explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk-sharing, and formal … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …

experiences of online risk among children, the affordances of SNS lend support to this possibility, attracting much policy and … second hypothesis stated that SNS users with more digital competence will encounter more online risk than those with less …) will encounter more online risk than those with fewer risky practices: this too was supported by the data; thus what …