risk of loss among players affect the success of group efforts to avoid a common loss. We find that when the poor face … greater risk than the rich, contributions and success in reaching the threshold decrease with increasing inequality in funds … available. This occurs not because the poor do not make a greater effort when they face higher risk but rather because the rich …

The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot …, the intensity of risk, and the way risk resolves over time. The characterized class of reference-dependent utilitarian … welfare criteria: (i) disentangle aversion to intergenerational inequality from aversion to risk; (ii) value an early …

interaction between risk sharing against idiosyncratic shocks and co-operation over public investments reducing aggregate risk in … are non-excludable, as is e.g. the case with provision by central authorities, they may harm risk sharing. Using two waves …

The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot …, the intensity of risk, and the way risk resolves over time. The characterized class of reference-dependent utilitarian … welfare criteria: (i) disentangle aversion to intergenerational inequality from aversion to risk; (ii) value an early …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …

is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment …

disaster outcomes. Using panel data from 98 countries, this paper examines how public sector corruption is associated with the …

disasters has affected corruption within the public sector. There are a number of new findings from this study. (1) Disaster …, frequency of occurrence of disaster plays important role on increasing corruption. This suggests that foreseeable disasters … increase corruption. In developed countries, people have an incentive to live within disaster-prone areas to seek compensation. …