAQ View citations (5)
- The No Loss Offset Provision and the Attitude Towards Risk of a Risk-Neutral Firm
Working Papers, Toulouse - GREMAQ
See also Journal Article in Journal of Public Economics (1997)
- Time Horizon Length and Risk Aversion
Working Papers, Toulouse - GREMAQ
1994
- Adverse selection in an insurance pool
Working Papers, Risk and Insurance Archive
- Changes in Background Risk and Risk Taking Behavior
Working Papers, Risk and Insurance Archive View citations (31)
See also Journal Article in Econometrica (1996)
- Demand for Risky Assets and Stochastic Dominance: A Note
Working Papers, Risk and Insurance Archive
- Dynamic Risk Taking With Indivisible Risks
Working Papers, Risk and Insurance Archive
- Europe's unemployment problem
LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
- Recursive Utility, Precautionary Saving and the Demand for Insurance
Working Papers, Risk and Insurance Archive
- Risk Aversion, Prudence and Temperance: A Unified Approach
Working Papers, Risk and Insurance Archive
See also Journal Article in Economics Letters (1995)
- Second-Best Risk Sharing With Incomplete Contracts
Working Papers, Risk and Insurance Archive
1993
- Monopolistic Insurance Markets Under the Coinsurance Clause
Working Papers, Risk and Insurance Archive
- Portfolio Dominance, Lower Conditional Expectation And The Monotone Likelihood Ratio Order
Working Papers, Risk and Insurance Archive View citations (2)
- Risk sharing on the labour market and second-best wage rigidities
LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (11)
Also in LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (1990)
See also Journal Article in European Economic Review (1993)
- Risk-Taking Behaviour With Expected Utility and Limited Liability: Applications to the Regulation of Financial Intermediaries
Working Papers, Risk and Insurance Archive
- Weak Proper Risk Aversion And The Tempering Effect of Background Risk
Working Papers, Risk and Insurance Archive View citations (5)
1992
- Portfolio selection by mutual insurance companies and optimal participating insurance policies
LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 
See also Journal Article in Insurance: Mathematics and Economics (1992)
- Second-best insurance contract design in an incomplete market
LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
- Simple Increases in Risk and Their Comparative Statics for Portfolio Management
Cahiers de recherche, Universite de Montreal, Departement de sciences economiques View citations (1)
Also in Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (1992) View citations (1)
1991
- A note on portfolio selection by insurance companies and optimal participating insurance policies
LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
- Comparative Statics Under Multiple Sources of Risk with Appllications to Insurance Demand
Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ View citations (2)
Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1991)
See also Journal Article in The Geneva Risk and Insurance Review (1992)
1987
- Intergenerational discrimination in insider-outsider models with implicit labour contracts
LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (1)
- Pareto-optimal risk sharing with fixed costs per claim
LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (15)
Also in LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (1985) View citations (2)
- The design of optimal insurance contracts without the non-negativity constraint on claims
LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (2)
Also in LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (1985)
- The role of wage setting in entry-deterrence
LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
Undated
- Increased Risk-Bearing with Background Risk
Working Papers, Department of Economics, W. P. Carey School of Business, Arizona State University View citations (6)
See also Journal Article in The B.E. Journal of Theoretical Economics (2006)
Journal Articles
2022
- Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership
Economica, 2022, 89, (356), 997-1023 View citations (2)
See also Working Paper (2021)
2021
- A general theory of risk apportionment
Journal of Economic Theory, 2021, 192, (C) View citations (3)
See also Working Paper (2019)
- Habit persistence reduces risk aversion
The Geneva Papers on Risk and Insurance - Issues and Practice, 2021, 46, (2), 214-223 View citations (1)
- Insurance economics and COVID‐19
Journal of Risk & Insurance, 2021, 88, (4), 825-829
- Professor Sir Partha Dasgupta Awarded Kew International Medal for Contributions to Science, Conservation and the Critical Challenges Facing Humanity
Environmental & Resource Economics, 2021, 80, (2), 197-198
- The Welfare Cost of Vaccine Misallocation, Delays and Nationalism
Journal of Benefit-Cost Analysis, 2021, 12, (2), 199-226 View citations (7)
See also Working Paper (2021)
2020
- Aversion to risk of regret and preference for positively skewed risks
Economic Theory, 2020, 70, (4), 913-941 View citations (5)
See also Working Paper (2020)
- Cost–benefit analysis of age‐specific deconfinement strategies
Journal of Public Economic Theory, 2020, 22, (6), 1746-1771 View citations (11)
See also Working Paper (2020)
- If the Objective is Herd Immunity, on Whom Should it be Built?
