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Uncertainty in cooperation between service buyers and sellers
Eriksson, Kent; Sharma, Deo; Silver, Lars - 1999
Persistent link: https://www.econbiz.de/10001363522
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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
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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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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
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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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Market allocations under ambiguity : a survey
Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019
We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia result of Dow and Werlang (1992), show how it does or...
Persistent link: https://www.econbiz.de/10012121980
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Optimal clean energy R&D investments under uncertainty
Marangoni, Giacomo; De Maere d'Aertrycke, Gauthier; … - 2017
&D portfolio. The resulting ranking across technologies is robust to changes in risk-aversion, R&D budget limitation and assump …
Persistent link: https://www.econbiz.de/10011622101
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Fundamental uncertainty and unconventional monetary policy : an info-gap approach
Ben-Haim, Yakov; Demertzis, Maria; End, Jan-Willem van den - 2017
This paper applies the info-gap approach to the unconventional monetary policy of the Eurosystem and so takes into account the fundamental uncertainty on inflation shocks and the transmission mechanism. The outcomes show that a more demanding monetary strategy, in terms of lower tolerance for...
Persistent link: https://www.econbiz.de/10011613991
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A simple framework for climate-change policy under model uncertainty
Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10011614242
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Our (represented) world : a quantum-like object
Lambert-Mogiliansky, Ariane; Dubois, François - 2015
Persistent link: https://www.econbiz.de/10011301877