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decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …
Persistent link: https://www.econbiz.de/10009635888
international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …
Persistent link: https://www.econbiz.de/10009635970
When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are … an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved … allow for optimal risk sharing as long as markets are complete, default is prevented in equilibrium and intermediaries …
Persistent link: https://www.econbiz.de/10009636542
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009635974
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009636105
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009636106
Persistent link: https://www.econbiz.de/10009640654
Within the context of the promotion of wide-spread use of energy saving lamps, such as compact fluorescent lamps (CFLs), and the possible phase-out of incandescent lamps, it has been claimed that the symptoms of several diseases may be aggravated in the presence of energy saving lamps (mainly...
Persistent link: https://www.econbiz.de/10009641033
Persistent link: https://www.econbiz.de/10009641195
Persistent link: https://www.econbiz.de/10010208259