Showing 1 - 10 of 124,406
In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk … wide set of research questions concerning why China and Europe relied on different social organizations for risk sharing. …
Persistent link: https://www.econbiz.de/10015063916
Taking into account that it is in the nature of the modern corporat ion that risks are distributed over several agents, we discuss in this paper the organisational behaviour as it results from such dispersal of responsibilities for both the principal and the agent. We explore the hypothesis that...
Persistent link: https://www.econbiz.de/10011795459
This study reviews the trend of top-cited risk publications in the field of agricultural economics. The publication … better understanding of trends in agricultural risk and agricultural economics research, and indicate the direction for …
Persistent link: https://www.econbiz.de/10012998400
between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … to their own firm and by reducing firm-level risk-taking. Furthermore, our results support the hypothesis that CEO risk …
Persistent link: https://www.econbiz.de/10012947474
the principal and the agent are prudent (or downside risk averse). We show that optimal incentive pay should then be … `approximately concave' in performance, the approximation being closer the more downside risk averse the principal is compared to the … investigate the tradeoff between downside risk sharing and incentives …
Persistent link: https://www.econbiz.de/10012975659
We consider weather risks arising from unexpected variability of weather conditions faced by clothing industry. Weather would influence much on the demand of clothes. Also clothes are purchased according to the taste as well as the necessity of consumers. Hence, consumers’ buying activity...
Persistent link: https://www.econbiz.de/10014178784
Downside and deviation risk measures are becoming more and more important in many disciplines with clear interfaces … applications (risk management, portfolio selection, pricing and hedging, etc.), but, to the best of our knowledge, bidual … linearize many problems will be proved, with special focus on risk optimization. This is important because there are very …
Persistent link: https://www.econbiz.de/10013251108
investment returns and risk, provide an attractive and effective alternative to traditional guaranteed life annuity products …. While longevity risk sharing in pooled annuities has received recent attention, incorporating investment risk beyond fixed …, while reducing pooled annuity income volatility and downside risk, as well as an investment strategy that reduces exposure …
Persistent link: https://www.econbiz.de/10013363078
Longevity risk is the risk that the promised recipient of lifetime cashflows ends up living much longer than originally … anticipated, thus causing a shortfall in funding. A related risk, reimbursement risk is the risk that providers of health … could be used to hedge some forms longevity risk on a retirement portfolio. Using the same framework, we then show how RBO …
Persistent link: https://www.econbiz.de/10012998216
One of the most significant economic developments of the past decade has been the development of innovative risk … risk …
Persistent link: https://www.econbiz.de/10013006692