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Building uncertainty into the adaptation cost estimation in integrated assessment models

Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016

uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …

Persistent link: https://www.econbiz.de/10011451668

Optimal trade policy in non-competitive economy

Palokangas, Tapio K. - 1987

Persistent link: https://www.econbiz.de/10000759453

Optimal trade policy with non-competitive wage fixing

Palokangas, Tapio K. - 1989

Persistent link: https://www.econbiz.de/10000785911

A news-based approach to monitoring trade policy uncertainty in a small open economy : the case of New Zealand

Ballingall, John; Dorigo, Enrico; Hogan, James; Lees, Kirdan - 2020

Persistent link: https://www.econbiz.de/10012426563

Truncated firm productivity distributions and trade margins

Coughlin, Cletus Charles; Bandyopadhyay, Subhayu - 2017

A standard theoretical prediction is that average exports are independent of tariff rates when the underlying distribution of firm productivities is assumed to be the widely-used Pareto distribution. Assuming that the underlying distribution has no upper bound is undoubtedly inaccurate and...

Persistent link: https://www.econbiz.de/10011691604

Monetary policy uncertainty and firm dynamics

Fasani, Stefano; Mumtaz, Haroon; Rossi, Lorenza - 2020

This paper uses a FAVAR model with external instruments to show that the policy uncertainty shocks are recessionary and are associated with an increase in the exit of firms and a decrease in entry and in the stock price with total factor productivity rising in the medium run. To explain this...

Persistent link: https://www.econbiz.de/10012243253

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the degree of uncertainty facing individual firms not...

Persistent link: https://www.econbiz.de/10011401309

Finding common ground when experts disagree : belief dominance over portfolios of alternatives

Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...

Persistent link: https://www.econbiz.de/10011504367

Uncertainty and risk-aversion in a dynamic oligopoly with sticky prices

Valentini, Edilio; Vitale, Paolo - 2019

In this paper we present a dynamic discrete-time model that allows to investigate the impact of risk-aversion in an …-time limit of our model with no uncertainty and no risk-aversion. Focusing on the continuous-time limit of the infinite horizon … inversely related to the degrees of uncertainty and risk-aversion. However, the effect of uncertainty and risk …

Persistent link: https://www.econbiz.de/10011980689

Unilateral trade reform, market access and foreign competition : the patterns of multi-product exporters

Bas, Maria; Bombarda, Pamela - 2011

Persistent link: https://www.econbiz.de/10009378658

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