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the efficiency of these instruments in terms of their utility in risk reduction, and the effort incentives created. …
Persistent link: https://www.econbiz.de/10015327700
Climate risk refers to the risks associated with climate change and has already started to impact various sectors of … the economy. In this work, we focus on the impact of physical risk on the probability of default for a firm in the … of default. We also propose a model to assess the exposure of the firm to transition risk. …
Persistent link: https://www.econbiz.de/10015137901
Under state-dependent preferences, probabilities and units of scale of state-dependent utilities are not separately identified. In standard models, only their products matter to decisions. Separate identification has been studied under implicit actions by Drèze or under explicit actions and...
Persistent link: https://www.econbiz.de/10011811749
-degree stochastic dominance, Rothschild and Stiglitz’s increase in risk and downside risk increase. We use the relative nth-degree risk … aversion measure and decreasing relative nth-degree risk aversion to provide conditions guaranteeing the preference for “harm …
Persistent link: https://www.econbiz.de/10012018921
To reduce the negative impacts of risks in farming due to climate change, the government implemented agricultural production cost insurance in 2015. Although a huge amount of subsidy has been allocated by the government (80 percent of the premium), farmers’ participation rate is still low (23...
Persistent link: https://www.econbiz.de/10012018910
Traditionally, finance has paid attention to the risk-return trade-off. Recently, given the incorporation of the 2030 … factor, although risk is at the same level as sustainability. …
Persistent link: https://www.econbiz.de/10014370484
In 2006, the Netherlands commenced market based reforms in its health care system. The reforms included selective contracting of health care providers by health insurers. This paper focuses on how health insurers may increase their market share on the health insurance market through selective...
Persistent link: https://www.econbiz.de/10010399791
German health insurance companies increasingly strive to position themselves as health partners to their customers to improve customers' health and contain costs. However, there is uncertainty about customers' preferences for health services offered by health insurance companies. Therefore, this...
Persistent link: https://www.econbiz.de/10014446755
This work documents a persistent life expectancy heterogeneity by gender and geography in Italy during the period 1995-2019. Based on deviations of life expectancy at age 65, it quantifies the implicit tax/subsidy mechanism triggered when pensions annuities are computed by adopting the same...
Persistent link: https://www.econbiz.de/10012508553
findings highlight the importance of incorporating environmental variables into forecasting models to enhance risk management …
Persistent link: https://www.econbiz.de/10015408403