-time investment in damage-control technology and subsequently decides on a desirable dynamic emissions policy. Adopting the robust … optimal investment in damage control is always increasing in the degree of uncertainty, thus confirming the conventional PP … cost of damage-control technology is low enough, damage-control investment and mitigation may act as substitutes and a PP …

agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …

's wealth could increase as compared to the holdings under the Merton rule, which is the standard risk aversion case. With two …

employees' investment decisions; (2) the amount of funds invested in the stock plans seems driven by a different set of forces …

This paper distinguishes relative risk aversion and resistance to intertemporal substitution in climate risk modelling …. It shows that higher risk aversion increases the optimal carbon tax. Higher resistance to intertemporal substitution … alone has the same effect as increasing the discount rate, provided that the risk is not too large. We discuss implications …

This paper reports results from a laboratory experiment on network formation among heterogeneous agents. The …