This paper measures how households smooth changes in consumption when incomes are shifted by permanent or transitory … shocks at country and regional level. I compute insurance capacity using the Spanish Continuous Family Expenditure Survey … skipping the imputation methods used by the previous literature to mitigate the signifi cant lack of income and consumption …

that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …

literature is marred by poor controls for the common drivers both of house prices and consumption, including income, income … price boom, failure to control for the direct effect of credit liberalization on consumption canover-estimate the effect of … housing wealth or collateral on consumption. This paper suggests an empirical model grounded in theory with more complete …

organisations gain true value from the adoption and consumption of M-Business into their personal and working lives. Marketing to …

Research into adoption, acceptance and consumption of Information Technology (IT) within its diffusion cycle has been … experiences towards technology adoption and consumption present and future. It provides a novel multi-disciplinary and practical … and political capital resources differentiates consumer coping with complex technology consumption experiences. The …

Recent social spending inflation in China has led to its growth rate far exceeding that of income and other consumption … resulted consumption. However, our findings do not suggest that they are vehicles through which they could facilitate smoother … consumption against shocks. The result does not depend on how heterogeneous the shocks are. …