Environmental & Resource Economics, 2020, 76, (4), 671-683 View citations (14)
See also Working Paper (2020)
- Les entreprises et la finance face à leurs responsabilités climatiques
Revue d'économie financière, 2020, N° 138, (2), 89-104 
See also Working Paper (2020)
- Pandemic economics: optimal dynamic confinement under uncertainty and learning
The Geneva Risk and Insurance Review, 2020, 45, (2), 80-93 View citations (15)
See also Working Paper (2020)
- Valorisation des investissements ultra-longs et développement durable
L'Actualité Economique, 2020, 96, (4), 621-655 
Also in L'Actualité Economique, 2016, 92, (4), 667-701 (2016)
2019
- A Personal Biography of Marty Weitzman
Environmental & Resource Economics, 2019, 74, (3), 943-947
- Introduction
Revue d'économie financière, 2019, N° 133, (1), 9-17
- Le prix du risque climatique et le prix du carbone
Revue d'économie financière, 2019, N° 133, (1), 171-182 View citations (2)
- Valuation of natural capital under uncertain substitutability
Journal of Environmental Economics and Management, 2019, 94, (C), 54-66 View citations (8)
See also Working Paper (2018)
- Variance stochastic orders
Journal of Mathematical Economics, 2019, 80, (C), 1-8 View citations (2)
See also Working Paper (2017)
2018
- New methods in the classical economics of uncertainty: comparing risks
The Geneva Papers on Risk and Insurance Theory, 2018, 43, (1), 5-23 View citations (6)
Also in The Geneva Risk and Insurance Review, 2018, 43, (1), 5-23 (2018) View citations (6)
See also Working Paper (1996)
- SYMPOSIUM ON CHOICES UNDER UNCERTAINTY: BEYOND RISK AVERSION
Journal of Risk & Insurance, 2018, 85, (2), 309-312 
See also Working Paper (2018)
- Stochastic volatility implies fourth-degree risk dominance: Applications to asset pricing
Journal of Economic Dynamics and Control, 2018, 95, (C), 155-171 View citations (3)
- The climate beta
Journal of Environmental Economics and Management, 2018, 87, (C), 258-274 View citations (28)
See also Working Paper (2018)
- Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions
Journal of Risk & Insurance, 2018, 85, (2), 397-430 View citations (1)
See also Working Paper (2018)
2016
- Analysis of Systemic Risk in the Insurance Industry
The Geneva Risk and Insurance Review, 2016, 41, (1), 73-106 View citations (6)
- Evaluation of long-dated assets: The role of parameter uncertainty
Journal of Monetary Economics, 2016, 84, (C), 66-83 View citations (16)
See also Working Paper (2015)
- Gamma discounters are short-termist
Journal of Public Economics, 2016, 142, (C), 83-90 View citations (8)
See also Working Paper (2014)
2015
- Cyclical and Term Structure of Value-at-Risk within a Threshold Autoregression Setup
Bankers, Markets & Investors, 2015, (134), 18-32 View citations (1)
- Dans quel sens la révolution numérique affecte-t-elle l’assurabilité des risques ?
