Showing 1 - 10 of 162
Roy’s safety-first rule is used to provide measures popular with farmers of short and long term business risk … inter-year financial risk than other commonly used criteria. Results revealed that speed of adoption influenced the … greater chance of transition success. Slow acreage expansion with a custom or rental drill reduces risk until a no-till yield …
Persistent link: https://www.econbiz.de/10005407764
The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in economic behaviour more generally. This paper argues that the observed fairness levels are contingent on the traditional experimental design where players are newly matched each...
Persistent link: https://www.econbiz.de/10005408237
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …
Persistent link: https://www.econbiz.de/10005062333
rational expectations even if time-varying but stationary term premia are allowed for. A hypothesis of rational learning about … employment, namely to measure the market perception of aggregate level of future risk in the economy. Implications for economic …
Persistent link: https://www.econbiz.de/10005412568
strategic incentives for either government or regulated entities. Consideration of both exogenous risk (uncontrollable) and … endogenous risk (concerns about policy credibility) suggests that permits should be auctioned several years in advance of use … all risk to be pooled and managed as efficiently as possible within the private sector. For endogenous risk, it creates a …
Persistent link: https://www.econbiz.de/10005407778
From the model of Hobijn and Jovanovic (2001), we modelize a technological shock with uncertainty. We assume that this … technological shock appears in the shape of new firms. Only a part of these firms will be productive. Uncertainty relates to the … identification of the viable firms. This uncertainty decreases with the time and the diffusion of fundamentalist information that …
Persistent link: https://www.econbiz.de/10005561579
NEED TO RECONSIDER OUR ACTIONS/DECISIONS WITH RISK AND TROUBLES, SO 'TRUSTING' IS GOING TO HAVE AN IMPORTANT ROLE AS … AND WE WONT TO AVOID THE RISK OF BEING DECEIVED. THESE SOCIAL INTERACTIONS ARE PRECONDITIONS THAT HAVE MANY CONSEQUENCES …
Persistent link: https://www.econbiz.de/10005126102
learning sets in, some firms start to adopt previously unexplored technologies so that their new goods fit consumers …
Persistent link: https://www.econbiz.de/10005407691
Social learning models of investment provide an interesting alternative explanation for sudden changes in investment … behaviour. Caplin and Leahy (1994) develop a model of social learning in which agents learn about the true state of demand from … significant new technology appear to be influenced by social learning because they are more likely to suspend their investment …
Persistent link: https://www.econbiz.de/10005412756
The diffusion of health care technology is influenced by both the total market share of managed care organizations as well as the level of competition among them. This paper differentiates between HMO penetration and competition and examines their relationship to the adoption of cardiac...
Persistent link: https://www.econbiz.de/10005007503