Showing 1 - 10 of 454
of refineries partially offsets the large reduction in consumer surplus. As the theory predicts, these shocks have a …
Persistent link: https://www.econbiz.de/10009450802
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
La correlación entre los ciclos económicos depende del estado de la economía y es más alta en recesiones que en expansiones. En este documento sugiero un mecanismo para explicar la causa. Para este propósito, construyo un modelo de ciclo económico real internacional con restricciones de...
Persistent link: https://www.econbiz.de/10012548703
This dissertation analyzes pricing under uncertainty focusing on the U.S. airlineindustry. It sets to test theories of price dispersion driven by uncertainty in the demandby taking advantage of very detailed information about the dynamics of airlineprices and inventory levels as the flight date...
Persistent link: https://www.econbiz.de/10009464914
Bucket pricing entails a prepaid price and a maximum consumption limit, which requires consumers to make advance purchase decisions before their consumption needs are fully revealed. We propose a dynamic model that involves how consumers form expectations of future consumption needs, learn to...
Persistent link: https://www.econbiz.de/10009441184
Many investment decisions of agribusiness firms such as when to invest in an emerging market or whether to expand the capacity of the firm involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting an...
Persistent link: https://www.econbiz.de/10009442866
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior … under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study …
Persistent link: https://www.econbiz.de/10009468391