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In financial theory, the optimal allocation of assets and its relationship with profitability has been one of the main concerns; the question has always been if banks should focus or diversify their assets. In our case, we would like to answer this question focusing in diversification of the...
Persistent link: https://www.econbiz.de/10005274510
market risk levels are too great. Hazard warnings policies often can address informational failures. Some market failures may … be exacerbated by government policies, particularly those embodying conservative risk assessment practices. Labor market … estimates of the value of statistical life provide a useful reference point for the efficient risk tradeoffs for government …
Persistent link: https://www.econbiz.de/10005279645
Although risk management approaches appeared more than one decade ago, there is the evidence of low penetration rate of … their techniques in software projects. One of the most known methods is the SEI Software Continuous Risk Management (SEI … suggests that SEI-CRM is limited in terms of the organizational risk perspective. This research is expected to contribute with …
Persistent link: https://www.econbiz.de/10005549597
Do remittances sent by overseas migrants serve as insurance for recipient households? This paper examines how remittances sent by overseas migrants respond to income shocks experienced by Philippine households. Because household income and remittances are jointly determined, we exploit rainfall...
Persistent link: https://www.econbiz.de/10005551471
of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment …
Persistent link: https://www.econbiz.de/10005555994
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10005556097
This paper analyzes the expenditure policy of the public sector and risk in a two-country stochastic AK growth model … public spending on productivity and risk diversification. …
Persistent link: https://www.econbiz.de/10005556589
aggregate risk differential between the countryside and the city. Uninsurable expected risk will lead to rural-urban migration … shocks. Macroeconomic volatility finds its origins in risk-prone natural resource production including agriculture and has a …
Persistent link: https://www.econbiz.de/10005557729
The expected utility hypothesis has a long successful tradition in economics. However, behavioral anomalies confound it when utility depends solely on the absolute level of wealth. Harry Markowitz (1952) suggested that the anomalies might be resolved if utility could be augmented to endogenize...
Persistent link: https://www.econbiz.de/10005557833
This paper introduces imperfect information, learning, and risk aversion in a two sided matching model. The model … individuals for the higher risk involved in marriage over a cohabiting partnership is derived. This premium can be decomposed into … two parts. The first part is a function of the individual's level of risk aversion, while the second part is a function of …
Persistent link: https://www.econbiz.de/10005557970