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fatality probability. Estimation results further suggest that the fatality risk is even higher if the striking vehicle is a … light truck (SUV, pickup truck, or minivan). We calculate that the value of the external risk generated by the gain in fleet …
Persistent link: https://www.econbiz.de/10013123307
-contribution (DC) plans that typically contain a minimum benefit guarantee (DC-MB). Risk management techniques must be used to control …-funding is very effective in controlling guarantee costs in traditional DB plans, it is highly ineffective for DC-MB plans. This … the Samp;P500. Calculations show that the true risk-adjusted value of unfunded guarantees in a realistic DC-MB plan equals …
Persistent link: https://www.econbiz.de/10012787366
I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount of time, effort, and materials that will ultimately be required to...
Persistent link: https://www.econbiz.de/10012774773
find that clinic violence reduces abortion services in targeted areas. Once travel is taken into account, however, the …
Persistent link: https://www.econbiz.de/10013135211
Two central topics in recent rounds of international trade negotiations have been environmental concerns, and services … trade. While each is undoubtedly important, they are unrelated. In this paper I show that the services-environment link is … small, for two reasons. First, services account for only a small fraction of overall pollution. For none of five major air …
Persistent link: https://www.econbiz.de/10013071207
have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10013249187
A new interest in the role of services in world transactions has been generated by the current efforts of the U. S …. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of … economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been …
Persistent link: https://www.econbiz.de/10013249709
-collar services, or do these issues call for an entirely fresh approach? I try to identifying some of the important aspects of this … offshoring of white-collar services to occur …
Persistent link: https://www.econbiz.de/10013231442
This study examines two innovative efforts to provide union services to workers with the aid of low cost Internet … information to improve the services they give workers. Combining the two innovations could be a step toward a new quot …;open sourcequot; union form that provides union services at low cost outside of collective bargaining …
Persistent link: https://www.econbiz.de/10012772322
In this paper we revisit two well-known facts regarding lifecycle expenditures. The first is the familiar quot;humpquot; shaped lifecycle profile of nondurable expenditures. We document that the behavior of total nondurables masks surprising heterogeneity in the lifecycle profile of individual...
Persistent link: https://www.econbiz.de/10012751573