In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among … different groups of countries and examine how international financial integration has affected the evolution of risk sharing …

certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained better risk sharing …In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different …

economy. The efficient allocation of scarce R&D resources is therefore one of the central challenges for each company. This is … especially true for the allocation of human resources and budgets on R&D projects. But, how could and should scarce resources be … the resource allocation via internal markets. Previous studies have mainly been concerned with hierarchical forms of R …