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Aggregation-Robustness and Model Uncertainty of Regulatory Risk Measures
Embrechts, Paul - 2015
Research related to aggregation, robustness, and model uncertainty of regulatory risk measures, for instance, Value-at-Risk … joint model.In this paper, we introduce a notion of qualitative robustness for risk measures, concerning the sensitivity of … (VaR) and Expected Shortfall (ES), is of fundamental importance within quantitative risk management. In risk aggregation …
Persistent link: https://www.econbiz.de/10013029101
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Regulation and decision making : three essays
Böhme, Ulrike - 2011
Persistent link: https://www.econbiz.de/10009537812
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Regulation of two-part tariffs and quality choice under uncertainty
Czerny, Achim Ingo; Mitusch, Kay - 2007
Persistent link: https://www.econbiz.de/10003910545
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Investment under uncertainty and regulation of new access networks
Inderst, Roman; Peitz, Martin - In: Information economics and policy : IEP 26 (2014), pp. 28-41
Persistent link: https://www.econbiz.de/10010411288
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The optimal minimum wage with regulatory uncertainty
Bennett, John; Chioveanu, Ioana - 2015
For two different regulatory standards, we examine the optimal minimum wage in a competitive labour market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and the extent of uncertainty and of rationing efficiency. We...
Persistent link: https://www.econbiz.de/10011407940
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Prices versus quantities : technology choice, uncertainty and welfare
Storrøsten, Halvor Briseid - In: Environmental & resource economics : the official … 59 (2014) 2, pp. 275-293
Persistent link: https://www.econbiz.de/10010442921
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Unquantified Benefits and the Problem of Regulation Under Uncertainty
Masur, Jonathan S. - 2016
Regulatory agencies are required to perform cost-benefit analysis of major rules. However, in many cases regulators refuse to report a monetized value for the benefits of a rule that they issue. Sometimes, they report no monetized value; at other times, they report a monetized value but also...
Persistent link: https://www.econbiz.de/10013003977
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The Optimal Minimum Wage with Regulatory Uncertainty
Bennett, John - 2015
For two different regulatory standards, we examine the optimal minimum wage in a competitive labour market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and the extent of uncertainty and of rationing efficiency. We...
Persistent link: https://www.econbiz.de/10013009495
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Optimal Emission Regulation under Market Uncertainty
Li, Guokai; Gao, Pin; Wang, Zizhuo - 2022
Problem definition: To mitigate the impact of global climate change, an increasing number of countries in the world have adopted emission control. Government regulations on emission control can be broadly divided into two categories: price instruments and quantity instruments. In this paper, we...
Persistent link: https://www.econbiz.de/10013312832
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Legal uncertainty as a welfare enhancing screen
Lang, Matthias - In: European economic review : EER 91 (2017), pp. 274-289
Persistent link: https://www.econbiz.de/10011788597