Showing 1 - 10 of 6,765
The objective of the paper is to analyze the risk management behavior of a non-industrial private forest owner under … uncertainty about the timber production. Two types of hedging strategies with harvesting decisions are studied: a financial … practice versus a physical one. We develop a two-period model of hedging and harvesting decisions when the forest owner values …
Persistent link: https://www.econbiz.de/10014209855
is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment …
Persistent link: https://www.econbiz.de/10010271411
Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global … for considering risk sharing in IAMs, but also for potentially welfare increasing negotiations about sharing risks of …
Persistent link: https://www.econbiz.de/10010404114
climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …
Persistent link: https://www.econbiz.de/10011290817
The United Nations Sendai (2015) framework aims to reduce disaster risk. We offer a careful definition and computation … of the individual and property risk targets. Selecting the largest and better studied class of “natural disasters” over … the period 1970-2018, we show that individual risk is “likely” falling, that property risk is neither rising nor falling …
Persistent link: https://www.econbiz.de/10012852956
obligations that arise for the Company to determine the pricing of the products and the underwriting policies for the risk …
Persistent link: https://www.econbiz.de/10014258096
Persistent link: https://www.econbiz.de/10010193743
is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment … and investment decisions in the uncertain environment of CO2 emissions trading. -- CO2 ; emissions trading ; EU ETS ; risk …
Persistent link: https://www.econbiz.de/10003943492
not necessarily imply that social insurance programs should be expanded. Inasmuch as disaster risk management policies at … the national level are typically without coherent foundations, we provide tentative indications of how the farm level risk …
Persistent link: https://www.econbiz.de/10011390556
Due to the public good character of protective measures against natural disasters events, their allocation is very often in the realm of bureaucratic and expert agencies. Based on the economic theory of bureaucracy the behavior of a bureau providing the good "protection against natural hazards"...
Persistent link: https://www.econbiz.de/10009729296