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cooperate to improve the group's outcome by sharing their wealth in non-compulsory, non-enforceable risk-sharing arrangements …. We find that average subject behavior appears to be motivated by self-interest more than group survival. -- risk sharing …
Persistent link: https://www.econbiz.de/10009686479
We examine the association between changes in companies' textual risk disclosures in 10-K filings and changes in stock … market and analyst activity around the filings. We find that annual increases in risk disclosures are associated with … increased stock return volatility and trading volume around and after the filings. Increases in risk disclosures are also …
Persistent link: https://www.econbiz.de/10013008738
In this paper, we study consumption risk sharing when individual income shocks are persistent and not publicly …
Persistent link: https://www.econbiz.de/10013025402
trade model and studies its effect on international risk sharing and trade flows. We find that ameliorating information … asymmetry - information globalization - reduces trade and international risk sharing. In other words, asymmetric information …Information frictions are often invoked to explain low levels of international trade beyond those that measured trade …
Persistent link: https://www.econbiz.de/10013033042
We investigate climate change impacts on productivity and production risk on U. S. Pacific Northwest winter wheat farms … return distribution and thus reducing downside risk. By the mid-21st century, climate-change projections from 20 global …
Persistent link: https://www.econbiz.de/10011916565
technology. In this paper, we study the effect of production risk on irrigation technology choice among small-scale farmers in …. Moreover, production risk is often associated with adoption of traditional irrigation, and this risk often undermines a shift …
Persistent link: https://www.econbiz.de/10011885582
important. Involving lay people in decision-making is an innovative and developing approach in European policy making and risk … analysis. Food risks are a special category of risk, inherent in European culture and society. So the approach in managing the … of technological risks. The present culture of mis- or lack-of-information needs to change …
Persistent link: https://www.econbiz.de/10014070685
of files ever compiled on flood risk and insurance to investigate the impacts of information provision on residential … official flood risk information, even when this information appears erroneous. Map updates caused a net reduction in demand for … take-up, suggesting that the private benefits of improving access to flood risk information are small. Employing …
Persistent link: https://www.econbiz.de/10014030560
. Pollution levels allowed under Coasean contracts then in general depend on agents' risk appetites, and on the initial … institutions that allocate risks, nor from the financial institutions that facilitate risk transfer. In particular, improvements in … environmental risk markets generally induce greater levels of pollution …
Persistent link: https://www.econbiz.de/10014118500