’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …

-time investment in damage-control technology and subsequently decides on a desirable dynamic emissions policy. Adopting the robust … optimal investment in damage control is always increasing in the degree of uncertainty, thus confirming the conventional PP … cost of damage-control technology is low enough, damage-control investment and mitigation may act as substitutes and a PP …

magnitude of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. In this paper …

the risk and return characteristics of stocks through the massive accompanying advertising campaigns– boosted demand for …

assessment of benefits, on the way to deal with climate change, on the spatial variability of weather and on the interactions …