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In dieser Arbeit setzen wir uns mit den Auswirkungen von Risikobeschränkungen auf das optimale Verhalten eines Investors auseinander, welcher versucht, den erwarteten Endnutzen zu einem festgelegten Zeitpunkt zu maximieren. Dazu kann er ein vorgegebenes Anfangsvermögen in einem Markt...
Persistent link: https://www.econbiz.de/10009462193
The latest (June 2008) UK Renewable Energy Strategy (Consultation) document,has called for 30 – 35% of electricity to come from Renewable sources by 2020As the current level in 2008 of renewable electricity production is 4% (excluding hydro) this is a challenging target.With the Government...
Persistent link: https://www.econbiz.de/10009463252
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
uncertainty did not significantly influence acquisition value, providing no support for Prospect Theory. However, greater … two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … theoretical comparisons are conducted. In the first, economic theory, behavioral theory (the Behavioral Theory of the Firm and …
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 … scientists regarding management of fisheries under uncertainty. We identify common findings and discuss divergent ones. We also …
Persistent link: https://www.econbiz.de/10009446063
Energy prices have exhibited significant volatility in recent years. For example, natural gas pricesranged from $4 to $15 per MM BTU's in calendar years 2005 through 2011. Future prices are uncertainbut are likely to retain a high level of volatility. This volatility complicates analysis of...
Persistent link: https://www.econbiz.de/10009464935