for payments for Reducing Emissions from Deforestation and Forest Degradation (REDD). Given that REDD will not represent a … the relative combination of fixed and variable payments. After developing the general model, it is is applied to REDD …

ignoring the dynamic nature of credit risk could lead to a severe underestimation of credit risk (e.g. by a factor of up to 1 …Recovery rates are negatively related to default probabilities (Altman et al., 2005). This paper proposes and estimates … a model in which this dependence is the result of an unobserved credit cycle: When times are bad, the default …

do capture some aspects of this but produce excessively smooth results. Third, it would be of interest for policy makers …-high correlation state. A wider implication of our findings is that accumulation of stocks might alter agents risk preferences …

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 …

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 …

recreational risk-taking). In addition, perceived costs and benefits mediated the relations between personality and risk-taking in … the five domains (social, ethical, gambling, recreational and investment risk-taking). Evidence for a mechanism that …

Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …