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Strategic versus financial investors : the role of strategic objectives in financial contracting
Arping, Stefan; Falconieri, Sonia - 2009
penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10011378146
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Banking competition and soft budget constraints : how market power can threaten discipline in lending
Arping, Stefan - 2012
Persistent link: https://www.econbiz.de/10010190982
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Expected utility and catastrophic risk
Ikefuji, Masako; Laeven, Roger; Magnus, Jan R.; Muris, Chris - 2014
An expected utility based cost-benefit analysis is in general fragile to its distributional assumptions. We derive necessary and sufficient conditions on the utility function of the expected utility model to avoid this. The conditions ensure that expected (marginal) utility remains finite also...
Persistent link: https://www.econbiz.de/10010412466
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Weighted sums of subexponential random variables and asymptotic dependence between Returns on reinsurance equities
Geluk, J. L.; Vries, Casper G. de - 2004
and retrocession practices in the reinsurance industry expose different reinsurers to the same subexponential risks on …
Persistent link: https://www.econbiz.de/10011337998
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Global loss diversification in the insurance sector
Sheremet, Oleg; Lucas, André - 2008
Persistent link: https://www.econbiz.de/10003762628
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Climate change skepticism in the face of catastrophe
Kagan, Mark - 2012
Persistent link: https://www.econbiz.de/10009724352
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Do floods have permanent effects? : evidence from the Netherlands
Husby, Trond G.; Groot, Henri L. F. de; Hofkes, Marjan W.; … - 2013
This study investigates the short- and long-run impact on population dynamics of the major flood in the Netherlands in 1953. A dynamic difference-in-differences analysis reveals that the flood had an immediate negative impact on population growth, but limited long term effects. In contrast, the...
Persistent link: https://www.econbiz.de/10010224822
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Macroeconomic disasters and forward-looking consumers : historical evidence and evidence from the Covid-19 pandemic
Pozzi, Lorenzo; Sadaba, Barbara - 2021
in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more … forward-looking and therefore give more weight to these expectations during disaster times. Our theoretical framework implies … higher during disaster episodes. We check this both for past disasters and the current Covid-19 pandemic through the …
Persistent link: https://www.econbiz.de/10012511037
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Dynamics in Aceh and North Sumatera after the twin disasters
Brata, Aloysius Gunadi; Groot, Henri L. F. de; … - 2013
Persistent link: https://www.econbiz.de/10010191317
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Flooded house or underwater mortgage? : the implications of climate change and adaptation on housing, income, and wealth
Straten, Yasmine van der - 2023
I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage their housing capital and physical capital, respectively....
Persistent link: https://www.econbiz.de/10014233371