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Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …
Persistent link: https://www.econbiz.de/10011070486
probabilities assumed in Knightian decision theory. I argue that some standard uses of classical inference are Knightian in spirit … classical statisticians act unconsciously as Knightian decision makers. If one accepts this argument, then it is of interest to …
Persistent link: https://www.econbiz.de/10005762490
theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and … extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for …
Persistent link: https://www.econbiz.de/10011115766
Greek marine spatial area is located in the Mediterranean Sea with semi-enclosed characteristics. Thus the maritime traffic is undoubtfully significant for political and economic reasons, arousing particular interest unceasingly, because of its specific geographical location, the increasing...
Persistent link: https://www.econbiz.de/10010941642
This study presents a bio-economic model in which the dynamics of a fishery are affected by marine pollution both directly and indirectly. From the optimality analysis it can be seen that as long as a contaminating sector exists near coastal areas the policy on fish resource harvest will be more...
Persistent link: https://www.econbiz.de/10011274443
Shipping has always involved high-risk operations and the accidental loss of a ship, has always been a serious matter for the industry. In addition to ship loss, the international community has always been sensitive to the fact that such accidents may lead to serious environmental damage....
Persistent link: https://www.econbiz.de/10009415560
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Persistent link: https://www.econbiz.de/10008562194
The paper addresses the definition and measurement of liability for marine oil pollution accidents. The economic value of lost or injured ecosystem goods and services is argued to be the most legally, economically, and ecologically defensible measure of damages. This is easier said than done,...
Persistent link: https://www.econbiz.de/10008458604
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