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Environmental risks may comprise the most important policy-related application of the economics of risk and uncertainty. Many biases in risk assessment and regulation, such as the conservatism bias in risk assessment and the stringent regulation of synthetic chemicals, reflect a form of...
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What explains private investment in autocracies, where institutions that discourage expropriation in democracies are … parties promote investment by solving collective-action problems among a designated group, who invest with the expectation … that the autocrat will not attempt their expropriation. We derive conditions under which autocrats want to create such …
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, however, can be used as an indicator for how likely investors believe government expropriation is in particular industries …
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