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technologies. In this paper, we introduce a two-track method that makes it possible to maintain the rich set of information …
Persistent link: https://www.econbiz.de/10011622101
This study examined the asymmetric effects of major uncertainty and volatility indices (economic policy uncertainty, Chicago Board Options Exchange crude oil volatility, CBOE volatility index, CBOE VIX volatility, and NASDAQ 100 volatility target) on the returns of global energy and its...
Persistent link: https://www.econbiz.de/10013500979
We examine the disruptions to global commodity flows following the bankruptcy of a commodity trading firm. The physical commodity network is operated by a handful of large traders that are responsible for the timely delivery of raw materials and inputs to industrial production. We propose a...
Persistent link: https://www.econbiz.de/10014256266
Purpose – The purpose of this paper is to analyze the interaction between the availability of financial information and … conducted an experiment to observe the behavior of subjects in three settings, each with a different level of information …. Findings – Results confirm that a dependence relation exists between information, investors' behavioral biases and the herding …
Persistent link: https://www.econbiz.de/10013125559
located beyond information acquisition, however fast and however vast. Intelligence agencies have no price signals to help …
Persistent link: https://www.econbiz.de/10014081532
Recent research into the determinants of household energy consumption has aimed to incorporate findings from economics, sociology and psychology in order to obtain a more comprehensive understanding of the factors determining energy demand. The current paper contributes to this nascent stream of...
Persistent link: https://www.econbiz.de/10011494881
Climate change related risks impact and challenge the private sector in many different ways. This also applies to risk drivers like a companies' reputation and a changing consumer behavior. Since significant risk drivers for companies differ just as much as companies themselves, a sector...
Persistent link: https://www.econbiz.de/10010462527
We present a simple approach to transform a deterministic numerical model, where several agents simultaneously make decisions, into a stochastic model. This approach, which builds on scenario aggregation, a numerical method developed to solve decision problems under uncertainty, is used to build...
Persistent link: https://www.econbiz.de/10013072087
This study examines the impact of uncertainty on mergers and acquisition (M&A) activity. We focus on product market uncertainty in the oil and gas sector. Analysing this industry enables us to construct a natural forward-looking measure of product market uncertainty, namely the implied crude oil...
Persistent link: https://www.econbiz.de/10012833334
We examine investments in power generation projects under policy uncertainty, when the investor has the choice between two alternative technologies, a gas-fired plant and a wind plant. Increased risk of subsidy withdrawal reduces the payoff from and postpones investments in the wind technology....
Persistent link: https://www.econbiz.de/10012835055