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The safe carbon budget
Ploeg, Frederick van der - 2017 - Revised August 2017
or 1.5oC. The safe carbon budget is lower if uncertainty about the transient climate response is high and risk tolerance …
Persistent link: https://www.econbiz.de/10011717248
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Climate change risk, and human behavior : theory and evidenc
Dhami, Sanjit S.; Hajimoladarvish, Narges; Mamidi, Pavan - 2023 - This Version: October 2023
of a climate catastrophe. We derive the theoretical predictions of the effects on contributions arising from 'behavioral …
Persistent link: https://www.econbiz.de/10014391321
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Collective risk-taking decisions with heterogeneous beliefs
Gollier, Christian - 2003
Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...
Persistent link: https://www.econbiz.de/10011507677
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Taxation and corporate risk-taking
Langenmayr, Dominika; Lester, Rebecca - 2017
We study whether the corporate tax system provides incentives for risky firm investment. We analytically and 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...
Persistent link: https://www.econbiz.de/10011688417
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Bank bonus pay as a risk sharing contract
Efing, Matthias; Hau, Harald; Kampkötter, Patrick; … - 2019
We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that make external financing costly, the optimal contract between shareholders and employees involves some degree of risk sharing whereby bonus pay partially absorbs earnings shocks....
Persistent link: https://www.econbiz.de/10011966886
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Do male managers increase risk-taking of female teams? : evidence from the NCAA
Böheim, René; Freudenthaler, Christoph; Lackner, Mario - 2019
We analyze the effect of the coach's gender on risk-taking in women sports teams using data taken from National Collegiate Athletic Association (NCAA) basketball games. We find that the coach's gender has a sizable and significant effect on risk-taking, a finding that is robust to several...
Persistent link: https://www.econbiz.de/10011977094
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Financial risk-taking under health risk
Bos, Björn; Drupp, Moritz A.; Meya, Jasper; Quaas, … - 2023
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a representative sample of more than 5,000 Germans in five panel waves during the COVID-19 pandemic. Exploiting variation in local infections across time and space, we find that an...
Persistent link: https://www.econbiz.de/10014252316
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Competition and risk taking in local bank markets : evidence from the business loans segment
Canta, Chiara; Nilsen, Øivind Anti; Ulsaker, Simen A. - 2023
This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on observed market shares, we use the distance between bank...
Persistent link: https://www.econbiz.de/10014284697
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Is Western European agriculture resilient to high temperatures?
Massetti, Emanuele; Van Passel, Steven; Apablaza, Camila - 2018
agriculture is likely to be smooth. …
Persistent link: https://www.econbiz.de/10011922161
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Does climate change make foodgrain yields more unpredictable : evidence from India
Verma, Saumya; Gupta, Shreekant; Sen, Partha - 2020
How would climate change affect India’s agriculture which accounts for sixty percent of employment? We study the impact … of climate change on the level and variability of yields of rice (India’s major food crop) and two key millet crops … estimated with exogenous climate anomalies. We find that climate change adversely affects both the level and variability of crop …
Persistent link: https://www.econbiz.de/10012177019