to college households in terms of welfare. Chapter 2 disentangles the effect of demographic change on returns to risk …. Chapter 3 develops a method for computing transitional dynamics in heterogeneous agent models with aggregate risk if these …

In this work we discuss the research findings from the labour-augmented Schumpeter meeting Keynes (K+S) agent … short-term crises consequences, and even risk demoting the long-run economic prospects. More objectively, the conclusions …

This report on new economic insights summarizes the evolutionary perspective on the theory of economic policy. It …

energy policy crossroads: should the reactors be retrofitted or should they be decommissioned? The cost-optimal decision … levels and carbon prices, all of which are subject to significant uncertainty. To deal with these uncertainties, we apply the … Robust Decision Making framework to determine which reactors should be retrofitted. We build an investment and dispatch …

Germany over the horizon 2010-2035. The target is to quantify how fuel and carbon price risk impacts investment incentives of … thermal power plants. Results point to findings which are in line with general theory: Accounting for stochasticity increases … ; generation expansion ; uncertainty ; market power …