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Complexity theory is designed to bring order out of a rough-and- tumble world, something close to every insurance professional's or actuary's heart. Whether applied in the laboratory or as part of a mathematical model, it can do wonderful things . But in the real world it's just what its name...
Persistent link: https://www.econbiz.de/10005789667
The paper focuses on forests management strategies for natural hazards of nonindustrial owners, in the case where the forest provides nontimber services. We introduce a basic two-period model where the private owner manages natural hazards on his forest thanks to the accumulation of savings on...
Persistent link: https://www.econbiz.de/10005789828
ex post consumption smoothing, employment uncertainty influences risk-averse households’ crop choice decisions-- they …
Persistent link: https://www.econbiz.de/10005789931
parameters suggest that in a situation where all producers are subjected to a common source of risk (e.g. rainfall): i) the …
Persistent link: https://www.econbiz.de/10005790005
characterizing ecosystems, might be a more appropriate framework relative to the classic risk case (measurable uncertainty). This …
Persistent link: https://www.econbiz.de/10005790301
Making a decision is a complex process which must be based upon a method that is able to establish the optimum criteria in choosing an alternative, in evaluating the main effects of implementing the decision which was taken and in estimating the risks involved. The optimizing methods and...
Persistent link: https://www.econbiz.de/10005790371
In this paper, we study the determinants of the value of informal risk sharing groups. In particular, we look at the … if individuals can deviate form risk sharing agreements in coalitions or not. We test empirically several predictable … size of risk sharing groups can be rejected or that only imperfect risk sharing is obtained within the village because of …
Persistent link: https://www.econbiz.de/10005791230
Motivated by policy statements of central bankers, we propose to regard the central banker as a risk manager who aims … of risk management that may be used to quantify the risks of failing to attain that objective. Risk measures inherently … assumption of quadratic symmetric preferences, while being congruent with a risk management model. We show how the parameters of …
Persistent link: https://www.econbiz.de/10005791846
risk issue. Best practice in managing a range of non‐financial risks requires companies to develop an adaptive and …
Persistent link: https://www.econbiz.de/10014851100
corporate risk in general and at the context in which CRE decisions are made. Next, the types of risk generally inherent in CRE …, physical and regulatory CRE risks. Possible risk management strategies are offered, to reduce the risks associated with CRE … accounting for risk in corporate real estate management (CREM) are provided. The discussion of the risks inherent in CRE usage …
Persistent link: https://www.econbiz.de/10014851765