the addition of several new chapters on risk sharing, asymmetric information, adverse selection, signaling and moral … asymmetric information in contractual relationships. It is richly illustrated with 150 figures. It is suitable for both self …

compared with the modern tools. The primary purpose of the study was to compare the risk management tools available a common …

transmission goes from risk tolerance via investments to profits. This is quite robust as it applies for past investments as well …Entrepreneurs tend to be risk tolerant but is more risk tolerance always better? In a sample of about 2,100 small … businesses, we find an inverted U-shaped relation between risk tolerance and profitability. This relationship holds in a simple …

of risk, both being associated to the stresses supported by the socio-economic system. We propose instruments for … resilience build-up and management based on a novel classification of risk and resilience management regimes corresponding to the …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry … option. Under ex post information asymmetry and positive control costs, the result is less clear-cut. We also make evident …

investors carry power market risks, in particular the power price risk. At the same time however, under the current financial … endanger further deployment and the achievement of renewable targets with it. Against this background we take a risk … perspective to assess the past and upcoming EEG reforms, with the aim of developing a proposal to gradually shift risk towards RE …