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В статье рассматриваются методологические основы изменения стратегии восприятия и оценки рисков в социальном управлении. В информационном обществе риски...
Persistent link: https://www.econbiz.de/10011235590
crisis. This paper studies a crisis due to an alert concerning a risk of listeria on a raw milk camembert brand. The … investigation relies on individual data. Two results of risk economy are confirmed. Firstly, information has asymmetric effects …
Persistent link: https://www.econbiz.de/10010780322
the efficiency of the risk sharing mechanism. We demonstrate that in economies with production, information may have … negative value even though no risk sharing markets exist. As a rule of thumb the value of information tends to be lower the … inefficient risk allocation the Blackwell Theorem generalizes to full equilibrium. …
Persistent link: https://www.econbiz.de/10005647259
We discuss how to detect the informational content of household decisions among the explanatory variables of econometric models. Two applications to the choice of automobile insurance contracts and the demand for life insurance are provided. We show that the information provided by additional...
Persistent link: https://www.econbiz.de/10005660699
What is the relationship between an agent's attitude towards information, and her attitude towards risk? if an agent …
Persistent link: https://www.econbiz.de/10005663675
risk-aves agents. In this framework, deposits are needed to provide insurance against investors'unexpected demand for …
Persistent link: https://www.econbiz.de/10005669260
We propose a model in which economic relations and institutions in advanced and less developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentiv es to managers and entrepreneurs. We argue that...
Persistent link: https://www.econbiz.de/10005587319
Persistent link: https://www.econbiz.de/10005774086
In this paper we show how a shift in a return distribution affects the composition of an optimal portfolio in the case of one riskless asset and two risky assets. We obtain that, in general, such a shift modifies the composition of themutual fund. We also show that the separating conditions...
Persistent link: https://www.econbiz.de/10005775621
Persistent link: https://www.econbiz.de/10005776924