impact of economic risk and risk preferences upon regional allocation of investments. The source of risk stems from the … upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the … elasticity of risk aversion. Elements of risk preferences beyond risk aversion prove to be very important to evaluate regional …

The value at risk measure attempts to summarize in a single number market value risk of a portfolio of financial assets …

uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm …. -- Background risk ; Capital structure ; Price uncertainty … always chooses its optimal debt-equity ratio to minimize the weighted average cost of capital, irrespective of the risk …

. -- Prospect theory ; mean-variance model ; indifference curve ; price uncertainty ; hedging …

Our study examines the behavior of a risk-averse investor who faces two sources of uncertainty: a random asset price … and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors … can enter risk-sharing markets, such as futures markets, to manage these risks. We develop a dynamic risk management model …

uncertainty. He sells commodities to two markets at two prices, but only one of these markets has a futures market. We show that …This note studies the risk-management decisions of a risk-averse farmer. The farmer faces multiple sources of price … the farmer’s optimal commodity futures market position, i.e., a cross-hedge strategy, is actually an over-hedge, a full …

economic decisions. In our study, we endogenize uncertainty by establishing a link between market transparency and the terms of …This study is concerned with the impact of changes in market transparency on agricultural production levels. Market … transparency is of central importance in the agri-food system as it affects the degree of uncertainty farmers face when taking …