Narrow search
Showing 1 - 10 of 2,977
Cover Image
An equilibrium model of habitat conservation under uncertainty and irreversibility
Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2010
In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural products when...
Persistent link: https://www.econbiz.de/10008780408
Cover Image
The finance uncertainty multiplier
Alfaro, Iván; Bloom, Nicholas; Lin, Xiaoji - 2018
We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside financial frictions induces the standard real-options...
Persistent link: https://www.econbiz.de/10011895833
Cover Image
Concession length and investment timing flexibility
Alpaos, Chiara D. (contributor); Dosi, Cesare (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003358901
Cover Image
Optimal investment and financial strategies under tax rate uncertainty
Fedele, Alessandro; Panteghini, Paolo; Vergalli, Sergio - 2010 - Current version: March 23, 2010
mitigate the effect of tax rate uncertainty on investment timing. -- Capital Levy ; Corporate Taxation ; Default Risk ; Real …
Persistent link: https://www.econbiz.de/10008729101
Cover Image
An evaluation of overseas oil investment projects under uncertainty using a real options based simulation model
Zhu, Lei; Zhang, ZhongXiang; Fan, Ying - 2011
This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte …. Furthermore, among the uncertainty factors considered in the model, the investment risk of overseas oil investment may be … windfall profits tax to reduce the investment risk of overseas oil fields. -- Overseas Oil Investment ; Project Value ; Real …
Persistent link: https://www.econbiz.de/10009379748
Cover Image
Flexible waste management under uncertainty
Di Corato, Luca; Montinari, Natalia - 2013
In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a...
Persistent link: https://www.econbiz.de/10009702232
Cover Image
Managing migration through quotas : an option-theory perspective
Moretto, Michele; Vergalli, Sergio - 2008
Recent European Legislation on immigration has revealed a particular paradox on migration policies. On the one hand, the trend of recent legislation points to the increasing closure of frontiers (OECD 1999, 2001,2004), also by using immigration quotas. On the other hand, there is an increase of...
Persistent link: https://www.econbiz.de/10008772378
Cover Image
The role of community in migration dynamics
Vergalli, Sergio (contributor) - 2006
Persistent link: https://www.econbiz.de/10003258706
Cover Image
Firm regulation and profit-sharing : a real option approach
Moretto, Michele (contributor); Valbonese, Paola (contributor) - 2006
Persistent link: https://www.econbiz.de/10003258732
Cover Image
Migration dynamics
Moretto, Michele (contributor); Vergalli, Sergio (contributor) - 2005
Persistent link: https://www.econbiz.de/10003360038