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Human Genetic Diversity and Comparative Economic Development

Ashraf, Quamrul; Galor, Oded - C.E.P.R. Discussion Papers - 2008

This research contributes to the understanding of human genetic diversity within a society as a significant determinant of its economic development. The hypothesis advanced and empirically examined in this paper suggests that there are socioeconomic trade-offs associated with genetic diversity...

Persistent link: https://www.econbiz.de/10005123897

The 'Out of Africa' Hypothesis, Human Genetic Diversity, and Comparative Economic Development

Ashraf, Quamrul; Galor, Oded - C.E.P.R. Discussion Papers - 2011

This research argues that deep-rooted factors, determined tens of thousands of years ago, had a significant effect on the course of economic development from the dawn of human civilization to the contemporary era. It advances and empirically establishes the hypothesis that, in the course of the...

Persistent link: https://www.econbiz.de/10009209826

Risk Taking and Optimal Contracts for Money Managers

Palomino, Frédéric; Prat, Andrea - C.E.P.R. Discussion Papers - 1999

not only effort exertion but also risk taking behavior. The moral hazard problem with risk taking involves an incentive … exertion but also risk taking behavior. The moral hazard problem with risk taking involves an incentive …Recent empirical work suggests a strong connection between the incentives money managers are offered and their risk …

Persistent link: https://www.econbiz.de/10005504241

Specific Knowledge and Performance Measurement

Raith, Michael - C.E.P.R. Discussion Papers - 2004

choice of performance measures and incentives depends on the agent’s knowledge, environmental risk, technological uncertainty …

Persistent link: https://www.econbiz.de/10005504471

Courts of Law and Unforeseen Contingencies

Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - C.E.P.R. Discussion Papers - 2001

We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...

Persistent link: https://www.econbiz.de/10005504519

Liability for Past Environmental Contamination and Privatization

Earnhart, Dietrich - C.E.P.R. Discussion Papers - 2000

Central and Eastern Europe. The theoretical section establishes a link between a risk-averse investor’s amount of information … faces less risk; therefore, the investor’s risk premium falls and the investor’s bid rises. This link generates four …

Persistent link: https://www.econbiz.de/10005504606

More Evidence on the Dollar Risk Premium in the Foreign Exchange Market

Bams, Dennis; Walkowiak, Kim; Wolff, Christian C - C.E.P.R. Discussion Papers - 2003

In this article, we develop and estimate an econometric panel data model to capture the common dynamics in dollar risk … premia in various forward foreign exchange rates. The common component in the dollar risk premia is highly significant and …-related common component. Our evidence also suggests that the three different foreign currencies’ dollar risk premia ‘respond’ to the …

Persistent link: https://www.econbiz.de/10005497706

The Econometric Analysis of Risk Terms

Pagan, Adrian; Ullah, Aman - C.E.P.R. Discussion Papers - 1986

This paper provides a critical survey of the methods employed to model the effects of risk in econometric models. Most … procedure used in the paper is to directly estimate the conditional variance (risk) by non-parametric estimators. Applications … are made to foreign exchange markets, interest rates and unemployment/inflation risk relations. …

Persistent link: https://www.econbiz.de/10005498189

Agricultural Decisions after Relaxing Credit and Risk Constraints

Karlan, Dean S.; Osei, Robert; Osei-Akoto, Isaac; Udry, … - C.E.P.R. Discussion Papers - 2012

to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face … basis risk associated with the index insurance, and with imperfect trust that promised payouts will be delivered. …

Persistent link: https://www.econbiz.de/10011083318

Vertical Exclusion with Endogenous Competiton Externalities

Hansen, Stephen; Motta, Massimo - C.E.P.R. Discussion Papers - 2012

consumers, an upstream firm posts public bilateral contracts. When downstream firms are risk-neutral without wealth constraints …, the upstream firm offers the input to all retailers. When they are sufficiently risk averse it sells to one, thereby … eliminating externalities among downstream firms that necessitate the payment of risk premia. By similar reasoning exclusion is …

Persistent link: https://www.econbiz.de/10011083463