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Savings and investment decisions in a poor oil economy: beyond the textbook case
Collier, Paul; Gunning, Jan Willem - 2007
The current commodity boom is a major opportunity for poor countries exportingexhaustible resources such as oil. In the past oil booms were often mismanaged leaving the country with lower long run income. Many countries are now well aware that booms require intricate savings and investment...
Persistent link: https://www.econbiz.de/10009441531
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The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - 2001
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 - 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...
Persistent link: https://www.econbiz.de/10009477527
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Three essays in macroeconomics and financial economics
Norman, A. L. (contributor) - 2009
In the first chapter, I analyze the question that whether the elasticity ofintertemporal substitution or risk aversion is more important determinant of precautionarysavings. This is an important question since a significant fraction of the capitalaccumulation is due to precautionary savings...
Persistent link: https://www.econbiz.de/10009429280
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The response of household wealth to the risk of losing the job : evidence from differences in firing costs
Barceló Varona, Cristina; Villanueva López, Ernesto - 2010
Economic theory predicts that individuals exposed to the risk of losing their job postpone their consumption and accumulate more assets to build a buffer stock of saving. We provide a new test of the hypothesis using substantial variation in severance payments across contracts in the Spanish...
Persistent link: https://www.econbiz.de/10012530288
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Household debt and uncertainty : private consumption after the Great Recession
Estrada García, Angel; Garrote Sánchez, Daniel; … - 2014
Las familias de buena parte de los países desarrollados venían aumentando su endeudamiento desde los años ochenta, y este proceso se aceleró significativamente en los años previos a la Gran Recesión. Al mismo tiempo, durante ese periodo se produjo una disminución de su tasa de ahorro....
Persistent link: https://www.econbiz.de/10012530441
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MANAGING CATASTROPHIC RISK BY ALTERNATIVE RISK TRANSFER INSTRUMENTS
Ou Yang, Chieh - 2010
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 …
Persistent link: https://www.econbiz.de/10009439051
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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-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
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Geothermal Electric Projects from a User's Viewpoint
Nugent, James M. - 2006
increased risk as perceived by utilities, banks and lessors and the unpredictability of those risks as perceived by insurance … higher rate of return obtaining insurance; or some combination of DOE loan guarantee, lease and insurance. No attempt has …
Persistent link: https://www.econbiz.de/10009435415
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Applications of Solar Technology for Catastrophe Response, Claims Management, and Loss Prevention
Deering, A.; Thornton, J.P. - 2008
Today's insurance industry strongly emphasizes developing cost-effective hazard mitigation programs, increasing and … the Insurance Industry.'' Presentations were made by insurance company representatives, insurance trade groups, government … discuss how energy efficiency and renewable technologies can contribute to reducing insurance losses. …
Persistent link: https://www.econbiz.de/10009435566
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Geopressured-geothermal energy development: government incentives and institutional structures
Frederick, D.O.; Prestwood, D.C.L.; Roberts, K.; … - 2007
The following subjects are included: a geothermal resource overview, the evolution of the current Texas geopressured-geothermal institutional structure, project evaluation with uncertainty and the structure of incentives, the natural gas industry, the electric utility industry, potential...
Persistent link: https://www.econbiz.de/10009435830