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Irreversibilities and the timing of environmental policy
Pindyck, Robert S. - 2000
The standard framework in which economists evaluate environmental policies is cost-benefit analysis, so policy debates usually focus on the expected flows of costs and benefits, or on the choice of discount rate. But this can be misleading when there is uncertainty over future outcomes, when...
Persistent link: https://www.econbiz.de/10011608569
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Risk Communication and public perception of technological hazards. First Volume
Recchia, Virginia - 1999
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies …
Persistent link: https://www.econbiz.de/10011608544
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The Store-of-Value-Function of Money as a Component of Household Risk Management
Größl, Ingrid; Fritsche, Ulrich - 2007
, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …
Persistent link: https://www.econbiz.de/10010273728
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Stochastic Income Statement Planning and Emissions Trading
Dannenberg, Henry; Ehrenfeld, Wilfried - 2010
is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment …
Persistent link: https://www.econbiz.de/10010271411
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Climate risks and carbon prices: Revising the social cost of carbon
Ackerman, Frank; Stanton, Elizabeth A. - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-10, pp. 1-25
The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact...
Persistent link: https://www.econbiz.de/10010308735
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Statistical vs. identified lives in benefit-cost analys
Hammitt, James K.; Treich, Nicolas - 2007
Economic evaluation of projects involving changes in mortality risk conventionally assumes that lives are statistical …, i.e., that risks and policy-induced changes in risk are small and similar among a population. In reality, baseline … mortality risks and policy-induced changes in risk often differ among individuals although these differences are imperfectly …
Persistent link: https://www.econbiz.de/10010264079
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On the Relation between Dual-Rate Discounting and Substitutability
Kögel, Tomas - 2009
To justify substantial emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environment consumption with an environmental discount rate instead of a consumption discount rate that is usually used in cost-benefit analysis. The present study...
Persistent link: https://www.econbiz.de/10010298591
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On the Relation between Discounting of Climate Change and Edgeworth-Pareto Substitutability
Kögel, Tomas - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-27, pp. 1-12
To justify substantial carbon emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environmental quality at a lower discount rate than the standard consumption discount rate. Recent literature also shows that a theoretical foundation for such a...
Persistent link: https://www.econbiz.de/10010298645
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Is it Worth all the Trouble? The Costs and Benefits of Antitrust Enforcement
Hüschelrath, Kai - 2008
The paper aims at assessing the costs and benefits of antitrust enforcement. The analysis starts with an investigation of why competition is typically worth protecting followed by a collection of empirical evidence which shows that competition actually needs protection by antitrust policy in...
Persistent link: https://www.econbiz.de/10010298689
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On the Relation between Discounting of Climate Change and Edgeworth-Pareto Substitutability
Kögel, Tomas - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2011) 2009-27 (Version 2), pp. 1-12
To justify substantial carbon emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environmental quality at a lower discount rate than the standard consumption discount rate. Recent literature also shows that a theoretical foundation for such a...
Persistent link: https://www.econbiz.de/10010303843