Revue d'économie financière, 2015, n° 118, (2), 197-204
- Decreasing aversion under ambiguity
Journal of Economic Theory, 2015, 157, (C), 606-623 View citations (21)
- Discounting, inequality and economic convergence
Journal of Environmental Economics and Management, 2015, 69, (C), 53-61 View citations (19)
- Long-term savings: the case of life insurance in France
Financial Stability Review, 2015, (19), 129-136 View citations (4)
- Negotiating effective institutions against climate change
Economics of Energy & Environmental Policy, 2015, Volume 4, (Number 2) View citations (50)
- Taux d’actualisation et rémunération du capital
Revue française d'économie, 2015, Volume XXX, (4), 3-15 View citations (2)
See also Working Paper (2015)
2014
- Discounting and Growth
American Economic Review, 2014, 104, (5), 534-37 View citations (15)
- Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?
Review of Environmental Economics and Policy, 2014, 8, (2), 145-163 View citations (79)
- Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study
Theory and Decision, 2014, 77, (4), 485-530 View citations (36)
- Optimal insurance design of ambiguous risks
Economic Theory, 2014, 57, (3), 555-576 View citations (29)
See also Working Paper (2013)
- The Long-Run Discount Rate Controversy
Annual Review of Resource Economics, 2014, 6, (1), 273-295 View citations (42)
2013
- Risk and choice: A research saga
Journal of Risk and Uncertainty, 2013, 47, (2), 129-145 View citations (16)
See also Working Paper (2013)
- The Effect of Ambiguity Aversion on Insurance and Self‐protection
Economic Journal, 2013, 123, (12), 1188-1202 View citations (82)
2012
- Actualisation et développement durable: en faisons-nous assez pour les générations futures?
Annals of Economics and Statistics, 2012, (2012.HS1), 57-96 View citations (1)
- Sommes-nous trop égoïstes ou trop généreux envers les générations futures ?
Reflets et perspectives de la vie économique, 2012, LI, (4), 67-76
2011
- Discount rate and sustainable development
INRAE Sciences Sociales, 2011, 2011, 4
- Discounting and risk adjusting non-marginal investment projects
European Review of Agricultural Economics, 2011, 38, (3), 325-334 View citations (1)
- INFORMATION AND THE EQUITY PREMIUM
Journal of the European Economic Association, 2011, 9, (5), 871-902 View citations (2)
See also Working Paper (2011)
- On the Underestimation of the Precautionary Effect in Discounting&ast
The Geneva Risk and Insurance Review, 2011, 36, (2), 95-111 View citations (9)
- Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion
Review of Economic Studies, 2011, 78, (4), 1329-1344 View citations (128)
See also Working Paper (2011)
- Taux d’actualisation et développement durable
INRAE Sciences Sociales, 2011, 2011, 4
2010
- Debating about the Discount Rate:The Basic Economic Ingredients
Perspektiven der Wirtschaftspolitik, 2010, 11, (s1), 38-55 View citations (4)
- Ecological discounting
Journal of Economic Theory, 2010, 145, (2), 812-829 View citations (73)
See also Working Paper (2009)
- Expected net present value, expected net future value, and the Ramsey rule
Journal of Environmental Economics and Management, 2010, 59, (2), 142-148 View citations (19)
See also Working Paper (2009)
- How should the distant future be discounted when discount rates are uncertain?
Economics Letters, 2010, 107, (3), 350-353 View citations (148)
See also Working Paper (2009)
- Équité intergénérationnelle et investissements pour le futur
Regards croisés sur l'économie, 2010, n° 7, (1), 218-223
2009
- Should we Discount the Far-Distant Future at its Lowest Possible Rate?
