of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment …

This paper analyzes the expenditure policy of the public sector and risk in a two-country stochastic AK growth model … public spending on productivity and risk diversification. …

paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper …

We introduce an axiomatic definition of a conditional convex risk mapping. By employing the techniques of conjugate … duality we derive properties of conditional risk mappings. In particular, we prove a representation theorem for conditional … risk mappings in terms of conditional expectations. We also develop dynamic programming relations for multistage …

one of them will have to pass a test of correctness. More than ever, the risk management will be an important part of the …