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Accounting for Different Uncertainties: Implications for Climate Investments?

Hector, Svenja - Fondazione ENI Enrico Mattei (FEEM) - 2013

The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...

Persistent link: https://www.econbiz.de/10010904906

Sharing of Climate Risks across World Regions

Emmerling, Johannes - Fondazione ENI Enrico Mattei (FEEM) - 2014

Uncertainty is prevalent in the context of climate change impacts. Moreover, the distribution across the globe is not uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify the potential welfare gains from such a scheme....

Persistent link: https://www.econbiz.de/10010941054

The Effect of Risk, Ambiguity and Coordination on Farmers’ Adaptation to Climate Change: A Framed Field Experiment

Alpizar, Francisco; Carlsson, Fredrik; Naranjo, Maria - Fondazione ENI Enrico Mattei (FEEM) - 2010

The risk of losses of income and productive means due to adverse weather associated to climate change can significantly differ between farmers sharing a productive landscape. It is important to learn more about how farmers react to different levels of risk, under measurable and unmeasurable...

Persistent link: https://www.econbiz.de/10008465542

A Comparison Between Shale Gas in China and Unconventional Fuel Development in the United States: Health, Water and Environmental Risks

Farah, Paolo D.; Tremolada, Riccardo - Fondazione ENI Enrico Mattei (FEEM) - 2013

China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...

Persistent link: https://www.econbiz.de/10010732280

Gender Issue and Water Management in the Mediterranean Basin, Middle East and North Africa

Minoia, Giulia - Fondazione ENI Enrico Mattei (FEEM) - 2007

This article aims to investigate some aspects of the social process related to water resources management and gender … relations. Given that gender and water management are interrelated issues exposed to a growing attention at the international … reach an improved governance and planning in the field of sustainable water management. Therefore, to investigate gender …

Persistent link: https://www.econbiz.de/10005385481

Optimal Climate Policy for a Pessimistic Social Planner

Valentini, Edilio; Vitale, Paolo - Fondazione ENI Enrico Mattei (FEEM) - 2014

In this paper we characterize the preferences of a pessimistic social planner concerned with the potential costs of extreme, low-probability climate events. This pessimistic attitude is represented by a recursive optimization criterion à la Hansen and Sargent (1995) that introduces...

Persistent link: https://www.econbiz.de/10010757695

The Role of Risk Aversion and Lay Risk in the Probabilistic Externality Assessment for Oil Tanker Routes to Europe

Bigano, Andrea; Cassinelli, Mariaester; Markandya, Anil; … - Fondazione ENI Enrico Mattei (FEEM) - 2006

Oil spills are a major cause of environmental concern, in particular for Europe. However, the traditional approach to the evaluation of the expected external costs of these accidents fails to take into full account the implications of their probabilistic nature. By adapting a methodology...

Persistent link: https://www.econbiz.de/10005423260

All-Pay Auctions with Weakly Risk-Averse Buyers

Fibich, Gadi; Gavious, Arieh; Sela, Aner - Fondazione ENI Enrico Mattei (FEEM) - 2004

We use perturbation analysis to study independent private-value all-pay auctions with weakly risk-averse buyers. We show that under weak risk aversion: 1) Buyers with low values bid lower and buyers with high values bid higher than they would bid in the risk neutral case. 2) Buyers with low...

Persistent link: https://www.econbiz.de/10005570309

The Empirics of Social Capital and Economic Development: A Critical Perspective

Sabatini, Fabio - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper provides an introduction to the concept of social capital, and carries out a critical review of the empirical literature on social capital and economic development. The survey points out six main weaknesses affecting the empirics of social capital. Identified weaknesses are then used...

Persistent link: https://www.econbiz.de/10005230901

The Right Amount of Trust

Butler, Jeffrey; Giuliano, Paola; Guiso, Luigi - Fondazione ENI Enrico Mattei (FEEM) - 2010

We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled with the tendency of individuals to extrapolate...

Persistent link: https://www.econbiz.de/10008642148