Property Insurance, Portfolio Selection and Their Interdependence

Optimum consumption and portfolio rules in a continuous-time model

1971 • 6,065 citations

LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING

1975 • 1,863 citations

Optimal consumption and portfolio policies when asset prices follow a diffusion process

1989 • 1,697 citations

Labor supply flexibility and portfolio choice in a life cycle model

1992 • 1,143 citations

The economics of risk and time

2001 • 1,044 citations

The Effect of Uncertainty on Saving Decisions

1970 • 910 citations

Explicit Solution of a General Consumption/Investment Problem

1986 • 383 citations

Optimal Savings Under Uncertainty

1969 • 345 citations

Hedging in incomplete markets with HARA utility

1997 • 252 citations

A variational problem arising in financial economics

1991 • 247 citations

The Scope of Cooperation: Values and Incentives

2007 • 218 citations

The Interdependence of Individual Portfolio Decisions and the Demand for Insurance

1983 • 168 citations

The regulatory response to the financial crisis

2008 • 141 citations

To Insure or Not to Insure?: An Insurance Puzzle

2003 • 133 citations

Productivity and the Decision to Import and Export: Theory and Evidence

2008 • 132 citations

Capital Risk, Consumption, and Portfolio Choice

1969 • 122 citations

What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic

2007 • 107 citations

Global Trends in Numeracy 1820-1949 and its Implications for Long-Run Growth

2008 • 101 citations

Identification of New Keynesian Phillips Curves from a Global Perspective

2008 • 85 citations

Insurance and saving: some further results

1984 • 82 citations

Offshoring: Why Do Stories Differ?

2008 • 80 citations

Minority voting and long-term decisions

2009 • 79 citations

The Design of Pension Pay Out Options When the Health Status During Retirement is Uncertain

2008 • 78 citations

The Trade and Welfare Effects of Mergers in Space

2008 • 68 citations

The stress of having a single monetary policy in Europe

2008 • 58 citations

Insurance and Precautionary Capital Accumulation in a Continuous-Time Model

1994 • 54 citations

Power Over Prosecutors Corrupts Politicians: Cross Country Evidence Using a New Indicator

2008 • 49 citations

Should Continued Family Firms Face Lower Taxes than Other Estates?

2009 • 47 citations

Optimal Deductible and Consumption Theory

1977 • 45 citations

The Limits of Trust in Economic Transactions - Investigations of Perfect Reputation Systems

2008 • 44 citations

The Impact of Continuous Training on a Firm's Innovations

2008 • 43 citations

Regulating National Firms in a Common Market

2008 • 42 citations

Long Memory with Markov-Switching GARCH

2008 • 42 citations

Comparing the Accuracy of Default Predictions in the Rating Industry: The Case of Moody's vs. S&P

2003 • 41 citations

Insurance and Consumption: The Continuous Time Case

1986 • 40 citations

Private Retirement Savings in Germany: The Structure of Tax Incentives and Annuitization

2008 • 40 citations

Democratic Participation and the Size of Regions: An Empirical Study Using Data on German Counties

2008 • 39 citations

Discounting and Welfare Analysis Over Time: Choosing the à3B7

2008 • 38 citations

A Tale of Two Debt Crises: A Stochastic Optimal Control Analysis

2009 • 37 citations

Why Not in Your Backyard? On the Location and Size of a Public Facility

2006 • 35 citations

Tax Competition: Greenfield Investment Versus Mergers and Acquisitions

2008 • 34 citations

Does Laboratory Trading Mirror Behavior in Real World Markets? Fair Bargaining and Competitive Bidding on Ebay

2008 • 34 citations

Ageing and Productivity Growth: Are There Macro-Level Cohort Effects of Human Capital?

2008 • 32 citations

Labor Turnover Before Plant Closure: 'Leaving the Sinking Ship' vs. 'Captain Throwing Ballast Overboard'

2008 • 31 citations

Geography vs. Institutions at the Village Level

2008 • 23 citations

Stochastic optimization in continuous time

2004 • 21 citations

On the Theory of Rational Insurance Purchasing in a Continuous-Time Model

1988 • 16 citations

Insurance, Consumption, and Saving: A Dynamic Analysis in Continuous Time

2004 • 12 citations