, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …

under uncertainty and irreversibility. Unlike other approaches we include accumulative schooling costs, and provide a full …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public …

, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

-perpetual real options framework analyzing optimal climate policy under uncertainty. The window-of-opportunity modelling setup shows … implementation of a climate policy is evaded by high uncertainty about possible climate pathways …