Showing 1 - 10 of 311
. Information provision is preferable when uncertainty is high, as information is more valuable at this time. …
Persistent link: https://www.econbiz.de/10012816981
. We find that price sensitivity and its interplay with uncertainty have important implications for the effects of tolling … uncertainty, but it lowers welfare with uncertain capacity. Next, "third-best" tolling adds the further constraint that, besides a …-best one-raise the price compared to the no-toll case. In our numerical study, when there is less uncertainty, the second …
Persistent link: https://www.econbiz.de/10014472536
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
This paper distinguishes uncertainty types that differ continuously with respect to the degree to which uncertainty … uncertainty types can lead to quite special results. Monopoly examples of the newsboy problem type are further used to show that … depends crucially on the type of uncertainty and the employed functional forms for utilities and costs. …
Persistent link: https://www.econbiz.de/10010532588
Persistent link: https://www.econbiz.de/10009723000
to economic activity and this makes CO2 prices grow at the same rate as the economy. Second, even if uncertainty about … faster than the economy. Fifth, internalizing the social benefits of learning by doing or a shift towards technical progress …
Persistent link: https://www.econbiz.de/10012226047
We investigate how consumers respond to uncertainty about CO2 emission size. In an incentivized online experiment …
Persistent link: https://www.econbiz.de/10012285523
We focus on the effect of preference specifications on the current day valuation of future outcomes. Specifically, we analyze the effect of risk aversion, ambiguity aversion and the elasticity of intertemporal substitution on the willingness to pay to avoid climate change risk. The first part of...
Persistent link: https://www.econbiz.de/10012024032
Persistent link: https://www.econbiz.de/10010191399
gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points, carbon prices are …
Persistent link: https://www.econbiz.de/10012545087