The Project’s general objective is to promote renewable energies in the more underprivileged countries to help improve the living conditions of rural communities, supporting them in their fight against poverty, isolation and the marginalisation resulting from their socioeconomic conditions.

This paper analyzes the efficiency of risk-taking decisions in an economy that is prone to systemic risk, captured by financial amplification effects that occur in response to strong adverse shocks. It shows that decentralized agents who have unconstrained access to a complete set of Arrow...