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Are Remittances Insurance? Evidence from Rainfall Shocks in the Philippines

Yang, Dean; Choi, HwaJung - Research Seminar in International Economics, University … - 2005

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

Risk and De-collectivization in the Czech Republic

Bezemer, Dirk J. - EconWPA - 2001

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

Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - EconWPA - 2004

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

Risk, productive government expenditure, and the world economy

Erauskin-Iurrita, Inaki - EconWPA - 2004

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

Urban Growth, Uninsured Risk, and the Rural Origins of Aggregate Volatility

Poelhekke, Steven - Department of Economics, European University Institute - 2008

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

Social context and the utility of wealth: Addressing the Markowitz challenge

Coelho, Philip R. P.; McClure, James E. - Department of Economics, Ball State University - 1996

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

To Tie the Knot or Not

Sahib, Padma Rao; Gu, Xinhua - In: Demographic Research 6 (2002) 13, pp. 355-382

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

Supply Chain Concept: A Case Study

Kavcic, Klemen; Bratina, Danijel - In: Management 3 (2008) 2, pp. 137-151

Supply chain management knowledge has been dramatically growing in the past few years. The traditional concept of management with the aim to maximize profits and minimize cost of a company’s functions, is being replaced by the concept of supply chain management (SCM). The principal idea of a...

Persistent link: https://www.econbiz.de/10005558411

The epistemology of modern finance

De Scheemaekere, Xavier - Centre Emile Bernheim, Solvay Brussels School of … - 2006

economics and their connection to risk and uncertainty. Risk-neutral valuation, a direct consequence of Black-Scholes model …, restricts the range of individual and subjective uncertainty by putting a price on replicable risk, thereby conferring to modern …

Persistent link: https://www.econbiz.de/10005558854

Insécurité alimentaire, vulnérabilité et pauvreté en milieu rural au Burkina : une approche en termes de consommation d'énergie

Ouédraogo, Denis; Kaboré, Moussa; Kienou, Blaise - In: Mondes en développement n° 140 (2007) 4, pp. 65-84

In Burkina, vulnerability and poverty analysis have been dominated by the monetary approach. Using the generalized formula of poverty index developed by Foster and al. (1984), we try to define new concepts of poverty in relation with dietary needs and energy intakes. Our results show that...

Persistent link: https://www.econbiz.de/10005560272