Showing 116,041 - 116,050 of 116,767
Persistent link: https://www.econbiz.de/10005227117
This paper analyzes optimal incentive compatible debt contracts when lenders are risk averse. The decisive factor in … this regard is that risk aversion requiresto consider further sources of risk the lenders are exposed to. The main … due to risk aversion oflenders which is reinforced by the introduction of a further source of risk – areshown to be in …
Persistent link: https://www.econbiz.de/10005231961
Persistent link: https://www.econbiz.de/10005232863
acceptable level of the audit risk; understanding the internal control system of the entity; determining rigorously of the terms …
Persistent link: https://www.econbiz.de/10005464938
The paper focuses on the choice of forest management strategies for natural hazards by nonindustrial owners, when forest provides nontimber services. We introduce a basic two-period model where the private owner hedges against natural hazards on his/her forest thanks to financial strategies...
Persistent link: https://www.econbiz.de/10005466658
support for the hypothesis that attitude to risk and attitude to ambiguity are two independent phenomena. In fact in this … experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value … of the loss) and ambiguity averse (i.e., the mean WTP for insurance is on average higher for an ambiguous risk than for a …
Persistent link: https://www.econbiz.de/10005466665
, attitudes toward risk, stand value, and the magnitude and frequency of the public compensation on insurance expenditures and on …
Persistent link: https://www.econbiz.de/10005466666
A method is proposed to provide robust poverty comparisons and robust evaluations of marginal policy reforms under income variability. Given that a household’s certainty equivalent income depends on both expected income and income variability, stochastic dominance tests are developed in order...
Persistent link: https://www.econbiz.de/10005467355
Using longitudinal panel farm-level data, this study finds that income variability may be materially influenced by farm size. Econometric results suggest that policy analyses and other considerations of the distributional effects of, and response to, income variability for commercial scale...
Persistent link: https://www.econbiz.de/10005468469
selection decisions, farm returns, and farm risk. Results show that gains from the added planting flexibility do not offset the …
Persistent link: https://www.econbiz.de/10005469141