proposed theoretical approach are illustrated with an application on hedging economic risk. …This paper proposes a robust approach to hedging and pricing in the presence of market imperfections such as market … incompleteness and frictions. The generality of this framework allows us to conduct an in-depth theoretical analysis of hedging …

The purpose of this paper is to empirically investigate the interaction between hedging, financing, and investment … two decisions are being made. We argue that the way in which hedging affects the firms’ financing and investing decisions …, but not their leverage, by hedging. However, we also find that firms with few investment opportunities use derivatives to …

silos. In response to this "crisis of communication," we convened a group of scholars from epidemiology, economics, and …

countercyclical idiosyncratic labor and asset risk. We derive conditions under which the aggregate allocations and price system can be … policy in a new Keynesian economy with uninsured countercyclical individual risk. The optimal monetary policy that emerges … at zero. -- uninsured risk ; sticky prices ; optimal monetary policy …

risk, over and above the risk that comes from variations in cost. -- airlines ; price discrimination ; price dispersion …