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assistance to South (thus enhancing South's adaptation capacity) can facilitate pollution mitigation in both regions, especially … is used to analyze the impact of adaptation assistance from North to South. It is shown that North's unilateral …
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adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors … that a larger loss size and a longer time in a losing position are related to higher adaptation levels. These higher … adaptation levels relate to less positive emotions and less optimistic expectations about future price changes. The actual …
Persistent link: https://www.econbiz.de/10011377365
These notes review two simple heterogeneous agent models in economics and finance. The first is a cobweb model with rational versus naive agents introduced in Brock and Hommes (1997). The second is an asset pricing model with fundamentalists versus technical traders introduced in Brock and...
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I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in …
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We show that OPEC's market power contributes to climate change by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We examine the importance of this extraction sequence effect by calibrating and simulating a cartel-fringe model of the...
Persistent link: https://www.econbiz.de/10012149825
We show that OPEC's market power contributes to global warming by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We fully characterize the equilibrium of a cartel-fringe model and use a calibration to examine the importance of this...
Persistent link: https://www.econbiz.de/10011773005