Results 161 to 170 of about 6,023,559 (283)

Lurking Patent Claims and Strategic Royalty Contracts

The Journal of Industrial Economics, EarlyView.
ABSTRACT This paper analyzes optimal licensing contracts when a licensee faces the risk of future infringement claims by unknown patent holders. In a setting where a noncompeting licensor contracts with a monopolistic manufacturer, fixed‐fee licensing is optimal absent such claims.
Jay Pil Choi
wiley   +1 more source

Anti-comonotone random variables and anti-monotone risk aversion [PDF]

This paper focuses on the study of decision making under risk. We first recall some model-free definitions of risl aversion and increase in risk. We propose a new form of behavior under risk that we call anti-monotone risk aversion (hererafter referred ...
Moez Abouda, Elyess Farhoud
core  

The Adaptive Objectives of State‐Owned Enterprises amid Economic and Political Shifts: Evidence from Brazilian Firms, 1973–1993

Journal of Management Studies, EarlyView.
Abstract We theorize how state ownership reweights organizational objectives when political and market conditions shift. Using a mixed‐method, history‐to‐theory design, we examine 160 state‐owned and 132 private Brazilian firms from 1973 to 1993. We argue that two mechanisms – appointment politicization and constituency‐protection salience – alter ...
Paul Ferreira, Sergio G. Lazzarini, Aldo Musacchio   +2 more
wiley   +1 more source

Inequality Aversion and Risk Attitudes [PDF]

Using self reported measures of life satisfaction and risk attitudes, we empirically test whether there is a relationship between individuals inequality and risk aversion.
Ramos, Xavi, Ferrer-i-Carbonell, Ada
core  

Driven by risk: Understanding reference‐dependent preferences using simulated auto racing

Journal of Risk and Insurance, EarlyView.
Abstract Using data from over 56,000 simulated auto races worldwide, we analyze risk‐taking at the margins, consistent with reference‐dependent preferences. We show that participants' risk‐taking changes when a desired intermittent outcome is presented, sometimes at the expense of a more favorable expected end state.
James Hilliard, Annette Hofmann, David Weber   +2 more
wiley   +1 more source

Supply Side Implications of Ambiguity Aversion for Risk Premium and Risk-Free Rate Puzzles [PDF]

برنامه‌ریزی و بودجه
Since the 1990s, many economists have taken different approaches towards resolving the risk premium and risk free rate puzzles. Identifying causes of these two puzzles can help investors, regulators and policy makers in finding out determinants of the ...
Mohammad Feghhi Kashani, zahra ziyaee
doaj  

Risk and Inequality Aversion in Social Dilemmas [PDF]

We experimentally investigate cooperative behavior in a social dilemma situation, where the socially efficient outcome may be encouraged by risk aversion and/or inequality aversion.
Brice Magdalou, Dimitri Dubois, Phu Nguyen-Van   +2 more
core  

Dynamic capital allocation in general insurance

Journal of Risk and Insurance, EarlyView.
Abstract This paper provides a model for allocating capital to different insurance lines with varying development periods for a value‐maximizing insurance company. In our model, the company makes capitalization and exposure decisions considering its capital level and its relevant loss history.
Qiheng Guo, Daniel Bauer, George H. Zanjani   +2 more
wiley   +1 more source

A joint model of cost and churn for the insurance industry

Journal of Risk and Insurance, EarlyView.
Abstract In insurance markets, claim costs are highly variable, heavy‐tailed, and difficult to predict. At the same time, policyholder retention and lapse behavior (customer churn) are critical determinants of long‐term profitability and solvency. Most existing models in the literature treat claim costs and lapses as independent, overlooking potential ...
Yumo Dong, Edward W. (Jed) Frees, Fei Huang, Francis K. C. Hui, Harald J. van Heerde   +4 more
wiley   +1 more source

Generalised Means of Simple Utility Functions with Risk Aversion [PDF]

The paper examines the properties of a generalised mean of simple utilities each displaying risk aversion, that is, with first derivative positive and second derivative negative.
Denis Conniffe
core