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Risk, delegation, and project scope
Roider, Andreas (contributor) - 2007
exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …
Persistent link: https://www.econbiz.de/10003566282
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Valuation of travel time and travelIer information
Rietveld, Piet - 2003
The value of travel time plays an important role in cost benefit analysis of infrastructureprojects. However, the issue of uncertainty on travel times and the implications this has forestimations of travel time values has received much less attention in the literature. In thispaper we compare...
Persistent link: https://www.econbiz.de/10011333900
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Macro, money and finance : a continuous time approach
Brunnermeier, Markus Konrad; Sannikov, Yuliy - 2016
Persistent link: https://www.econbiz.de/10011514720
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On risk and time in poverty measurement : paper presented at the 55th Congress of the International Institute of Public Finance, Moscow, Russia, 23 - 26 August 1999
Weikard, Hans-Peter (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001575315
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Mining and Quasi-Option Value
Costello, Christopher - 2015
We study the timing-of-extraction problem facing a decentralized mine owner when extraction entails environmental damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the magnitude of the damage relative to these costs in the rest of...
Persistent link: https://www.econbiz.de/10013019516
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Market Value, Time, and Risk
Treynor, Jack L. - 2015
Persistent link: https://www.econbiz.de/10013023547
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Mining and Quasi-Option Value
Costello, Christopher - 2015
We study the timing-of-extraction problem facing a decentralized mine owner when extraction entails environmental damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the magnitude of the damage relative to these costs in the rest of...
Persistent link: https://www.econbiz.de/10012457342
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How Long to Eat a Cake of Unknown Size? Optimal Time Horizon Under Uncertainty
Kumar, Ramesh C. - 2002
This paper is concerned with the determination of the optimal time horizon for the cake-eating problem under uncertainty. It is shown that if the uncertain exhaustible resource stock is a discrete random variable admitting at most a finite number of values, the optimal planning horizon is...
Persistent link: https://www.econbiz.de/10014105107
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Asset allocation for pension provision
Lahusen, Reinhard - 2002
Persistent link: https://www.econbiz.de/10001694373
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Asset allocation for pension provision
Lahusen, Reinhard - 2002
stocks. The analysis leads to the conclusion that the risk entailed in stock investment is reduced relative to the yield as …
Persistent link: https://www.econbiz.de/10010503154