Narrow search
Showing 1 - 10 of 86
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Inflation premium and oil price volatility
Castillo, Paul; Montoro, Carlos; Tuesta, Vicente - London School of Economics (LSE) - 2007
higher relative prices as a premium in compensation for the risk that oil price volatility generates on their marginal costs …
Persistent link: https://www.econbiz.de/10010745827
Cover Image
A comparison of reduced-form permit price models and their empirical performances
Grüll, Georg; Taschini, Luca - London School of Economics (LSE) - 2010
Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives first a reducedform model from an equilibrium model and thereby explains how existing reducedform models are related to equilibrium models. Second, by...
Persistent link: https://www.econbiz.de/10011071177
Cover Image
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
Cover Image
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
Cover Image
Why is the US so energy intensive?: evidence from US multinationals in the UK
Martin, Ralf - London School of Economics (LSE) - 2009
At present the USA is - in per capita terms - the top greenhouse gas polluter among the world’s major economies. This is mirrored by the high energy intensity of all sectors of the US economy including manufacturing industries. A potential explanation for the higher energy intensity is lower...
Persistent link: https://www.econbiz.de/10010744908