At one time, risk management was limited to insurance and the avoidance of lawsuits and accidents. The new risk … firm. Trading in financial markets based on these tools can insulate companies from the risk of changes in interest rates …, input prices, or currency fluctuations. In this article Philip H. Dybvig and William J. Marshall introduce the new risk …

negatively related to basis risk, to quantity risk, and to transaction costs. Farmers who have less uncertainty about prices have … incentive to hedge can be greatly reduced. And finally, farmers who have low levels of risk aversion have little to gain from … hedging in terms of risk reduction, in that the certainty equivalent payoff at their optimal hedge may be little different to …

Using a non-parametric linear programming approach, our contribution is (1) to examine the impact of incorporating risk … in efficiency analysis and (2) to compare the efficiency measures with and without risk for continuous and rotation … gains are realized with the incorporation of risk. The t-test at the 5% level of significance examining if efficiency …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input- and profit-demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … international tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. The …

risky and volatile the money market will be. Furthermore, during the tenure of Chairman Greenspan, the volatility and risk …