Für den Ausbau von Windkraft und Solarenergie sowie für die Herstellung von Batterien, Elektromotoren und Brennstoffzellen sind Rohstoffe notwendig, die importiert werden müssen. Krisen in den vergangenen Jahren haben die Gefahr verdeutlicht, dass die Abhängigkeit von einzelnen Lieferanten...

This research provides new perspectives on carbon risk factor by using raw carbon data; cleaning carbon data; analyzing global stock universe; utilizing a long data timeframe; and constructing three unique carbon factors. All three carbon factors (carbon volume, carbon financial efficiency, and...

Für den Ausbau von Windkraft und Solarenergie sowie für die Herstellung von Batterien, Elektromotoren und Brennstoffzellen sind Rohstoffe notwendig, die importiert werden müssen. Krisen in den vergangenen Jahren haben die Gefahr verdeutlicht, dass die Abhängigkeit von einzelnen Lieferanten...

When should retailers offer promotions with uncertain rewards? The current research investigates this question and finds there are instances when uncertain incentives may seem more attractive than their expected value. For example, a lottery between small and large rewards may even be as...

The properties of information, including "information uncertainty", can be understood only Bayesianly. Common formulations that define information uncertainty in terms of just statistical "precision" (i.e. sampling variance), or any one estimator characteristic (e.g. bias), are inadequate for...

The UK's decision to leave the EU in the 2016 referendum created substantial uncertainty for UK businesses. The nature of this uncertainty is different from that of a typical uncertainty shock because of its length, breadth and political complexity. Consequently, a new firm-level survey, the...

The paper analyzes optimal climate policy under uncertainty. It endows a recent quantitative analytic integrated assessment model (IAM) with long-run risk, adapting methods from the asset pricing literature to deal with endogenous climate risk. The model solves in closed-form for general degrees...

We analyze in this chapter decision-making when costs and benefits of an action are uncertain, that is, when future preferences are uncertain. We begin, in Section 2, with the classical analysis by Krutilla et al. (1972) of whether the expected consumer's surplus is a correct measure of the net...

This paper theoretically assesses the role that uncertainty plays in the intensity of conflicts. The standard two-player rent-seeking contest model (Tullock, 1980) is extended to allow for privately known subjective values of the prize. The conflict is modeled as a Bayesian game on which each...

The book reveals complex cross-cutting issues of estimation uncertainty and certainty, analysis and management in the socio-economic systems, including information theory, decision making, determining the mechanisms of self-organization and chaos in the development of economic institutions and...