vector space belonging to a general class of such spaces. Given this outcome space,he defines general classes of (a) risk … certainty equivalent outcomes corresponding to a lottery, (c) multi-valued mappings that yield the risk premia corresponding to … results to the problem of computing the value of financial assets to a risk averse decision-maker and show that this value …

risk requires individual-specific learning (e.g. resolving the uncertainty about matching to an employer), and (c) some … migrants are close to subsistence and the risk of failure is very costly. A model with these features is tested by examining … heterogeneity in take-up and re-migration, and by conducting a new experiment with a migration insurance treatment. Several pieces …

The study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment …

The construction of large dams is one of the most costly and controversial forms of public infrastructure investment in … estimates suggest that large dam construction in India is a marginally cost-effective investment with significant distributional …