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Long-run investment under uncertain demand
Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2013
In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used a log linear profit function. This functional form has been generally considered a reasonable approximation for more general ones and has the advantage of providing closed form...
Persistent link: https://www.econbiz.de/10010189451
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Adapting and mitigating to climate change : balancing the choice under uncertainty
Bosello, Francesco; Chen, Chen - 2010
Nowadays, as stressed by important strategic documents like for instance the 2009 EU White Paper on Adaptation or the recent 2009 "Copenhagen Accord", it is amply recognized that both mitigation and adaptation strategies are necessary to combat climate change. This paper enriches the rapidly...
Persistent link: https://www.econbiz.de/10008780413
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Adapting to climate change : an analysis under uncertainty
García-León, David - 2016
composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …
Persistent link: https://www.econbiz.de/10011451547
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The day after tomorrow: mitigation and adaptation policies to deal with uncertainty
Bazzana, Davide; Menoncin, Francesco; Vergalli, Sergio - 2021
The catastrophic events are characterized by "low frequency and high severity". Nevertheless, during the last decades, both the frequency and the magnitude of these events have been significantly rising worldwide. In 2021, the European Commission adopted a new Strategy on Adaptation to Climate...
Persistent link: https://www.econbiz.de/10012609390
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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
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Three forewords
Phelps, Edmund S. - 2008
Persistent link: https://www.econbiz.de/10009304941
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Contracting under Knightian uncertainty
Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund S. - 2011
Persistent link: https://www.econbiz.de/10009305377
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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
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Our (represented) world : a quantum-like object
Lambert-Mogiliansky, Ariane; Dubois, François - 2015
Persistent link: https://www.econbiz.de/10011301877
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Accounting for different uncertainties : implications for climate investments?
Hector, Svenja - 2013
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …
Persistent link: https://www.econbiz.de/10010231715