of assets with short-selling where there is risk and ambiguity. Agents have Bewley’s incomplete preferences. As an … of the risk adjusted sets of probabilities intersect. The more risk averse, the more ambiguity averse the agents, the …

, and political risk affect the performance, risk-taking behavior and compensation fees of mutual funds. Overall, the … results show strongly that legal conditions, culture, and political risk have robust differential effects on fees, performance … and risk-taking behavior of Islamic funds and conventional funds. We find that Islamic mutual funds in countries with …

and Stiglitz 'model. In this case, we show that the optimal contract exhibits a deductible for the high health risk type … low health risk type. …

committee’s meetings. The risk of losing face, which is not felt in the same way by the attendees depending on their status, is … a central motivation for this phenomenon. Directors perceive a risk that their impressions are cynically managed. Then … reflexive social control: the actors who report to the committee criticize themselves. Risk leads them to self-discipline; Trust …

indeed provide liquidity, is challenged by the price risk they bear due to their inventory. In this paper, we provide optimal …