Showing 1 - 10 of 408
This article evaluates the presence of dynamic inconsistency on decisions of discretionary environmental policy, and its incidence on social welfare. It is assumed that an environmental authority minimizes a social welfare loss function controlling freely – on each period – a tax rate by...
Persistent link: https://www.econbiz.de/10010049040
We present the generalized hybrid averaging (GHA) operator. It is a new aggregation operator that generalizes the hybrid averaging (HA) operator by using the generalized mean. Thus, we are able to generalize a wide range of mean operators such as the HA, the hybrid geometric averaging (HGA), the...
Persistent link: https://www.econbiz.de/10009957374
variable - to be applied to the case of several random variables, and we illustrate its use in the theory of the firm under … uncertainty. We have performed this on a recent model of the theory, for which the respective optimal levels chosen by the firm … of the lemma, in the context of the same model, to study the effect of a variation in risk aversion, which had not been …
Persistent link: https://www.econbiz.de/10009957387
- vor allem unter ostdeutschen Männern positiv auf die Entscheidung für eine Elternschaft wirkt. -- risk attitudes …
Persistent link: https://www.econbiz.de/10010079368
risk-taking behavior deviates from expected utility theory in the presence of probability weighting. A group of … professional traders participates in an experiment, whose data are used to calculate risk and uncertainty premiums. This framework … allows measuring and disentangling the impact of probability weighting on risk perceptions and behavior. Several findings …
Persistent link: https://www.econbiz.de/10010079556
focusing on the effect of ethnic persistence and assimilation on individual risk proclivity. Employing information from a … risk proclivity by reducing immigrants’ risk aversion and explains the systematic variation in the observed risk attitudes … social norms is an essential factor in the formation of individual attitudes. -- risk attitudes ; ethnic persistence …
Persistent link: https://www.econbiz.de/10010082257
This study examined the relationship between share prices and dividends, earnings and book values for companies listed on the Nairobi Securities Exchange (NSE) in Kenya for the six years period between 2005 and 2010. Using panel data analysis the study found evidence that there is a positive and...
Persistent link: https://www.econbiz.de/10010097680
Article refers to the issue of credit risk management in commercial banks. Particular attention is paid to the problem … extreme values theory, the conditional loss distribution function and the profitability analysis of the loan portfolio. The …. -- credit risk ; probability of default ; stress test ; profitability …
Persistent link: https://www.econbiz.de/10010118427
having access to efficient methods of quantifying credit risk, or the probability of default. The logit models are among the … to quantify companies’ credit risk. The present study describes the problems that arise with logit on a sample of Spanish …. -- credit risk ; default ; logit model …
Persistent link: https://www.econbiz.de/10010118428
We model an urban labour market in a developing economy, incorporating workers’ risk attitudes. Trade-offs between risk … employment. Greater risk of informal wage non-payment can raise or lower informal wage employment, depending on the source of … risk. Informal wage employment can be reduced by increasing detection efforts or by strengthening contract enforcement for …
Persistent link: https://www.econbiz.de/10010118864