model captures the feature that the effects of uncertainty are different with different levels of agent's risk aversion. A …

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 …

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 …

-probability extreme events on environmental policy in a continuous-time real options model with 'tail risk'. In a nutshell, our results … indicate the importance of tail risk and call for foresighted pre-emptive climate policies. …

assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …

theory under uncertainty, we show that abatement is decreasing in the probability of success of SRM, but that this relation …