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optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality … with recycling, keeping the option to switch back to landfilling, if profitable. We determine the optimal share of waste to …
Persistent link: https://www.econbiz.de/10014161285
optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality … with recycling, keeping the option to switch back to landfilling, if profitable. We determine the optimal share of waste to … ; Flexibility ; Municipal Waste ; Recycling …
Persistent link: https://www.econbiz.de/10009702232
Persistent link: https://www.econbiz.de/10015078343
The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological developments in emissions' abatement or demographic changes. On top of that, the trend of the future costs of the environmental damage is unknown: Will global warming dominate or...
Persistent link: https://www.econbiz.de/10014277005
Climate Engineering, and in particular Solar Radiation Management (SRM) has become a widely discussed climate policy option to study in recent years. However, its potentially strategic nature and unforeseen side effects provide major policy and scientific challenges. We study the role of the SRM...
Persistent link: https://www.econbiz.de/10012968338
Climate Engineering, and in particular Solar Radiation Management (SRM) has become a widely discussed climate policy option to study in recent years. However, its potentially strategic nature and unforeseen side effects provide major policy and scientific challenges. We study the role of the SRM...
Persistent link: https://www.econbiz.de/10011546706
Many empirical studies in the fields of urban and environmental economics rely on the hedonic pricing framework as described by Rosen (1974). The present paper draws attention to two important elements that are not covered by this theory: relocation costs and uncertainty. A theoretical model is...
Persistent link: https://www.econbiz.de/10012993183
In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...
Persistent link: https://www.econbiz.de/10010325809
The Nobel Prize award to scientists for thier theoretical contribution to analysis of markets with asymmetrical informations has reawakened debates on the behavior and decision-making of economic player under uncertainty. Becouse insurance is an classic example of such a situation, it is used to...
Persistent link: https://www.econbiz.de/10011194873
Peter P. Wakker has forcefully shown the importance for decision theory of a condition that he called “Cardinal Coordinate Independence” (CCI). Indeed, when the outcome space is rich, he proved that, for continuous weak orders, this condition fully characterizes the Subjective Expected...
Persistent link: https://www.econbiz.de/10011072806