scholarly journals Measuring risk premium and disaster risk preference of households in use of CVM

2005 ◽  
Vol 22 ◽  
pp. 325-334 ◽  
Author(s):  
Yoko MATSUDA ◽  
Hirokazu TATANO ◽  
Norio OKADA
Keyword(s):  
Risk Premium ◽  
Risk Preference ◽  
Disaster Risk

scholarly journals Risk Aversion and Timber Harvest Strategies: A Case Study of Nonindustrial Private Forest Management in Louisiana

2022 ◽  
Author(s):  
Hua Wang ◽  
Naveen Adusumilli ◽  
Michael Blazier ◽  
Santosh Pathak
Keyword(s):  
Forest Management ◽  
Risk Aversion ◽  
Risk Premium ◽  
Policy Development ◽  
Forest Policy ◽  
Risk Preference ◽  
Timber Harvest ◽  
Forest Owners ◽  
Management Actions ◽  
Management Alternatives

AbstractForest owners face many challenges regarding forest management due to the long period from planting to harvest. Along with the economic and environmental factors that influence management actions, the owners' attitude to risk plays a crucial role in forest management decisions. This study shows that understanding the effects of the owner's risk preference for management actions is an important step to form an effective forest policy. The objectives of the study are to (1) assess the economic advantage of forest management alternatives over a range of risk aversion coefficients and (2) determine the financial incentive (risk premium) corresponding to a forest owners' risk attitude. We implemented the stochastic efficiency with respect to a function framework to evaluate a set of fertilization, herbicide, and thinning management alternatives at mid-rotation loblolly pine plantations in Louisiana. Results from this study indicate that forest owner's risk preference affects their decision to select management actions. Financial incentives are substantially different for specific management alternatives between risk-neutral and risk-averse forest owners. The results can guide forest policy development where agencies can modify financial assistance programs to improve the adoption of management actions.

scholarly journals Rare disaster risk and the expected equity risk premium

2015 ◽  
Vol 57 (2) ◽  
pp. 351-372 ◽  
Author(s):  
Henk Berkman ◽  
Ben Jacobsen ◽  
John B. Lee
Keyword(s):  
Risk Premium ◽  
Disaster Risk ◽  
Equity Risk Premium ◽  
Equity Risk

Risk Preference Elicitation and the Role of Personality and Intelligence

2009 ◽  
Author(s):  
Tanja F. Blackstone ◽  
Jerry C. Crabb ◽  
Frederick L. Oswald
Keyword(s):  
Risk Preference ◽  
Preference Elicitation

Disaster Risk Management and Reconstruction in Latin America

2014 ◽  
Author(s):  
Bárbara Montoro ◽  
Pedro Ferradas ◽  
Miguel Muñoz ◽  
Douglas Azabache ◽  
Orlando Chuquisengo ◽  
...  
Keyword(s):  
Risk Management ◽  
Latin America ◽  
Disaster Risk ◽  
Disaster Risk Management

The long-run stability of a small, open economy under crawling peg regime

2002 ◽  
Vol 52 (1) ◽  
pp. 57-78
Author(s):  
S. Çiftçioğlu
Keyword(s):  
Exchange Rate ◽  
Open Economy ◽  
Risk Premium ◽  
Small Open Economy ◽  
Exchange Rate Policy ◽  
Price Stability ◽  
Output Stability ◽  
Long Run ◽  
The Exchange Rate ◽  
The Impact

The paper analyses the long-run (steady-state) output and price stability of a small, open economy which adopts a “crawling-peg” type of exchange-rate regime in the presence of various kinds of random shocks. Analytical and simulation results suggest that with the exception of money demand shocks, an exchange rate policy which involves a relatively higher rate of indexation of the exchange rate to price level is likely to lead to the worsening of price stability for all types of shocks. On the other hand, the impact of adopting such a policy on output stability depends on the type of the shock; for policy shocks to the exchange rate and shocks to output demand, output stability is worsened whereas for the shocks to risk premium of domestic assets, supply price of domestic output and the wage rate, better output stability is achieved in the long run.

Managing disaster risk in Mexico

1999 ◽  
Author(s):  
Alcira Kreimer ◽  
Margaret Arnold ◽  
Christopher Barham ◽  
Paul Freeman ◽  
Roy Gilbert ◽  
...  
Keyword(s):  
Disaster Risk
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