Showing 1 - 10 of 42,161
We propose a new medical evacuation (MEDEVAC) model with endogenous uncertainty in the casualty delivery times. The … endogenous source of uncertainty since it is contingent on the locations of MTFs. The MEDEVAC model is an MINLP problem whose …
Persistent link: https://www.econbiz.de/10014124132
impacts of different types of uncertainty and illustrate several cases in which the agent may respond to incentive contracts …
Persistent link: https://www.econbiz.de/10013131545
This paper extends decision making under risk and uncertainty to group theory via representations of invariant …
Persistent link: https://www.econbiz.de/10013096459
This paper considers investment problems in real options with non-homogeneous two-factor uncertainty. It shows that …
Persistent link: https://www.econbiz.de/10012928025
We consider a standard one-agent decision-making problem under risk and we address the following question: under what conditions is utility maximization equivalent to 'risk' minimization, where the measure of risk used by the decision-maker is a conservative coherent risk measure?
Persistent link: https://www.econbiz.de/10014263940
The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological … scenario will be realised and the scientific debate is still open. This paper captures those two layers of uncertainty by …
Persistent link: https://www.econbiz.de/10014277005
A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...
Persistent link: https://www.econbiz.de/10013206181
under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …
Persistent link: https://www.econbiz.de/10008780408
Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …
Persistent link: https://www.econbiz.de/10008798041
Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in time, irreversible and, more important, includes highly uncertain and erratic threats and opportunities yet completely disregarded in conflict theory. In this dynamic model of...
Persistent link: https://www.econbiz.de/10009664935