northwest Europe. In addition, the mortgage characteristics vary from a short-term serial loan to a high-risk endowment mortgage … mortgage) was used to calculate the net mortgage repayments and the associated mortgage risk. This simulation was undertaken …

This paper argues that moderate unemployment insurance not only reduces the uncertainty faced by risk-averse workers … without unemployment insurance, because the labor market endogenously creates jobs that provide risk-averse workers with low … unemployment risk and low wages. Essentially, the labor market offers its own version of insurance. …

competitive market maker faces n risk neutral traders with unit demands or suppliers. It is private information whether any given …

, soybeans, and cotton. For these five crops, I investigate the importance of risk and three types of incentive problems that are … commonly regarded to 'cause' sharecropping. A direct measure of risk from county level weather data is constructed and this …

occasional spikes. Appropriate pricing, portfolio, and risk management models have to incorporate these characteristics, and the …

The risk of investment in schooling has largely been ignored. We mimic the investment decision facing a student and … of rates of return appears positively skewed. Our best estimate of ex ante risk in university education is a coefficient … of variation of about 0.3, comparable with that in a randomly selected financial portfolio with some 30 stocks. With risk …

. This is compared with a risk free treatment. We find that subjects do not change their behavior in the face of risky … outcomes. Additionally, we measure risk attitude and the emotions of subjects. While we find a strong influence of emotions …, individual risk aversion has no effect on the decision to punish or reward. This is good news for lab experiments who abstract …

credibility products which cannot be easily differentiated from the rest, we find that consumers face a risk when purchasing them …