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Heterogeneity and the formation of risk-sharing coalitions
Jaramillo, Fernando; Kempf, Hubert; Moizeau, Fabien - In: Journal of development economics 114 (2015), pp. 79-96
Persistent link: https://www.econbiz.de/10011313725
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The fatter the tail, the fatter the climate agreement : simulating the influence of fat tails in climate change damages on the success of international climate negotiations
Dekker, Thijs; Dellink, Rob; Ketterer, Janina - 2013
International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the 'fat tail', on the formation...
Persistent link: https://www.econbiz.de/10009690831
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Pooling, pricing and trading of risks
Flåm, Sjur D. - 2002
Exchange of risks is considered here as a transferable-utility cooperative game. When the concerned agents are risk averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can hardly be evaluated merely by its inherent statistical...
Persistent link: https://www.econbiz.de/10011409137
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Pooling, pricing and trading of risks
Flåm, Sjur D. (contributor) - 2006
Persistent link: https://www.econbiz.de/10003363180
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Pooling, pricing and trading of risks
Flåm, Sjur D. - 2002
Exchange of risks is considered here as a transferable-utility cooperative game. When the concerned agents are risk averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can hardly be evaluated merely by its inherent statistical...
Persistent link: https://www.econbiz.de/10001664975
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The fatter the tail, the fatter the climate agreement
Dellink, Rob; Dekker, Thijs; Ketterer, Janina - In: Environmental & resource economics : the official … 56 (2013) 2, pp. 277-305
Persistent link: https://www.econbiz.de/10010207868
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The Fatter the Tail, the Fatter the Climate Agreement - Simulating the Influence of Fat Tails in Climate Change Damages on the Success of International Climate Negotiations
Dekker, Thijs; Dellink, Rob; Ketterer, Janina - 2021
International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the ‘fat tail’, on the...
Persistent link: https://www.econbiz.de/10013315816
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Preservation of risk in capital markets
Ortmann, Karl Michael - In: Operations research letters 46 (2018) 3, pp. 329-334
Persistent link: https://www.econbiz.de/10011873625
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Climate Coalition Formation Under Uncertainty and the Power of Information Design1
Vosooghi, Sareh - 2022
I examine climate coalition formation in a public-good game of emission abatement under uncertainty and characterise … the stable coalition structure and the unique number of free riders at each expected value of the social benefit of the …. This result resolves the small-coalition paradox in the literature on stochastic International Environmental Agreements …
Persistent link: https://www.econbiz.de/10014076322
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Limited commitment, social control and risk-sharing coalitions in village economies
Hernandez, Daniel J.; Jaramillo, Fernando; Kempf, Hubert; … - 2023
Persistent link: https://www.econbiz.de/10014334453