The effective implementation of early warning is one of the best investments for disaster prevention and mitigation. In the last decade, we have witnessed strong efforts and progress towards better risk detection, monitoring and prediction. However, the best warnings are ineffective if they cannot be distributed in a timely way and targeted to people at risk. With the evolvement of new Informat...

Purpose – This paper seeks to investigate whether linkages, proposed by previous researchers, among business strategies and structural and infrastructural investment decisions of manufacturing are empirically supported. Design/methodology/approach – A sample of 101 US manufacturing firms is classified into three groups based on their predominant business strategies. The classification is valida...

Protecting constructed facilities from damages from natural and man-made hazards in a costeffective manner is a challenging task. Several measures of economic performance are available for evaluating building-related investments. These measures include, but are not limited to, life-cycle cost, present value net savings, savings-to-investment ratio, and adjusted internal rate of return. This gui...

S nonindigenous species threaten people by contributing to biodiversity loss and environmental damage (Elton; Kareiva). Managing such threats cost-effectively requires a consistent framework that captures the biological and economic circumstances that jointly determine the level of risk and the optimal mix of prevention and control strategies. The economic theory of endogenous risk provides suc...

Given the sizeable savings, many disputes are resolved via arbitration. Numerous studies have considered the strategic incentives of various forms of arbitration, most notably Final Offer Arbitration (FOA). While previous work focused exclusively on optimal offers, in reality disputants make a series of perhaps interrelated choices. This paper considers FOA disputants making an additional inves...

Replacement of the traditional interest based credit system with an Islamic credit system was one of the fundamental changes in Iran since 1979. The Islamic credit system, offers the prospect of risk sharing between the borrower and the lender. Small farmers are likely to be risk averse and they are reluctant to go heavily into debt in order to finance investments in new technology and capital ...

We study the role of vertical differentiation in the adoption of LEED (Leadership in Energy & Environmental Design), a multi-tier environmental building certification system. Our identification strategy relies on the timing of adoption, and shows that builders seek to differentiate from each other when choosing a certification level. We estimate a model that incorporates both differentiation in...

Two policy instruments for the banking sector are investigated, namely systemic risk taxation and constructive ambiguity about bailout policy. Bailout expectations can induce moral hazard in the form of excessive risk taking by banks. Systemic risk taxation induces banks to prefer uncorrelated investments, leading to lower systemic risk formation. Constructive ambiguity generates uncertainty ab...

Local Asian and international capital markets have been branded as culprits in the recent Asian financial crisis. Unfortunately, much of our understanding of the crisis stems from macro level analysis. We provide a micro level approach to understanding the Asian financial crisis that focuses on understanding the development of capital markets throughout the region as well as deciphering the per...

Smallholder farming in less-favored areas (LFAs) is simultaneously constrained by agro-ecological, economic, and institutional factors that keep households “trapped” in vicious circles of chronic poverty and resource degradation. Common strategies to address rural poverty by increasing returns to agricultural production are likely to fail, since the opportunities for investments in improved res...