Showing 1 - 10 of 20
question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …
Persistent link: https://www.econbiz.de/10011126328
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …
Persistent link: https://www.econbiz.de/10010744849
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using … a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard …
Persistent link: https://www.econbiz.de/10010746203
The objective of this paper is to propose a model to assess risk for banks. Its main innovation is to incorporate … endogenous interaction between banks, recognising that the actual risk to which an individual bank is exposed also depends on its … data and therefore can be implemented as a risk assessment tool for financial regulators and central banks. We address the …
Persistent link: https://www.econbiz.de/10010745460
This paper proposes a measure of financial fragility that is based on economic welfare in a general equilbrium model calibrated against UK data. The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default. We...
Persistent link: https://www.econbiz.de/10010745512
Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …
Persistent link: https://www.econbiz.de/10010744830
the five domains (social, ethical, gambling, recreational and investment risk-taking). Evidence for a mechanism that … choice behaviour. We assessed perceptions and behaviours in six domains (ethical; investment; gambling; health and safety … recreational risk-taking). In addition, perceived costs and benefits mediated the relations between personality and risk-taking in …
Persistent link: https://www.econbiz.de/10010745760
To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the contention increasingly made that climate damage could be so large that societal willingness to pay to avoid extreme...
Persistent link: https://www.econbiz.de/10010746080
financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …
Persistent link: https://www.econbiz.de/10010746470
alternative with constant risk level implies a higher level of inequality aversion. The experiment was conducted among 211 eight …Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presents exploratory research …
Persistent link: https://www.econbiz.de/10010746509