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We examine the statistical performance of inequality indices in the presence of extreme values in the data and show that these indices are very sensitive to the properties of the income distribution. Estimation and inference can be dramatically affected, especially when the tail of the income...
Persistent link: https://www.econbiz.de/10010750417
) conflicting issues of production and preservation and iii) robustness with respect to dynamics uncertainties. More specifically …
Persistent link: https://www.econbiz.de/10011025654
desirable properties of risk measures like coherence, comonotonic additivity, robustness and elicitability. We check VaR, ES and …
Persistent link: https://www.econbiz.de/10010821003
is a compound measure of publications and citations. We show the robustness of this index. This means that h …
Persistent link: https://www.econbiz.de/10008791732
We consider the classical risk model and carry out a sensitivity and robustness analysis of finite-time ruin …
Persistent link: https://www.econbiz.de/10008791834
The classical risk model is considered and a sensitivity analysis of finite-time ruin probabilities is carried out. We prove the weak convergence of a sequence of empirical finite-time ruin probabilities. So-called partly shifted risk processes are introduced, and used to derive an explicit...
Persistent link: https://www.econbiz.de/10008792404
This paper measures the effects of food price shocks on both the level of household consumption per capita and the instability of the household consumption per capita growth rate in developing countries. In this vein, the paper explores the role of aid and remittance inflows in the mitigation of...
Persistent link: https://www.econbiz.de/10009211250
along which societies and economies evolve over time in such a way as to cover sufciently diferent vulnerability patterns … take into account the most relevant factors that defne the vulnerability of human systems to climate change and their …
Persistent link: https://www.econbiz.de/10009372639
of the paper is the use of an ex ante food vulnerability estimate. Vulnerability is defined as the probability of falling … below a given threshold in the future. After constructing a vulnerability variable for each household, we run three separate …-employment), in order to evaluate the impact of vulnerability on participation to the non-agricultural sector. We take into account …
Persistent link: https://www.econbiz.de/10010750552
simulation. Twelve vulnerability and externality indexes regarding social-economic-environmental dimensions are calculated to … assess vulnerability levels of the sector in seven scenarios. External costs of CO2, NOx, SO2 and PM10 are calculated to …
Persistent link: https://www.econbiz.de/10010698399