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In this paper we generalize the heterogeneous risk adverse agents model of diffusion of new products in a multi …
Persistent link: https://www.econbiz.de/10014211009
investigate how the structure of those networks can affect the capacity of regulators to assess the level of systemic risk. We … of systemic risk in terms of expected losses. We further quantify the effects of cyclicality, leverage, volatility and …
Persistent link: https://www.econbiz.de/10012999842
Persistent link: https://www.econbiz.de/10009408815
What accounts for the rise in income inequality since the 1970s? According to most economists, the answer lies in structural changes in the economy - in particular, technological changes that have raised the demand for highly skilled workers and thereby boosted their pay. Opposing this...
Persistent link: https://www.econbiz.de/10013156650
Since several years, the fragility of global supply chains (GSCs) is at historically high levels. In the same time, the landscape of hybrid threats is expanding. This paper aims to assess the economies' foreign input reliance and foreign market reliance, identify possible vulnerabilities by...
Persistent link: https://www.econbiz.de/10013443613
robustness under risk aversion and ambiguity aversion. We aim to understand the potential consequences of deeply uncertain … relationship between the upstream sourcing decisions and the supply chain survival probability. Both risk-averse and ambiguity …
Persistent link: https://www.econbiz.de/10014520125
Do people have an irrational dislike for risk? People pay less for uncertain prospects than their worst possible … risk. We challenge this proposition across seven studies. Though people seem to irrationally dislike risky prospects when …
Persistent link: https://www.econbiz.de/10012903893
In communication, information, and other industries, three-part tariffs are increasingly popular. A three-part tariff is defined by an access price, an allowance, and a marginal price for any usage in excess of the allowance. Empirical nonlinear pricing studies have focused on consumer choice...
Persistent link: https://www.econbiz.de/10012757055
There is a substantial literature in medical journals examining the marketing and promotional efforts of pharmaceutical firms. This literature is generally critical of those efforts, focusing on the negative aspects of promotion. Although the literature is expressed in empirical and scientific...
Persistent link: https://www.econbiz.de/10014027690
A hypothesis of uncertain future was created and first applied in the field of utility and prospect theories. An extension of application of the hypothesis to the field of forecasting is considered in the article. The concept of inevitability of unforeseen events is a part of the hypothesis of...
Persistent link: https://www.econbiz.de/10012057407