We present a model where the enforcement of international risk sharing contracts is costly. With non diversifiable enforcement costs, welfare is not necessarily maximized for perfect worldwide risk sharing. Some groupings, or “pools” of countries can deliver higher welfare, with higher diversification gains net of enforcement costs. We construct an exhaustive list of such pools of countries. Fo...

We show that the stylized facts of the Firm Size Distribution (FSD) by age cohorts, as shown in Cabral and Mata (2003), bind within 4-digit manufacturing industries in the UK and Belgium. As in Klepper and Thompson (2006) and Sutton (1998), we explore whether time to build a portfolio of products is a mechanism that relates age to firm size. While inter industry diversification, to some extent,...

The old adage about putting all of one’s eggs in one basket was thought wise long before the advent of modern portfolio theory and the important results of Markowitz (1959) and others. However, despite the anecdotal imperative to investors to diversify their portfolios, the empirical reality is that diversification rarely takes place as recommended by portfolio theory. In this paper, I demonstr...

abstract the industrial dairy farms in iran are facing several economic problems and about six percent of these farms were shut down in fars province due to low profitability. despite such problems and availability of other enterprises in the region, farmers do not switch to other farm activities. in this context, the factors affecting acceptance of diversification options were investigated in ...

The main objective of the study was to determine strategic innovations and marketability real estate housing units in Nairobi County. research design that adopted descriptive design. Target population for 85. researcher obtained data through online delivery via various media platforms such as WhatsApp, email Facebook. Data analyzed SPSS software version 23. Results presentation addressed approp...

Background: Utilization of livestock waste and by products are always considered to be an important source livelihood for environment protection agricultural development. The study explores the prospective scope utilization dwelling into holdings their health profile, management bio-security practices sustainable livelihoods small marginal farmers tribal belts. Methods: With empirical survey, a...