. Optimal consumption risk sharing requires a reallocation of traded goods across countries. I show that such an optimal …

This paper studies the role of the transport costs in accounting for the puzzling behaviors of relative prices and risk … ability to rationalize the deviations from the law of one price and imperfect international risk sharing. Our analysis …

This study explores risk allocation in public-private partnerships for geothermal energy projects in Indonesia. We … develop an evidence-based framework founded on principal-agency theorising that suggests an optimal allocation of risk between … the parties in these arrangements. A Delphi survey suggested the risk bearing levels for the Indonesian government range …