Among non-oil exports and in trade arena, drug has always been strategic importance and most government especially industrialized countries pay special attention to its production and trade issues. Thus, having a comprehensive view from economic perspective to this section is essential for suggesting intervention. This was a descriptive-analytical and panel study. In this study, gravity model i...

We extend a standard, rational expectation model of trade to incorporate the possibility of individual investors delegating their trades to an informed financial intermediary. In the presence of delegated trade, we show that a firm׳s risk premium is a function of both the firm׳s exposure to a common risk factor and idiosyncratic characteristics of the firm׳s information environment. We show tha...

Is There a Risk-Return Trade-Off across Occupations? Evidence from Spain We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a riskreturn trade-off across occupations in the Spanish labour marke...

Performance Pay and Risk Aversion A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of data, there has so far been hardly any empirical evidence about the sec...

When selecting habitats, herbivores must weigh multiple risks, such as predation, starvation, toxicity, and thermal stress, forcing them to make fitness trade-offs. Here, we applied the method of paired comparisons (PC) to investigate how herbivores make trade-offs between habitat features that influence selection of food patches. The method of PC measures utility and the inverse of utility, re...

Preferential trade agreements (PTAs) have become an increasingly prominent feature of the international trade environment, with salient examples being the widening and deepening of the European Union (EU), the success of the Mercosur, and the formation of the North American Free Trade Association (NAFTA). In fact, a majority of the active agreements notified to gatt through 1995 were signed in ...

Preferential trade agreements (PTAs) on services have proliferated since 2000. This working paper briefly presents the expansion of the dataset initially developed in Marchetti and Roy (2008). The data permits to assess the extent to which market access commitments undertaken by WTO Members in PTAs go beyond GATS commitments and offers made in the context of the Doha Development Agenda. The dat...

By reducing the negative correlation between local prices and productivity shocks, trade liberalization changes the volatility of returns. In the context of agriculture in developing countries—where production is risky, producers are risk averse, and insurance markets are incomplete—this change in volatility may have large welfare effects. In this paper, we empirically, analytically, and quanti...

This paper draws attention to project trade-offs significance in project management and critically reviews the current state of the knowledge on the elements to be considered and the methods to resolve trade-off decisions. Traditionally the elements to be considered in trade-offs are mainly limited to time and cost and to some extent quality or risk or the well-known Project Triangle. The trade...

– Commercial exploitation of freshwater turtles and tortoises has increased significantly in China since the 1990s, which has expedited the listing of some turtle species in Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) Appendix II. We assessed the risk to tortoises and freshwater turtles native to China by analyzing biological and socio-economic variab...