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Persistent link: https://www.econbiz.de/10005509861
The empirical evidence shows that in developing countries illness shocks can have a severe impact on household income. Few studies have so fare examined the effects of mortality. The major difference between illness and mortality shocks is that a death of a household member does not only induce...
Persistent link: https://www.econbiz.de/10005416742
Our society faces many risks that affect human life. Cost-benefit analysis is a very popular project-evaluation tool for reducing these social risks. The government has to set projects or regulations whose benefits will outweigh costs. It is quite easy to evaluate costs but how to evaluate the...
Persistent link: https://www.econbiz.de/10011111759
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk in the neighborhood of a risk-free world is...
Persistent link: https://www.econbiz.de/10011183755
The longitudinal study of 13 investment decisions in the French aluminium industry, from 1890 to 1990, offers a new outlook for the risk evaluation in investment choice. Measurement tools form the main development in investment literature. However, they must be considered in a larger context...
Persistent link: https://www.econbiz.de/10011073128
, les participants reçoivent une dotation en espèces et une loterie risquée. Ils signalent leur volonté de payer pour … échanger la loterie risquée pour une loterie moins risquée. Les participants jouent à la loterie soit immédiatement, ou huit …
Persistent link: https://www.econbiz.de/10004988529
This Working Paper presents a cross-Directorate Report on the economic, budgetary, regulatory and urbanpolicy implications of the earthquakes which struck the Marmara and Bolu areas of Turkey on 17 August and 12 November 1999. The earthquakes caused high casualties and significant material...
Persistent link: https://www.econbiz.de/10005045718
As the need for investment in infrastructure continues to grow, private sector financing for infrastructure projects has developed around the world. Given the long-term growth and (potentially) low correlation aspects of infrastructure investments, pension funds have also shown interest in...
Persistent link: https://www.econbiz.de/10004962926
In this report, we first develop a simplified example that illustrates the importance of considering the option ``waiting to invest'' when valuing an investment. This is followed by a short description of other options that could be embedded in an investment opportunity. In order to stress the...
Persistent link: https://www.econbiz.de/10005100465
This document deals with business processes performed by two or more trade partners. Companies expect many benefits from the integration of such processes: cost reduction, better access to their customers and suppliers, and even more flexible types of interactions. However, the integration of...
Persistent link: https://www.econbiz.de/10005100491