to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face …The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …

fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account … included the absence of deposit insurance, the unit-banking regulations that prevented the diversification of financial risk …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …

The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …

analyzes how compensation schemes change in reaction to anticipated bail-outs. If there is a risk-shifting problem, bail …-out expectations lead to steeper bonus schemes and even more risk-taking. If there is an effort problem, the compensation scheme …

We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship …

investment and payout policies. We develop a dynamic general equilibrium model to study the asset pricing and welfare … incentives to overinvest, lower Tobin’s q, higher return volatility, larger risk premium, and higher interest rate, consistent …: countries with higher investment-capital ratios have both larger variance of GDP growth and larger variance of stock returns. …

incorporated into prices, inefficient projects are not canceled, leading to overinvestment. …

, consumption and investment after two years around 0.5%, 0.3% and 1.5% respectively. Uncertainty on the other economic policies has …