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2009, 3, 1-14 View citations (33)
See also Working Paper (2009)
2008
- Declining discount rates: Economic justifications and implications for long-run policy
(Regime switches in interest rates)
Economic Policy, 2008, 23, (56), 758-795 View citations (53)
See also Working Paper (2008)
- Discounting with fat-tailed economic growth
Journal of Risk and Uncertainty, 2008, 37, (2), 171-186 View citations (79)
See also Working Paper (2008)
- Intergenerational risk-sharing and risk-taking of a pension fund
Journal of Public Economics, 2008, 92, (5-6), 1463-1485 View citations (84)
See also Working Paper (2007)
- Liquidité, incertitude et crise
Revue d'Économie Financière, 2008, 7, (1), 129-133
- Resource allocation when projects have ranges of increasing returns
Journal of Risk and Uncertainty, 2008, 37, (1), 1-33 
Also in Journal of Risk and Uncertainty, 2008, 37, (1), 93-93 (2008) 
See also Working Paper (2008)
- Understanding saving and portfolio choices with predictable changes in assets returns
Journal of Mathematical Economics, 2008, 44, (5-6), 445-458 View citations (8)
See also Working Paper (2007)
2007
- Comment intégrer le risque dans le calcul économique ?
Revue d'économie politique, 2007, 117, (2), 209-223 View citations (9)
- La Finance Durable du Rapport Stern
Revue d'économie politique, 2007, 117, (4), 463-473 View citations (1)
- Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns
American Economic Review, 2007, 97, (2), 159-165 View citations (175)
See also Working Paper (2007)
- Whom should we believe? Aggregation of heterogeneous beliefs
Journal of Risk and Uncertainty, 2007, 35, (2), 107-127 View citations (16)
2006
- Avant-propos: Pourquoi l'ISR a-t-il besoin de recherche universitaire ? Regards croisés
Revue d'Économie Financière, 2006, 85, (4), 11-18
- Increased Risk-Bearing with Background Risk
The B.E. Journal of Theoretical Economics, 2006, 6, (1), 1-29 View citations (5)
See also Working Paper
2005
- Aggregation of Heterogeneous Time Preferences
Journal of Political Economy, 2005, 113, (4), 878-896 View citations (154)
- Choice of nuclear power investments under price uncertainty: Valuing modularity
Energy Economics, 2005, 27, (4), 667-685 View citations (54)
See also Working Paper (2004)
- Coûts de l’inassurabilité et coûts de l’assurance
Revue d'Économie Financière, 2005, 80, (3), 39-52
- Les déterminants socio-économiques des comportements face aux risques. Commentaire
Revue économique, 2005, 56, (2), 417-421
- Optimal consumption and the timing of the resolution of uncertainty
European Economic Review, 2005, 49, (3), 761-773 View citations (29)
See also Working Paper (2005)
- Quel taux d actualisation pour quel avenir ?
Revue Française d'Économie, 2005, 19, (4), 59-81 View citations (4)
- The impact of prudence on optimal prevention
Economic Theory, 2005, 26, (4), 989-994 View citations (139)
See also Working Paper (2005)
2004
- Debt Contract, Strategic Default, and Optimal Penalties with Judgement Errors
Annals of Economics and Finance, 2004, 5, (2), 357-372 View citations (10)
- Introduction: Risk and Uncertainty in Environmental and Resource Economics
Journal of Risk and Uncertainty, 2004, 29, (1), 5-6
- MISERY LOVES COMPANY: EQUILIBRIUM PORTFOLIOS WITH HETEROGENEOUS CONSUMPTION EXTERNALITIES
International Economic Review, 2004, 45, (4), 1169-1192 View citations (24)
- Maximizing the expected net future value as an alternative strategy to gamma discounting
Finance Research Letters, 2004, 1, (2), 85-89 View citations (61)
See also Working Paper (2003)
- Optimal Dynamic Portfolio Risk with First-Order and Second-Order Predictability
The B.E. Journal of Theoretical Economics, 2004, 4, (1), 1-35 View citations (9)
See also Working Paper (2003)
2003
- Daniel Kahneman et l'analyse de la décision face au risque
Revue d'économie politique, 2003, 113, (3), 295-307 View citations (1)
- Decision-Making under Scientific Uncertainty: The Economics of the Precautionary Principle
Journal of Risk and Uncertainty, 2003, 27, (1), 77-103 View citations (67)
- Preserving preference rankings under background risk
Economics Letters, 2003, 80, (3), 337-341 View citations (4)
- To Insure or Not to Insure?: An Insurance Puzzle
The Geneva Risk and Insurance Review, 2003, 28, (1), 5-24 View citations (53)
2002
- Changes in risk and asset prices
Journal of Monetary Economics, 2002, 49, (4), 747-760 View citations (23)
See also Working Paper (2001)
- Discounting an uncertain future
Journal of Public Economics, 2002, 85, (2), 149-166 View citations (154)
See also Working Paper (1998)
- Horizon Length and Portfolio Risk
Journal of Risk and Uncertainty, 2002, 24, (3), 195-212 View citations (39)
See also Working Paper (1997)
- Quel taux d’actualisation pour le long terme ?
