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This paper carries out an investigation into the socio-economic determinants of couples’ childbearing decisions in Italy. Since having children is in most cases a “couple matter”, the analysis accounts for the characteristics of both the possible parents. Our results do not support...
Persistent link: https://www.econbiz.de/10008732064
We study the problem of an investor that buys an equity stake in an entrepreneurial venture, under the assumption that the former cannot monitor the latter’s operations. The dynamics implied by the optimal incentive scheme is rich and quite different from that induced by other models of...
Persistent link: https://www.econbiz.de/10008732070
We revisit the role of limited commitment in a dynamic risk-sharing setting with private information. We show that a …
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pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory … higher when the risk reduction is delivered by a public program, and increases with the effectiveness rating assigned by the … respondent to public programs that address specific causes of death. The effectiveness of private risk-reducing behaviors is also …
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is a function of the risk preference of the household head. This paper estimates the effect of parental risk preference … on child labour decisions in the household using recall information on child labour and a risk elicitation question. We … address endogeneity issues by applying an instrumental variable estimation technique. We find that risk-averse households are …
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