In this article we study coherent risk measures in general economic models where the set of financial positions is an ordered Banach space E and the safe asset an order unit x0 of E. First we study some properties of risk measures. We show that the set of normalized (with respect to x0) price...

Why do rent, wage, and sharecropping contracts exist simultaneously? One possibility is that contract types distinguish between workers with different endowments of managerial ability. This article describes an empirical test of the link between managerial ability and contract choice.