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shown that uninsurable risks in labor income distort educational investment of risk-averse individuals. We point out that … with inefficient educational investment under risk educational policy is needed only when social insurance in forms of …
Persistent link: https://www.econbiz.de/10009471820
A methodology for the conceptual design phase risk assessment of an aerospace system was proposed. The method was … designed to examine political, social, and economic risk over a systems lifecycle through the use of future scenarios to bound … political, social, and economic risk during conceptual level design, and that this information can be used to aid in design down …
Persistent link: https://www.econbiz.de/10009475961
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
This dissertation focuses on monetary policy rules in the OECD countries at both theoretical and empirical levels. It is divided into seven chapters.Chapter 1 presents some recent literature on monetary policy rules and introduces the goal and organization of this dissertation.Chapter 2 explores...
Persistent link: https://www.econbiz.de/10009452583
significantly in the current crisis, and investors have become aware of the possible consequences of being exposed to credit risk … takes into account the investor's personal risk aversion and which is not affected by the lack of liquidity. Through … CDS spreads. In the first part we examine how these quantities are affected by risk aversion under different models of …
Persistent link: https://www.econbiz.de/10009455297
, wenn die Modellierung der Ökonomie unsicher ist. Wenn ein Modell um einen Parameter erweitert wird, kann das Modell dadurch …
Persistent link: https://www.econbiz.de/10009467257
deregulation. Accurate forecasting is essential for designing bidding strategy, risk management, and market operation. However, due … substantively outperforming others. Therefore, when a single method is used, decision-makers are facing the risk of not choosing the …
Persistent link: https://www.econbiz.de/10009448705
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian Model Averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10012530307