Showing 1 - 10 of 1,439
Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …. We assume that the certificate price is determined by the expected marginal CO2 abatement costs prevailing at the current …
Persistent link: https://www.econbiz.de/10010269911
Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to ICT …
Persistent link: https://www.econbiz.de/10010265246
Persistent link: https://www.econbiz.de/10014485020
Persistent link: https://www.econbiz.de/10011696586
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and...
Persistent link: https://www.econbiz.de/10011646704
. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions …
Persistent link: https://www.econbiz.de/10010301357
This paper examines the interplay between the real and financial decisions of the competitive firm under output price … uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm … always chooses its optimal debt-equity ratio to minimize the weighted average cost of capital, irrespective of the risk …
Persistent link: https://www.econbiz.de/10010301363
The market for copyrights is characterised by a highly skewed distribution of profits: very few movies, books and songs generate huge profits, whereas the great bulk barely manages to recover production cost. At the moment when the owner of intellectual property grants a licence ('ex ante'),...
Persistent link: https://www.econbiz.de/10010270447
In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on … competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand …
Persistent link: https://www.econbiz.de/10010274816