Non diversifiable risk 

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discounting investments mitigation and adaptation pdf
... non-diversifiable risk in aggregate wealth. in this paper, we have generalized this insight to include non-diversifiable risk with respect to average global temperature. using this result, we have shown that climate and non ...
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rhineland-exit.pdf
... diversify this risk on capital markets. workers then have to assume only risk on their general human capital (and even that can perhaps be partly insured) and some non-diversifiable aggregate risk ... diversify the firm-specific risk, they cannot diversify aggregate risk because these 23 risks affect all parties in the same way. however, this excess short-run non-diversifiable risk imposed on capital ...
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