This paper studies the decision problem of risk averse single-output producers and suppliers under uncertainties in … input prices, in a two-moment decision model with the presence of a dependent background risk. This framework is based on … theoretical framework for studying producers' responses to risks allows not only for analysing risk averse suppliers' attitude …

labor-income risk can explain much of this risk-taking pattern. Uncontrollable labor-income risk stresses middle …, middle-income households reduce (controllable) financial risk. Richer households, having less pressure, can afford more risk …-taking. The poor take low risk because they avoid jeopardizing their subsistence consumption. …

Firms seem to care a lot about "risk management": the practice of hedging risks whether they are correlated with market … risk or not. The standard reasons why widely held corporations might be averse to idiosyncratic risk are based on the …: idiosyncratic risk makes business decisions more difficult. Risk can increase the value of investment projects because of option …

This paper deals with the risk of opportunism – the usual risk in economic exchanges. The breach of contract is … sciences. Our discussion deals with the current knowledge of the ways societies are coping with the risk of opportunism … economics or economic sociology is a necessary and valuable ingredient for theories of contractual risk. Without our knowledge …

chains, we show how to optimally manage risk by choosing between different responsibility management strategies. For external ….” For researchers, we provide a modeling framework to study responsibility and risk manage- ment problems in multitier …

risk management in the agri-food sector. First, it specifies the diverse types of agri-food risks (natural, technical … the efficiency of risk management and identifies the factors (personal, institutional, dimensional, technological, and … natural) of governance choice. Next, it presents stages in the analysis of risk management and the improvement of public …

uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm … always chooses its optimal debt-equity ratio to minimize the weighted average cost of capital, irrespective of the risk …. When the background risk is either additive or multiplicative, we provide reasonable restrictions on the firm's preferences …

inherent their geographic dispersion and organizational fragmentation. It first lays out the sources of risk and their …