Based on a dataset of manufacturing sectors from five major European economies (France, Germany, Italy, Spain and the … economic research, have a positive impact on the likelihood of collusion. Each feature is proxied by an "Antitrust Risk … collusion risk are those that tend to score high in most of the ARIs: Tobacco, Pharmaceuticals, Beverages, Chemicals. The 4 …

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on …

We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and …-markets consumption allocation. There is substantial heterogeneity in risk preferences estimated from the full-insurance model, positively … would benefit from eliminating village-level risk, less-risk-averse households who are paid to absorb that risk would be …

correlate their risk exposures. Second, private borrowers may deliberately choose to increase their interest-rate sensitivity … instruments is endogenous and characterize the structure of optimal bailouts. -- Monetary Policy ; Funding Liquidity Risk …