In today's economies those who sustain the burden of resource use, those using resources and those providing resources are not necessarily identical. With this separation come three fundamental but interrelated decision-making perspectives on the sustainability assessment of resource use. These...

This paper studies risk premia in an incomplete-markets economy with households facing idiosyncratic consumption risk. If the dispersion of idiosyncratic risk varies over the business cycle and households have preference for early resolution of uncertainty, asset prices will be affected not only...

Entrepreneurial performance is almost always confounded with firm performance. In this paper we argue for an instrumental view of the firm by formally showing that entrepreneurs can amplify their expected success rates by designing their careers as temporal portfolios that exploit contagion...