Showing 1 - 10 of 108
This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and trade permits. In the model, technology adoption and...
Persistent link: https://www.econbiz.de/10008914285
This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …
Persistent link: https://www.econbiz.de/10010736746
uncertainty on firms’ decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms’ decisions …
Persistent link: https://www.econbiz.de/10010674454
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …
Persistent link: https://www.econbiz.de/10010960647
The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...
Persistent link: https://www.econbiz.de/10009649700
)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will … future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …
Persistent link: https://www.econbiz.de/10010544183
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a … comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the … assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the …
Persistent link: https://www.econbiz.de/10009645646
Over the past 20 years, macroeconomists have incorporated more and more results from behavioral economics into their models. We argue that doing so has helped fixed deficiencies with standard approaches to modeling the economy—for example, the counterfactual absence of inertia in the standard...
Persistent link: https://www.econbiz.de/10010877677
Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...
Persistent link: https://www.econbiz.de/10010877742
they behave the same as the males. Thus part of the observed gender difference in behavior under uncertainty found in …
Persistent link: https://www.econbiz.de/10010877772