Showing 1 - 10 of 206
The decision how to share resources with others often needs to be taken under uncertainty on its allocational … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences … not exposed to risk while beneficiaries' final earnings may be larger or smaller than the allocation itself, depending on …
Persistent link: https://www.econbiz.de/10012966905
We employ a parsimonious nonlinear Interacted-VAR to examine whether the real effects of uncertainty shocks are greater … when the economy is at the ZeroLower Bound. We find the contractionary effects of uncertainty shocks to be statistically … between uncertainty shocks and the stance of monetary policy …
Persistent link: https://www.econbiz.de/10012947624
We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two …-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player … less able but less risk averse contestant can achieve an equal or even higher probability of winning than a more able but …
Persistent link: https://www.econbiz.de/10012949244
empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss … rules shift some risk to the government; and second, the tax rate has a positive effect on risk-taking for firms that expect …
Persistent link: https://www.econbiz.de/10012950288
From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive … has roots in fundamentals. Higher market risk predicts greater idiosyncratic earnings volatility as well as dispersion and … errors in analysts' earnings forecasts. Firm characteristics related to the ability of firms to adjust to higher uncertainty …
Persistent link: https://www.econbiz.de/10012950299
' risk – including based on diagnostic information. We investigate responses of German health plans to the introduction of … morbidity-based risk adjustment in the Statutory Health Insurance in 2009, which triggers payments based on “validated … of the change in the share and number of validated diagnoses for ICD codes that are inside or outside the risk adjustment …
Persistent link: https://www.econbiz.de/10012953706
Court delays are a frequent concern, yet what explains court case duration remains incompletely understood. We study the time to court case resolution by drawing on a detailed case-level dataset of civil suits filed at a major Belgian court. We utilize the competing risks regression framework to...
Persistent link: https://www.econbiz.de/10012955284
Using high-resolution data from Africa over the period 1998-2012, this paper investigates the hypothesis that a higher exposure to malaria increases the incidence of civil violence. The analysis uses panel data at the 1o grid cell level at monthly frequency. The econometric identification...
Persistent link: https://www.econbiz.de/10012956892
risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that …
Persistent link: https://www.econbiz.de/10013019415
the period 1972:1-2014:12 to forecasts our tail risk indicators with each model in pseudo-real time. Our key finding is …
Persistent link: https://www.econbiz.de/10013024363