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Extreme weather events pose an economic threat to farms. The risk management behaviour against such events is often studied using prospect theory as a framework, but empirically deriving corresponding parameters in the field involving farmers is challenging. To address this issue, we compare...
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management, either through some ex post disaster aid or through subsidised insurance. Farmers’ preferences were generally aligned …
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We introduce a class of quantile-based risk measures that generalize Value at Risk (VaR) and, likewise Expected Shortfall (ES), take into account both the frequency and the severity of losses. Under VaR a single confidence level is assigned regardless of the size of potential losses. We allow...
Persistent link: https://www.econbiz.de/10011900226
Nature-related financial risks have emerged as critical concerns for policymakers and financial actors. Central to this issue are ecosystem services, which play an integral role in various production processes but may be interrupted due to nature degradation. This article delves into the...
Persistent link: https://www.econbiz.de/10014563009
Treating the Russian invasion of Ukraine as a rare disaster event and defining proximity as both physical distance and … political closeness, we analyze investors’ response to disaster risk by examining the performance of commercial real estate … investments in countries of proximity to the event. We find that proximity to the war matters, but the impact of the disaster is …
Persistent link: https://www.econbiz.de/10014265260
have medium to long term effects. Unfortunately, the disaster risk reduction and management (DRRM) framework of government …
Persistent link: https://www.econbiz.de/10010505107