Showing 100,911 - 100,920 of 101,678
Persistent link: https://www.econbiz.de/10005669966
The purpose of the paper is to investigate how side track (or collusion) among agents affects the principal's welfare in a hidden action model. We assume that the agent's actions are mutually observable but not contradictable among them and hence direct coordination of actions via side...
Persistent link: https://www.econbiz.de/10005670105
The value of a statistical life (VSL) is a very controversial topic, but one which is essential to the optimization of governmental decisions. Indeed, our society faces any number of risks (health, transportation, work, etc.) and, as resources are limited, their complete elimination is...
Persistent link: https://www.econbiz.de/10005670299
Persistent link: https://www.econbiz.de/10005670308
This paper studies poverty as a dynamic phenomenon, motivated by the recurringeconomic crises that affect developing countries and the incidence of income fluctuationson household welfare. While the increasing availability of household panel data has beenexploited in theoretical analysis and...
Persistent link: https://www.econbiz.de/10005670741
flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …
Persistent link: https://www.econbiz.de/10005670749
Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presents exploratory research … designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two …
Persistent link: https://www.econbiz.de/10005670764
, with a short maturity or indexed. It analyses empirically the determinants of these risk sources separately, developing a … risk. Only inflation impacts all types of risky debt, underscoring the overarching importance of monetary credibility to …
Persistent link: https://www.econbiz.de/10005670900
. Should be exert more effort when he becomes more risk-averse? For instance, should we expect more risk-averse drivers to …
Persistent link: https://www.econbiz.de/10005671152
Persistent link: https://www.econbiz.de/10005671169