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produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …
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that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … that including uncertainty into the model tends to favour (long-lasting) mitigation with respect to (instantaneous …
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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 …
Persistent link: https://www.econbiz.de/10011451668
Recession. I next develop a heterogeneous firm model with Bayesian learning and uncertainty shocks to study the aggregate …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 …
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which knowledge accumulates: via a deliberate, optimally selected R&D decision or via experience, giving rise to Learning by …
Persistent link: https://www.econbiz.de/10011589830
general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields … a new result on preference uncertainty. …
Persistent link: https://www.econbiz.de/10010231715
heterogeneous countries with the notable feature of model misspecification on the impacts from SRM. We find that deep uncertainty …
Persistent link: https://www.econbiz.de/10011546706