Typical of the AIDS epidemics is that governments in developing countries under-invest in drugs production because of the possible appearance of a curative vaccine. We design a set of financial tools allowing to hedge against this event and achieving full risk-sharing. We show that the...

Significant changes under the 1996 FAIR Act and recent trade agreements are occurring in the U.S. farm sector. The changes will affect both the source and the magnitude of the business and financial risks that farmers will be required to manage. The objectives of this study were to investigate...

Significant changes under the 1996 FAIR Act and trade agreements are occurring in the U.S. farm sector. The changes will affect both the source and the magnitude of the business and financial risks that farmers will be required to manage. The objectives of this study were to investigate farmer...

Le processus d’innovation ne concerne plus seulement l’entrepreneur innovateur qui, à l’image de Bernard Palissy, brûlerait jusqu’à ses meubles pour atteindre son objectif. L’intermédiation des institutions financières et le développement de nouveaux instruments financiers ou...

Dieser Beitrag ist das Ergebnis eines sechs Monate langen Studienprojekts, durchgeführt an der Fakultät für Wirtschafts- und Organisationswissenschaften (WOW) an der Universität der Bundeswehr München. Gemeinsam mit 17 (männlichen und weiblichen) Studenten hat das "akademische Team",...

This paper is concerned with fiscal externalities arising from local taxation of a mobile factor. Using a panel of more 1100 local jurisdictions it provides empirical evidence on how the local tax rate as well as the tax rate in the neighborhood affect the local tax base. The results support the...

Smartphone use has proliferated globally. However, there is a lack of understanding regarding the fast adoption of the technology at individual level, specifically for personal use. Technology adoption varies across geographic regions, and smartphone adoption is no exception. This article...