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Extreme weather and risk preference : panel evidence from Germany
Kahsay, Goytom Abraha; Osberghaus, Daniel - 2016
Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
Persistent link: https://www.econbiz.de/10011454120
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Market Anomalies and Disaster Risk : Evidence from Extreme Weather Events
Lanfear, Matthew - 2018
-, BE/ME-, and momentum-related factors are extremely sensitive to these extreme weather events. Long and short legs react …
Persistent link: https://www.econbiz.de/10012909024
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ACE – Analytic Climate Economy (with Temperature and Uncertainty)
Traeger, Christian P. - 2019
This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
Persistent link: https://www.econbiz.de/10012896033
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Pricing Poseidon : extreme weather uncertainty and firm return dynamics
Kruttli, Mathias S.; Roth Tran, Brigitte; Watugala, … - 2019
We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets …
Persistent link: https://www.econbiz.de/10012181922
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Weighing Cows, Geoengineering and Coal Under a Climate Tipping Risk and a Temperature Target
Wiskich, Anthony - 2019
Methane abatement and geoengineering have a short-lived effect on temperature compared with carbon abatement. Different optimal tax paths for these actions arise in a cost-benefit framework with an unknown temperature threshold where severe and irreversible climate impacts, called a tipping...
Persistent link: https://www.econbiz.de/10012863680
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Learning, Catastrophic Risk and Ambiguity in the Climate Change Era
Moore, Frances - National Bureau of Economic Research - 2024
Key methodologies used for managing weather risks have relied on the assumption that climate is not changing and that … the historic weather record is therefore representative of current risks. Anthropogenic climate change upends this … distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …
Persistent link: https://www.econbiz.de/10014635647
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Climate Transition Risk in New Zealand Equities
Kennett, Hamish - 2020
We examine climate transition risk in New Zealand (NZ) equities given that NZ's greenhouse gas (GHG) emissions are dominated by agricultural emissions and that carbon pricing has been in place since 2008. Only around half of NZX50 companies disclose emissions and that disclosure is driven by,...
Persistent link: https://www.econbiz.de/10012823186
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Pricing Poseidon : Extreme Weather Uncertainty and Firm Return Dynamics
Kruttli, Mathias S. - 2020
We present a framework to identify market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options of firms with establishments in the landfall region exhibit large, long-lasting increases in implied volatility, reflecting impact...
Persistent link: https://www.econbiz.de/10012850911
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Rainfall shocks and risk aversion : evidence from Southeast Asia
Liebenehm, Sabine; Degener, Nele; Strobl, Eric - 2018
Empirical studies advocating the temporal variability of risk attitudes suggest that adverse covariate shocks significantly alter risk attitudes over time, but there is no consensus on the direction. In this paper, we investigate whether risk aversion increases or decreases in response to...
Persistent link: https://www.econbiz.de/10011905968
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Pricing Poseidon : Extreme Weather Uncertainty and Firm Return Dynamics
Kruttli, Mathias S. - 2020
We present a framework to identify market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options of firms with establishments in the landfall region exhibit large, long-lasting increases in implied volatility, reflecting impact...
Persistent link: https://www.econbiz.de/10012847804