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Sharing of climate risks across world regions

Emmerling, Johannes - 2014

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global … for considering risk sharing in IAMs, but also for potentially welfare increasing negotiations about sharing risks of …

Persistent link: https://www.econbiz.de/10010404114

Optimal climate policy for a ressimistic social planner

Valentini, Edilio; Vitale, Paolo - 2014

introduction of extra convexity and the separation between risk-aversion and time-preference implies that, independently of the …

Persistent link: https://www.econbiz.de/10010336553

Taxation and corporate risk-taking

Langenmayr, Dominika; Lester, Rebecca - 2014

Persistent link: https://www.econbiz.de/10010433371

The impact of ambiguity prudence on insurance and prevention

Berger, Loïc - 2015

Most decisions concerning (self-)insurance and self-protection have to be taken in situations in which a) the effort exerted precedes the moment uncertainty realises, and b) the probabilities of future states of the world are not perfectly known. By integrating these two characteristics in a...

Persistent link: https://www.econbiz.de/10010486991

The role of risk aversion and lay risk in the probabilistic externality assessment for oil tanker routes to Europe

Bigano, Andrea; Cassinelli, Mariaester; Markandya, Anil; … - 2006

Persistent link: https://www.econbiz.de/10003605601

Uncertainty and natural resources : prudence facing doomsday

Emmerling, Johannes - 2015

risk aversion is sufficient. These results highlight the importance of the specification of the utility function and its …

Persistent link: https://www.econbiz.de/10010528821

Cash-flow business taxation revisited : bankruptcy, risk aversion and asymmetric information

Boadway, Robin W.; Sato, Motohiro; Tremblay, Jean-François - 2015

Persistent link: https://www.econbiz.de/10011388005

Three layers of uncertainty : an experiment

Aydogan, Ilke; Berger, Loϊc; Bosetti, Valentina; Liu, Ning - 2018

We experimentally explore decision-making under uncertainty using a framework that decomposes uncertainty into three distinct layers: (1) physical uncertainty, entailing inherent randomness within a given probability model, (2) model uncertainty, entailing subjective uncertainty about the...

Persistent link: https://www.econbiz.de/10011862952

Revealed preferences over risk and uncertainty

Polisson, Matthew; Quah, John K.-H.; Renou, Ludovic - 2017

data with a broad class of models of choice under risk and under uncertainty. Our method allows for risk loving and elation …

Persistent link: https://www.econbiz.de/10011671892

Age-dependent risk aversion : re-evaluating fiscal policy impacts of population ageing

Phitawat Poonpolkul - 2020

Persistent link: https://www.econbiz.de/10012585956