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Can Rationing Rules for Common Resources Impact Self-insurance Decisions?

Lefebvre, Marianne - In: Strategic Behavior and the Environment 3 (2013) 3, pp. 185-222

When users have <italic>ex-ante</italic> demands over a common resource and when resource size is not sufficient to cover all the individual demands, there is a need to establish a rationing rule. I test whether the choice of the rationing rule impacts the individual decision to self-insure, i.e., to invest in a...

Persistent link: https://www.econbiz.de/10010990803

Price volatility and risk exposure : on the interaction of quota and product markets

Friðrik Már Baldursson; Fehr, Nils-Henrik M. von der - 2009

initial quota allocation has no effect on firm behaviour. -- regulation ; effluent taxes ; tradable quotas ; uncertainty …

Persistent link: https://www.econbiz.de/10003828934

Price Volatility and Risk Exposure : On the Interaction of Quota and Product Markets

Baldursson, Fridrik M.; von der Fehr, Nils-Henrik M. - 2009

We consider an industry with firms that produce a final good emitting pollution to different degree as a side effect. Pollution is regulated by a tradable quota system where some quotas may have been allocated at the outset, i.e. before the quota market is opened. We study how volatility in...

Persistent link: https://www.econbiz.de/10014208513

Prices vs Quantities : The Case of Risk Averse Agents

Baldursson, Fridrik Mar; von der Fehr, Nils-Henrik M. - 2002

We explore the efficacy of price and quantity controls as environmental policy instruments in a stochastic setting in which agents are risk averse. We demonstrate that the assumption of risk aversion may improve the performance of a tax relative to that of a system of tradable quotas, and that...

Persistent link: https://www.econbiz.de/10014120582

Risk Aversion and Dynamic Games between Hydroelectric Operators Under Uncertainty

Abbassi, Abdessalem; Dakhlaoui, Ahlem; Tamini, Lota D. - 2014

hydroelectricity producers are risk averse and face demand uncertainty. In each type of market structure we analytically determine the … or storage depending on the relative abundance of water between different regions to smooth the effect of uncertainty on …

Persistent link: https://www.econbiz.de/10014144936

Closed-form integrated assessment and uncertainty

Traeger, Christian - 2015

is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …

Persistent link: https://www.econbiz.de/10011305430

The social cost of carbon with intragenerational inequality under economic uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

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

Funding higher education and wage uncertainty: Income contingent loan versus mortgage loan

Migali, Giuseppe - In: Economics of Education Review 31 (2012) 6, pp. 871-889

We propose a simple theoretical model which shows how the combined effect of wage uncertainty and risk aversion can …

Persistent link: https://www.econbiz.de/10010594735

Risk and Rationality - Effects of contextual risk and cognitive dissonance on (sexual) incentives

Mannberg, Andréa - Institutionen för Nationalekonomi, Umeå Universitet - 2010

level and uncertainty of future prospects affect incentives to abstain from sexual risk taking in the presence of HIV. The … results suggest that, for individuals with limited access to HIV treatment, uncertainty of future health may be an important … expected income and health and future uncertainty are significant determinants of current patterns of sexual risk taking …

Persistent link: https://www.econbiz.de/10010611654

The optimal behaviour of firms facing stochastic costs

Nicolini, Rosella; Menoncin, Francesco - Departament d'Economia i Història Econòmica, … - 2005

This paper aims at assessing the optimal behavior of a firm facing stochastic costs of production. In an imperfectly competitive setting, we evaluate to what extent a firm may decide to locate part of its production in other markets different from which it is actually settled. This decision is...

Persistent link: https://www.econbiz.de/10005582607

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