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(PP) and decision analysis (DA), for natural resources management within the context of climate change research. The … proposal is presented, called NetSyMoD (Network Analysis Creative System Modelling Decision Support), which aims at … facilitating the involvement of stakeholders or experts in policy - or decision-making processes (P/DMP). A generic P/DMP is …
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I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...
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It has long been recognized that there is considerable heterogeneity in individual risk taking behavior but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture regression model for three...
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