changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …

. 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 …

-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …

This paper deals with dynamic interdependence between wealth and health in a dynamic general equilibrium theory. The … equilibrium theory and neoclassical growth theory. Zhang’s utility function is applied to describe behavior of households. In our …

This paper deals with dynamic interdependence between wealth and health in a dynamic general equilibrium theory. The … equilibrium theory and neoclassical growth theory. Zhang’s utility function is applied to describe behavior of households. In our …

income risk. The survey coincided with a period of severe drought, so that the results provide direct evidence on the …. In particular, there is almost no risk sharing, and households rely almost exclusively on self-insurance in the form of … adjustments to grain stocks to smooth out consumption. The outcome, however is far from complete smoothing. Hence the main risk …