Revue d'Économie Financière, 2002, 66, (2), 253-267
- Time Horizon and the Discount Rate
Journal of Economic Theory, 2002, 107, (2), 463-473 View citations (113)
- Time diversification, liquidity constraints, and decreasing aversion to risk on wealth
Journal of Monetary Economics, 2002, 49, (7), 1439-1459 View citations (27)
2001
- Analyse quantitative de la réversibilité du stockage des déchets nucléaires: valorisation des déchets
Économie et Prévision, 2001, 149, (3), 1-13 View citations (3)
Also in Economie & Prévision, 2001, 149, (3), 1-13 (2001)
- Multiple risks and the value of information
Economics Letters, 2001, 73, (3), 359-365 View citations (1)
- Should we beware of the Precautionary Principle?
Economic Policy, 2001, 16, (33), 302-327 View citations (32)
- Wealth Inequality and Asset Pricing
Review of Economic Studies, 2001, 68, (1), 181-203 View citations (52)
See also Working Paper (1997)
2000
- Peer Group Formation in an Adverse Selection Model
Economic Journal, 2000, 110, (465), 632-43 View citations (94)
- Scientific progress and irreversibility: an economic interpretation of the 'Precautionary Principle'
Journal of Public Economics, 2000, 75, (2), 229-253 View citations (172)
See also Working Paper (2000)
1998
- Editor's Note
The Geneva Risk and Insurance Review, 1998, 23, (1), 5-5
1997
- A Note on Portfolio Dominance
Review of Economic Studies, 1997, 64, (1), 147-150 View citations (15)
- About the Insurability of Catastrophic Risks&ast
The Geneva Papers on Risk and Insurance - Issues and Practice, 1997, 22, (2), 177-186 View citations (6)
- Economics of Radiation Protection: Equity Considerations
Theory and Decision, 1997, 43, (3), 241-251 View citations (2)
- Investment Flexibility and the Acceptance of Risk
Journal of Economic Theory, 1997, 76, (2), 219-241 View citations (10)
See also Working Paper (1996)
- On the Inefficiency of Bang-Bang and Stop-Loss Portfolio Strategies
Journal of Risk and Uncertainty, 1997, 14, (2), 143-54 View citations (5)
- The no-loss offset provision and the attitude towards risk of a risk-neutral firm
Journal of Public Economics, 1997, 65, (2), 207-217 View citations (31)
See also Working Paper (1996)
- Trade Credit and Credit Rationing
Review of Financial Studies, 1997, 10, (4), 903-37 View citations (323)
- Willingness to pay, the risk premium and risk aversion
Economics Letters, 1997, 55, (3), 355-360 View citations (15)
1996
- A Model of Comparative Statics for Changes in Stochastic Returns with Dependent Risky Assets
Journal of Risk and Uncertainty, 1996, 13, (2), 147-62 View citations (6)
See also Working Paper (1996)
- Arrow's Theorem on the Optimality of Deductibles: A Stochastic Dominance Approach
Economic Theory, 1996, 7, (2), 359-63 View citations (46)
Also in Economic Theory, 1996, 7, (2), 359-363 (1996) View citations (47)
- Changes in Background Risk and Risk-Taking Behavior
Econometrica, 1996, 64, (3), 683-89 View citations (211)
See also Working Paper (1994)
- Decreasing absolute prudence: Characterization and applications to second-best risk sharing
European Economic Review, 1996, 40, (9), 1799-1815 View citations (11)
- Deductible insurance and production: A comment
Insurance: Mathematics and Economics, 1996, 19, (1), 55-59 View citations (5)
