Showing 1 - 10 of 16
related to environmental risk factors, organizational risk factors and use of precautionary principle are discussed. Ce …
Persistent link: https://www.econbiz.de/10005838746
income generated almost regardless of risk, with negligent and faulty risk measurement and unjustified risk taking as …
Persistent link: https://www.econbiz.de/10009004914
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …
Persistent link: https://www.econbiz.de/10011183755
Measuring and managing the risk associated with any decision has become an inescapable element of the decision …-making process in organizations, whether public or private. Risk management is a central preoccupation of CIRANO and a recent … initiative in that area directly addresses risks associated with healthcare.<br><br>The network for risk management, patient …
Persistent link: https://www.econbiz.de/10008568664
This paper distinguishes relative risk aversion and resistance to intertemporal substitution in climate risk modeling …. It shows that higher risk aversion increases the optimal carbon tax. Higher resistance to intertemporal substitution … alone has the same effect as increasing the discount rate, provided that the risk is not too large. We discuss implications …
Persistent link: https://www.econbiz.de/10005169013
We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …
Persistent link: https://www.econbiz.de/10004988529
In this report, we first develop a simplified example that illustrates the importance of considering the option ``waiting to invest'' when valuing an investment. This is followed by a short description of other options that could be embedded in an investment opportunity. In order to stress the...
Persistent link: https://www.econbiz.de/10005100465
The following project report is the first of a sequence which will focus on integrated risk management. This report … presents a conceptual model which goal is to define the concept of risk. This conceptual model integrates the definitions of … multiple domains having an interest in risk management. With the model, a terminology is proposed. This conceptual model is a …
Persistent link: https://www.econbiz.de/10005100486
This document deals with business processes performed by two or more trade partners. Companies expect many benefits from the integration of such processes: cost reduction, better access to their customers and suppliers, and even more flexible types of interactions. However, the integration of...
Persistent link: https://www.econbiz.de/10005100491
classical studies on voluntary contributions to public goods. The Nash equilibrium, under the assumption of risk neutrality …
Persistent link: https://www.econbiz.de/10005100545