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This paper examines the impact that uncertainty over economic growth may have on global energy transition and CO2 …
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Extrinsic uncertainty is effective at a competitive equilibrium. This is generic if spot markets are inoperative: the … structure of payoffs of assets may allow for non-trivial allocations invariant with respect to the extrinsic uncertainty, and …
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-formally the author's recent work and concerns. Uncertainty and incomplete markets breed demand volatility as well as price and …
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In perfectly competitive economies under uncertainty, there is a well-known equivalence between a formulation with …
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Redistributive taxation under uncertainty has two functions: not only the redistribution of income across individuals … complete knowledge of incomes. If uncertainty is only solved after mobility has occurred, then it is possible to have …
Persistent link: https://www.econbiz.de/10005008401
allocations of endowments, identifies the preferences and beliefs of individuals under uncertainty; this is the case even if the …
Persistent link: https://www.econbiz.de/10005042902