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INCORPORATING RISK PREFERENCES INTO REAL OPTIONS MODELS
Isik, Murat - 2004
joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of … shortcomings of the commonly used expected utility and investment under uncertainty models be generalizing the theory of …
Persistent link: https://www.econbiz.de/10009443612
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Four Essays on Debt Securitization and Entrepreneurial Finance
Weber, Thomas - 2008
Chapter 1 is joint work with Günter Franke, University of Konstanz, and Markus Herrmann, HSBC London, and addresses the question how collateralized debt obligation (CDO-) transactions are designed. An important issue is the information asymmetry about the quality of securitized debt between...
Persistent link: https://www.econbiz.de/10009471846
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Essays in Behavioral and Experimental Economics
Dürsch, Peter - 2010
Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …
Persistent link: https://www.econbiz.de/10009476200
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Effiziente Reduktion des Produktionsrisikos im Ackerbau durch Ertragsversicherungen
Gunnar Breustedt - 2004
Effiziente Reduktion des Produktionsrisikos im Ackerbau durch Ertragsversicherungen In Europa werden staatliche Hilfen für Ertragsversicherungen nach dem Vorbild der USA oder Kanada gefordert. In dieser Arbeit werden daher zum einen Bedingungen erarbeitet, unter denen die Subventionierung von...
Persistent link: https://www.econbiz.de/10009429007
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Profit Margin Hedging
Kim, Hyun Seok; Brorsen, B. Wade; Anderson, Kim B. - 2007
Some extension economists and others often recommend profit margin hedging in choosing thetiming of crop sales. This paper determines producer’s utility function and price processeswhere profit margin hedging is optimal. Profit margin hedging is shown to be an optimalstrategy under a highly...
Persistent link: https://www.econbiz.de/10009443336
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Cooperative Risk Management: Rationale and Effectiveness
Manfredo, Mark R.; Richards, Timothy J. - 2003
Agricultural cooperatives tend to be riskier than investor-oriented firms, both in a business and financial sense. However, cooperative managers are often reluctant to actively manage risk. Although the “risk management irrelevance proposition” suggests that cooperative managers should be...
Persistent link: https://www.econbiz.de/10009444150
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Impacts of Retailers’ Pricing Strategies for Produce Commodities on Farmer Welfare
Li, Chenguang; Sexton, Richard J. - 2009
The typical model of retail pricing for produce products assumes retailers set price equal to the farm price plus a certain markup. However, observations from scanner data indicate a large degree of price dispersion in the grocery retailing market. In addition to markup pricing behavior, we...
Persistent link: https://www.econbiz.de/10009444824
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Analytical foundations of physical security system assessment
Wortman, Martin A. (contributor) - 2006
Physical security systems are intended to prevent or mitigate potentially catastrophicloss of property or life. Decisions regarding the selection of one system orconfiguration of resources over another may be viewed as design decisions within arisk theoretic setting. The problem of revealing a...
Persistent link: https://www.econbiz.de/10009465169
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A Soft Robust Model for Optimization Under Ambiguity
Brown, David - 2010
closely to the theory of convex risk measures. We show that the complexity of this approach is equivalent to that of solving a …
Persistent link: https://www.econbiz.de/10009475403
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14.123 Microeconomic Theory III, Spring 2009
Eso, Peter - 2009
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546