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What we know and don't know about climate change, and implications for policy

Pindyck, Robert S. - 2020 - This draft: May 11, 2020

There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...

Persistent link: https://www.econbiz.de/10012225170

Sunk costs and risk-based barriers to entry

Pindyck, Robert S. - 2009 - This draft: Feb. 13, 2009

In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is … little consensus as to the kinds of risk that matter- systematic versus non-systematic and industry-wide versus firm …-specific - and the mechanisms through which they affect entry. I show how and to what extent different kinds of risk magnify the …

Persistent link: https://www.econbiz.de/10003948288

The economic and policy consequences of catastrophes

Pindyck, Robert S.; Wang, Neng - 2009 - This draft: September 15, 2009

What is the likelihood that the U.S. will experience a devastating catastrophic event over the next few decades – something that would substantially reduce the capital stock, GDP and wealth? What does the possibility of such an event imply for the behavior of economic variables such as...

Persistent link: https://www.econbiz.de/10003889027