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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 … system's degree of uncertainty/predictability and stress level within it. Four main quadrants are identified: Ad hoc …
Persistent link: https://www.econbiz.de/10011516605
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 …
Persistent link: https://www.econbiz.de/10010426364
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011813016
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011899690
that have included risk and risk management tools within the stochastic frontier analysis in agricultural economics. This … study contributes to investigating the methods used to account for endogeneity by using a risk-accommodating stochastic … few studies have treated endogeneity in farm risk-performance evaluations. According to our findings, it can be concluded …
Persistent link: https://www.econbiz.de/10014287554
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 …
Persistent link: https://www.econbiz.de/10010495612
enterprises in Ukraine in war conditions: the risk of increased costs, reduced income, the risk of inability to repay obligations …, loss of customers, non-payment of receivables, loss of asset value, risk of unprofitability, reduction of business and … higher degree of integration of risk management and strategic management. Management accounting helps make risk …
Persistent link: https://www.econbiz.de/10014502779
Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent - one who … is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features … structure of risk premia, which are found empirically. Since such preferences can lead to dynamic inconsistencies with respect …
Persistent link: https://www.econbiz.de/10009725585
Persistent link: https://www.econbiz.de/10009787522
reduction (self-protection) so that correlation becomes endogenous. If prevention concerns only one risk, introducing a second … exogenous risk increases the level of prevention expenditures, even if correlation is negative. If prevention expenditures may … increased dependence increases aggregate prevention expenditures, but not necessarily prevention expenditures for each risk due …
Persistent link: https://www.econbiz.de/10010256952