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The Response of Consumption in Russian Households to Economic Shocks

Stillman, Steven - 2001

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 - 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...

Persistent link: https://www.econbiz.de/10009477527

The response of household wealth to the risk of losing the job : evidence from differences in firing costs

Barceló Varona, Cristina; Villanueva López, Ernesto - 2010

Economic theory predicts that individuals exposed to the risk of losing their job postpone their consumption and accumulate more assets to build a buffer stock of saving. We provide a new test of the hypothesis using substantial variation in severance payments across contracts in the Spanish...

Persistent link: https://www.econbiz.de/10012530288

Household debt and uncertainty : private consumption after the Great Recession

Estrada García, Angel; Garrote Sánchez, Daniel; … - 2014

Las familias de buena parte de los países desarrollados venían aumentando su endeudamiento desde los años ochenta, y este proceso se aceleró significativamente en los años previos a la Gran Recesión. Al mismo tiempo, durante ese periodo se produjo una disminución de su tasa de ahorro....

Persistent link: https://www.econbiz.de/10012530441

14.123 Microeconomic Theory III, Spring 2009

Eso, Peter - 2009

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...

Persistent link: https://www.econbiz.de/10009432546

MANAGING CATASTROPHIC RISK BY ALTERNATIVE RISK TRANSFER INSTRUMENTS

Ou Yang, Chieh - 2010

that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …

Persistent link: https://www.econbiz.de/10009439051

The effective manager, 1998-05-01, tape 1

Drucker, Peter F. (Peter Ferdinand) - 1998

learning statistics and gives a brief history of mathematics and statistics. He then explains that insurance made the modern … economy possible because it allowed people to take economic risks. He then states that the basic assumptions of insurance are …

Persistent link: https://www.econbiz.de/10009429639

14.661 Labor Economics I, Fall 2006

Pischke, Jorn-Steffen; Angrist, Joshua - 2006

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...

Persistent link: https://www.econbiz.de/10009432547

Geothermal Electric Projects from a User's Viewpoint

Nugent, James M. - 2006

increased risk as perceived by utilities, banks and lessors and the unpredictability of those risks as perceived by insurance … higher rate of return obtaining insurance; or some combination of DOE loan guarantee, lease and insurance. No attempt has …

Persistent link: https://www.econbiz.de/10009435415

Applications of Solar Technology for Catastrophe Response, Claims Management, and Loss Prevention

Deering, A.; Thornton, J.P. - 2008

Today's insurance industry strongly emphasizes developing cost-effective hazard mitigation programs, increasing and … the Insurance Industry.'' Presentations were made by insurance company representatives, insurance trade groups, government … discuss how energy efficiency and renewable technologies can contribute to reducing insurance losses. …

Persistent link: https://www.econbiz.de/10009435566

Geopressured-geothermal energy development: government incentives and institutional structures

Frederick, D.O.; Prestwood, D.C.L.; Roberts, K.; … - 2007

The following subjects are included: a geothermal resource overview, the evolution of the current Texas geopressured-geothermal institutional structure, project evaluation with uncertainty and the structure of incentives, the natural gas industry, the electric utility industry, potential...

Persistent link: https://www.econbiz.de/10009435830