independent of the risk characteristics of the investment options: the first and last investment options presented tend to receive …The aim of this study was to understand the potential effects of different information disclosures regarding risk on … retirement investing behavior. The authors developed and tested two modifications to the section on investment performance on the …

remittances are jointly determined, we exploit rainfall shocks as instrumental variables for income changes. In households with …

for land and labor from urbanization and industrialization. Given that rice farmers in Vietnam often suffer from extreme … weather events and lack of access to credit, our study aims to (i) investigate the impact of weather shocks and credit on the … rice production efficiency, and to (ii) examine the role of credit in mitigating the impact of weather shocks. We find that …

consumption, investment, and welfare of farmers in developing countries. Weather insurance has the potential to provide large …I develop and estimate a dynamic stochastic optimization model to assess the impact of weather insurance on the … be due to high insurance premium, basis risk, and the interplay with other uninsured risks …

This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty …

Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in … solved policies can prolong the peace period to find a long term solution to the conflict. -- non-systematic risk of social … conflicts ; uncertain investment in conflict ; theory of conflict ; decision to attack …

This paper uses firm level panel data from Ethiopian manufacturing to investigate the investment behavior of firms … under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of …

: capital investment, hiring, research and development, and advertising. We find that uncertainty depresses capital investment … literature emphasizing that long investment lags create valuable real put options which offset the effects of call options lost … roughly a third of the fall in capital investment and hiring that occurred in 2008-10 …

reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes … investigations of aggregate industry investment …