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insurance premium considering into risk rate so it is very important to estimate and evaluate factors from which depends if …Principe of insurance companies is to take risk of insured. If risks of insured are different it is advisable to adjust … insured will fail. Purpose is to estimate which group of factors (object location, object type, structure and insurance …
Persistent link: https://www.econbiz.de/10009478253
current economic issues. This has implications for the acceptance of economic policy since these economists are apt to uphold … the interests of their employer. In contrast, academic economists suffer from a lack of recognition and reach in the media … generation of academic economists, in contrast to previous generations, is becoming reticent on matters of public policy. …
Persistent link: https://www.econbiz.de/10009484643
concepts such as the probability, impact, cost of risk, degree of correction and the newly established human factor concept …An easy-to-use quantitative risk analysis model is developed for the private security industry in South Africa, which …, which cannot be seen in isolation. This latter concept plays a major part in the overall risk quantification process in …
Persistent link: https://www.econbiz.de/10009457810
two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … hypothesis; firms whose prior machines perform below aspiration levels seek more uncertainty in their subsequent acquisitions …
Persistent link: https://www.econbiz.de/10009438770
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions … generated by differences in risk. Some farmers will choose to reduce relative risk by purchasing additional water rights whereas … permanent rights markets, farmers who are better able to bear risk are more likely to participate in the spot market than those …
Persistent link: https://www.econbiz.de/10009443454
Fisheries management is complicated in nearly all cases by various types of uncertainty. Numerous economics and … fisheries science publications prescribe adjustments to harvest strategies and regulations in the face of uncertainty. The … difficult to implement. In this article, we summarize and compare the conclusions of economists, ecologists, and fisheries …
Persistent link: https://www.econbiz.de/10009446063
, futureprice probability functions may be best characterized as non symmetric and economic objectivefunctions as non-linear further …
Persistent link: https://www.econbiz.de/10009464935
risk, andinformation uncertainty.An integrated economic/epidemic evaluation is done to examine the impact of variouscontrol … reducing strategy.Another issue related to risk and uncertainty is the response of consumers and domesticmarkets to the … a smaller standard deviation of loss which would indicate it isa risk reducing strategy.Risk in foreign animal disease …
Persistent link: https://www.econbiz.de/10009464961
of uncertainty are therefore tackled implicitly by discounting the expected value of the cash flows at a risk … values in order to cope with uncertainty underlies each key cash flow variable. The process leads to a probability … weaknesses within the Internet companies’ context. One of these weaknesses is tackling the uncertainty that characterize future …
Persistent link: https://www.econbiz.de/10009465487