- Portfolio choice under noisy asset returns
Economics Letters, 1996, 53, (1), 47-51 View citations (2)
- Risk Vulnerability and the Tempering Effect of Background Risk
Econometrica, 1996, 64, (5), 1109-23 View citations (377)
- Vers une théorie économique des limites de l'assurabilité
Revue d'Économie Financière, 1996, 37, (2), 59-79 View citations (1)
1995
- Demand for Risky Assets and the Monotone Probability Ratio Order
Journal of Risk and Uncertainty, 1995, 11, (2), 113-22 View citations (43)
- Insurance and Catastrophes: Comment
The Geneva Risk and Insurance Review, 1995, 20, (2), 189-190
- Introductory Note
The Geneva Risk and Insurance Review, 1995, 20, (1), 7-8
- Risk-aversion, prudence and temperance: A unified approach
Economics Letters, 1995, 48, (3-4), 331-336 View citations (49)
See also Working Paper (1994)
- The Comparative Statics of Changes in Risk Revisited
Journal of Economic Theory, 1995, 66, (2), 522-535 View citations (81)
1994
- The Spillover Effect of Compulsory Insurance
The Geneva Risk and Insurance Review, 1994, 19, (1), 23-34 View citations (3)
1993
- Increases in Risk and Linear Payoffs
International Economic Review, 1993, 34, (2), 309-19 View citations (24)
- Relatively weak increases in risk and their comparative statics
Economics Letters, 1993, 41, (3), 269-272 View citations (5)
- Risk sharing on the labour market and second-best wage rigidities
European Economic Review, 1993, 37, (8), 1457-1482 View citations (59)
See also Working Paper (1993)
- The Economics of Adding and Subdividing Independent Risks: Some Comparative Statics Results
Journal of Risk and Uncertainty, 1993, 7, (3), 325-37 View citations (6)
1992
- Comparative Statics Under Multiple Sources of Risk with Applications to Insurance Demand
The Geneva Risk and Insurance Review, 1992, 17, (1), 21-33 View citations (18)
See also Working Paper (1991)
- Portfolio selection by mutual insurance companies and optimal participating insurance policies
Insurance: Mathematics and Economics, 1992, 11, (3), 237-245 
See also Working Paper (1992)
1991
- Increases in risk and deductible insurance
Journal of Economic Theory, 1991, 55, (2), 435-440 View citations (20)
- Unemployment Insurance: Risk Sharing Versus Efficiency
The Geneva Risk and Insurance Review, 1991, 16, (1), 59-74 View citations (9)
- Wage Differentials, the Insider-Outsider Dilemma, and Entry-Deterrence
Oxford Economic Papers, 1991, 43, (3), 391-408 View citations (6)
Books
2012
- Pricing the Planet's Future: The Economics of Discounting in an Uncertain World
Economics Books, Princeton University Press View citations (123)
2004
- The Economics of Risk and Time, vol 1
MIT Press Books, The MIT Press View citations (180)
Edited books
2018
- The Economics of Risk and Uncertainty
Books, Edward Elgar Publishing View citations (6)
2011
- Industrial Policy for National Champions, vol 1
MIT Press Books, The MIT Press View citations (19)
Chapters
2012
- Preface
A chapter in Pricing the Planet's Future: The Economics of Discounting in an Uncertain World, 2012
Undated
- Arguments for and against Policies to Promote National Champions
University of Munich, Department of Economics View citations (4)
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