Narrow search
Showing 1 - 10 of 40,986
Cover Image
Discounting an Uncertain Future
Gollier, Christian; Rochet, Jean-Charles - 2008
benefits in the very long run. More specifically, we examine in an expected utility framework how the uncertainty on the growth …
Persistent link: https://www.econbiz.de/10014203185
Cover Image
Scientific Progress and Irreversibility : An Economic Interpretation of the 'Precautionary Principle'
Gollier, Christian; Jullien, Bruno; Treich, Nicolas - 2008
We consider the problem of the optimal use of a good whose consumption can produce damages in the future. Scientific progress is made over time that provides information on the distribution of the intensity of damages. We show that this progress induces earlier prevention effort only if prudence...
Persistent link: https://www.econbiz.de/10014140591
Cover Image
Relative Quotas : Correct Answer to Uncertainty or Case of Regulatory Capture
Quirion, Philippe - 2003
There is a tendency among policy-makers and industry lobbyists toward "specific", "relative" or "output-based" quotas, i.e., freely distributed to firms proportionally to their output. With a stochastic analytical model, we demonstrate that relative quotas are dominated either by absolute quotas...
Persistent link: https://www.econbiz.de/10014085160
Cover Image
Genealogies of Risk : Searching for Safety, 1930s-1970s
Boyd, William - 2013
Health, safety, and environmental regulation in the United States are saturated with risk thinking. It was not always so, and it may not be so in the future. But today, the formal, quantitative approach to risk provides much of the basis for regulation in these fields, a development that seems...
Persistent link: https://www.econbiz.de/10014161761
Cover Image
Watered down? Investigating the financial materiality of water-related risks in the financial system
Davies, Lylah - 2023
Water-related risks are intrinsically linked to both climate and nature challenges and can be closely tied to socio-economic challenges, such as poverty, food security, and domestic and international conflicts. There is increasing evidence that water-related risks are financially material across...
Persistent link: https://www.econbiz.de/10014435769
Cover Image
Discounting an uncertain future
Gollier, Christian - 1997
benefits in the very long run. More specifically, we examine in an expected utility framework how the uncertainty on the growth …
Persistent link: https://www.econbiz.de/10011608349
Cover Image
Public Preferences Toward Environmental Risks : The Case of Trihalomethanes
Carson, Richard T.; Mitchell, Robert C. - 2014
We present the results of an in-depth study in a small Southern Illinois town looking at the public's preferences with respect to reducing trihalomethanes (THMs) in their public drinking water system. THMs are an interesting environmental risk to study. First they are a low-level risk created as...
Persistent link: https://www.econbiz.de/10014144645
Cover Image
Pollution abatement investment when environmental regulation is uncertain
Farzin, Yeganeh Hossein; Kort, Peter M. - 1998
rate to account for the uncertainty leads to underinvestment in abatement capital. We show how the size of this …
Persistent link: https://www.econbiz.de/10011608443
Cover Image
A risk perspective on market integration and the reform of support of renewables in Germany
Pahle, Michael; Schweizerhof, Henriette - 2015
need to be taken, for which regulatory complexity and reform outcome uncertainty suggest a continuous and transparent …
Persistent link: https://www.econbiz.de/10010495612
Cover Image
The Impact of Uncertainty on the European Energy Market : A Scenario Aggregation Approach
Brekke, Kjell Arne - 2013
decision problems under uncertainty, is used to build a large stochastic numerical equilibrium model of the Western European … energy markets. We use the stochastic model to analyze the impact of economic and political uncertainty on the Western … European energy markets. We demonstrate that the equilibria under uncertainty differ significantly from the deterministic …
Persistent link: https://www.econbiz.de/10013072087