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We consider the risk premium demanded by a decision maker in order to be indifferent between obtaining a new level of wealth with certainty, or to participate in a lottery which either results in unchanged wealth or an even higher level than what can be obtained with certainty. We study...
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We consider the risk premium demanded by a decision maker in order to be indifferent between obtaining a new level of wealth with certainty, or to participate in a lottery which either results in unchanged wealth or an even higher level than what can be obtained with certainty. We study...
Persistent link: https://www.econbiz.de/10005579538
HANSEN F. and JENSEN-BUTLER C. (1996) Economic crisis and the regional and local economic effects of the welfare state: the case of Denmark, Reg. Studies 30, 167-187. The paper presents an analysis of the regional and local economic role of the Danish welfare state during a prolonged period of...
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