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High impact, low probability? An empirical analysis of risk in the economics of climate change
Dietz, Simon - London School of Economics (LSE) - 2009
To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the contention increasingly made that climate damage could be so large that societal willingness to pay to avoid extreme...
Persistent link: https://www.econbiz.de/10010746080
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Fluctuations in uncertainty
Bloom, Nicholas - London School of Economics (LSE) - 2013
This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii) why does uncertainty vary; (iii) do fluctuations in uncertainty matter; and (iv) did higher uncertainty worsen the Great Recession of 2007-2009? On the first question both macro...
Persistent link: https://www.econbiz.de/10011126328
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The broadening spectrum of reputation risk in organizations: banking on risk and trust relationships
Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2004
Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …
Persistent link: https://www.econbiz.de/10010744830
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Risk-adjusted poverty in Argentina: measurement and determinants
Cruces, Guillermo; Wodon, Quentin - London School of Economics (LSE) - 2003
Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …
Persistent link: https://www.econbiz.de/10010746011
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Income fluctuation, poverty and well-being over time: theory and application to Argentina
Cruces, Guillermo - London School of Economics (LSE) - 2005
This paper studies poverty as a dynamic phenomenon, motivated by the recurring economic crises that affect developing countries and the incidence of income fluctuations on household welfare. While the increasing availability of household panel data has been exploited in theoretical analysis and...
Persistent link: https://www.econbiz.de/10010746722
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A note on the value of foregone open space in sprawling cities
Rouwendal, Jan; Vermeulen, Wouter - London School of Economics (LSE) - 2012
Foregone benefits of the open space that is sacrificed through urban sprawl are hard to quantify. We obtain a simple benchmark measure by introducing a demand for trips beyond the urban boundary into the monocentric city model. The externality arises from the increase in travel costs that...
Persistent link: https://www.econbiz.de/10011125943
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Cost-effective payments for reducing emissions from deforestation under uncertainty
Engel, Stefanie; Palmer, Charles; Taschini, Luca; … - London School of Economics (LSE) - 2012
The paper analyses the implications of landowners’ option values in land allocation and derives policy recommendations for payments for Reducing Emissions from Deforestation and Forest Degradation (REDD). Given that REDD will not represent a permanent change in the cumulative flux of carbon...
Persistent link: https://www.econbiz.de/10010746548
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Urbanity
Ahfeldt, Gabriel M. - London School of Economics (LSE) - 2013
I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spatial pattern of house prices and photos I identify the value of urbanity in...
Persistent link: https://www.econbiz.de/10011126450
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Environmental prices, uncertainty and learning
Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2009
There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...
Persistent link: https://www.econbiz.de/10010884522
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The impacts of climate change levy on business: evidence from microdata
Martin, Ralf; de Preux, Laure B.; Wagner, Ulrich J. - London School of Economics (LSE) - 2009
We estimate the impacts of an energy tax – the Climate Change Levy (CCL) – on the manufacturing sector using panel data from the UK production census. Our identification strategy builds on the comparison of trends in outcomes between plants subject to the CCL and plants that were granted an...
Persistent link: https://www.econbiz.de/10010884619