In this paper, we present a version of the multivariate risk premium for additive risks and the necessary and … sufficient conditions to compare global attitudes towards multivariate risk. The link between this risk premium and well …-known partial multivariate risk premiums is then investigated. …

examined in the presence of income and capital risk and capital adjustment costs. Neutrality may be achieved with a cost of … finance deduction on the full market value of the firm, but at a risk-free interest rate plus depreciation allowances based on … the systematic and unsystematic income and capital risk characteristics of the investment. …

the assumption of the (local) love of risk of the betting audience. …

Using panel data, the relationship between income uncertainty and the stock of wealth through precautionary saving is … uncertainty in income maintain larger stocks of wealth in order to smooth consumption. These results are found by regressing net … worth against measures of permanent income (life-cycle income), measures of uncertainty, and demographic variables. …

The purpose of this paper is to investigate contract renegotiation in multi-agent situations where risk averse agents …

We analyze risk sensitive incentive compatible deposit insurance in the presence of private information when the market …