Central and Eastern Europe. The theoretical section establishes a link between a risk-averse investor’s amount of information … faces less risk; therefore, the investor’s risk premium falls and the investor’s bid rises. This link generates four … this paper proposes to test these hypotheses with forthcoming analysis using data from the Czech Republic. …

Recent empirical work suggests a strong connection between the incentives money managers are offered and their risk … not only effort exertion but also risk taking behavior. The moral hazard problem with risk taking involves an incentive …-compatibility constraint on risk, which we characterize. We distinguish between one period and several periods. In the former case, under mild …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …

catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable … management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the … issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the …