find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …

regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

our findings in the framework of a theoretical model in which risk affects the size of the social sector and in which …

In this paper, we construct alternative theoretical models for exchange rates by introducing additional risk factors … macroeconomic sources of FOREX risk may be a missing factor in the exchange rate study. …

wherin a state s representative individual may choose to marry in order to diversify his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state s initial income and growth rate is lower. A test of the model s predictions …, using cross-sectional data for the 50 U.S. states, suggests that there is broad support for a risk sharing motive for …

labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public …

This paper reviews three important issues in the literature on international and intranational risk sharing. First, we … establish a comprehensive se t of stylized facts for consumption risk sharing within and across countries. Consistent with the … output. As pointed to by Backu s, Kehoe and Kydland (1993), this constitutes a violation of complete international risk …