Open AccessBook
Essays in the theory of risk-bearing
About:
The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
Citations
More filters
Posted ContentDOI
Risk and market participant behavior in the U.S. slaughter-cattle market
TL;DR: Incomplete information generates uncertainty for market participants in the slaughter-cattle market and buyer and seller behavior in the presence of that uncertainty is examined in this paper, where statistically significant risk premiums are charged by packers when buying slaughter cattle on either a live- or dressed-weight basis compared to buying on a grade-and-yield basis.
Posted Content
Pareto-optimal risk sharing with fixed costs per claim
TL;DR: In this article, the authors show that the best way to deal with nuisance claims in insurance policies is not to propose a straight deductible or a franchise; rather, it calls for a contract with a partially disappearing deductible.
Book ChapterDOI
1 Econometric evaluation of asset pricing models
Wayne E. Ferson,Ravi Jagannathan +1 more
TL;DR: In this paper, the authors provide a brief review of the techniques that are based on the generalized method of moments (GMM) and used for evaluating capital asset pricing models and discuss the classical two-stage regression method originally used to evaluate them.
Journal ArticleDOI
A concurrent reconceptualization of concurrent sourcing
TL;DR: This work reconceptualizes concurrent sourcing as a set of combined governance modes— make/buy, make/ally and buy/ally—distinguished from single modes of governance by certain shared characteristics, but differing from each other in their capabilities and limitations.