Similar Search Results

Environmental prices, uncertainty and learning

Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2009

uncertainty not just about individual parameters but about the structure of the problem and how to model it. A further …

Persistent link: https://www.econbiz.de/10010884522

Uncertainty and leveraged Lucas Trees: the cross section of equilibrium volatility risk premia

Vedolin, Andrea - London School of Economics (LSE) - 2012

orchard with heterogeneous beliefs, stochastic macro-economic uncertainty, and default risk. I study two manifestations of … uncertainty, namely (i) agents’ disagreement and (ii) time-varying volatility of fundamental growth rates. The paper shows that … moments of the risk premium distribution. Together with uncertainty, default risk associated with levered trees implies a non …

Persistent link: https://www.econbiz.de/10010745732

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

Social networks and technology adoption in Northern Mozambique

Bandiera, Oriana; Rasul, Imran - London School of Economics (LSE) - 2002

Despite their potentially strong impact on poverty, agricultural innovations are often adopted slowly. Using a unique household dataset on sunflower adoption in Mozambique, we analyse whether and how individual adoption decisions depend upon the choices of others in the same social networks....

Persistent link: https://www.econbiz.de/10010884493

Trade, technology adoption and wage inequalities: theory and evidence

Bas, Maria - London School of Economics (LSE) - 2008

This paper develops a model of trade that features heterogeneous firms, technology choice and different types of skilled labor in a general equilibrium framework. Its main contribution is to explain the impact of trade integration on technology adoption and wage inequalities. It also provides...

Persistent link: https://www.econbiz.de/10010744963

Pollution permits, strategic trading and dynamic technology adoption

Moreno-Bromberg, Santiago; Taschini, Luca - London School of Economics (LSE) - 2011

This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and trade permits. In the model, technology adoption and...

Persistent link: https://www.econbiz.de/10010745754

Competing technologies in the database management systems market

Kretschmer, Tobias - London School of Economics (LSE) - 2006

In this paper, we study the dynamics of the market for Database Management Systems (DBMS), which is commonly assumed to possess network effects and where there is still some viable competition in our study period, 2000 – 2004. Specifically, we make use of a unique and detailed dataset on...

Persistent link: https://www.econbiz.de/10010746425

Temporary protection and technology adoption: evidence from the Napoleonic blockade

Juhász, Réka - London School of Economics (LSE) - 2014

This paper uses a natural experiment to assess whether temporary protection from trade with industrial leaders can foster development of infant industries in follower countries. Using a new dataset compiled from primary sources, I find that in the short-run regions (départements) in the French...

Persistent link: https://www.econbiz.de/10011126153

Technology, information and the decentralization of the firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - London School of Economics (LSE) - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...

Persistent link: https://www.econbiz.de/10010884642

The lifecycle of the financial sector and other speculative industries

Biais, Bruno; Rochet, Jean-Charles; Woolley, Paul - London School of Economics (LSE) - 2009

Speculative industries exploit novel technologies subject to two risks. First, there is uncertainty about the …

Persistent link: https://www.econbiz.de/10010744809