Showing 1 - 10 of 163
of forest coverage, for the next 20, 100 and 200 years. Our results suggest that the uncertainty characterizing forest …
Persistent link: https://www.econbiz.de/10011586848
under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …
Persistent link: https://www.econbiz.de/10010279427
landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion … Government to induce adequate participation in a conservation plan. We study the impact of uncertainty on the optimal conversion … of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short …
Persistent link: https://www.econbiz.de/10010279632
Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …
Persistent link: https://www.econbiz.de/10010279401
In this paper a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant. The leasing payment is certain while the net revenues from agriculture are uncertain. We identify the profit values at which...
Persistent link: https://www.econbiz.de/10010279485
This paper develops linear quadratic robust control theory for a class of spatially invariant distributed control systems that appear in areas of economics such as New Economic Geography, management of ecological systems, optimal harvesting of spatially mobile species, and the like. Since this...
Persistent link: https://www.econbiz.de/10010272439
demonstrates a multistage stochastic programming framework for catastrophe modeling with endogenous uncertainty, applied to a … setting with endogenous uncertainty leads to more stringent climate policy recommendations (increasing the CO2 control rate by …
Persistent link: https://www.econbiz.de/10011307301
In Italy and in many EU countries, the last decade was characterized by a large development of distributed generation power plants. Their presence determined new critical issues for the design and management of the overall energy system and the electric grid due to the presence of discontinuous...
Persistent link: https://www.econbiz.de/10011586852
In this paper the climate change effect is an unforeseen earth temperature level above which a negative externality on technology and hence on society's welfare is exerted. We use a dynamic overlapping generations model to develop a positive analysis of the growth path of an economy with the...
Persistent link: https://www.econbiz.de/10011608278
It has been established in the medical literature that self-medicating with imperfect information about either the use of a genuine or counterfeit drug or based on wrong self-diagnosis of ailment, which is predominant especially in developing countries, is a risky investment in health capital....
Persistent link: https://www.econbiz.de/10010270943