Showing 1 - 10 of 150
Persistent link: https://www.econbiz.de/10009635818
The fisheries resources within the EEZs of countries in the Organization of Eastern Caribbean States is not being exploited at their maximum sustainable yield. Fisheries development has however been hampered by a history of these states, little or no sectoral development planning. If member...
Persistent link: https://www.econbiz.de/10009455851
The New England fishing industry is presented in detail including an historical review, a discussion of current difficulties, and an examination of the public policy dilemma between resource conservation and industry promotion. Continuing efforts to revitalize the United States fishing industry...
Persistent link: https://www.econbiz.de/10009455854
We consider long-run behavior of agents assessing risk in terms of dynamic convex risk measures or, equivalently, utility in terms of dynamic variational preferences in an uncertain setting. By virtue of a robust representation, we show that all uncertainty is revealed in the limit and agents...
Persistent link: https://www.econbiz.de/10009452571
In this paper we give an alternative characterization for time-consistent sets of measures in a discrete setting. For each measure \mathbb{P} in a time-consistent set \mathcal{P} we get a distinct set of predictable processes which in return decribe the \mathbb{P} uniquely. This implies we get a...
Persistent link: https://www.econbiz.de/10009452573
expressed. Kahneman and Tversky's Prospect Theory (1979) explains many of these "framing" effects as shifts in the point of …
Persistent link: https://www.econbiz.de/10009441007
growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount … rate that is well below the market rate of return on capital. From the perspective of classical growth theory, Nordhaus … agents. The classical theory of growth interprets the market return to capital as a reflection of the property relations of …
Persistent link: https://www.econbiz.de/10009468160
This honors thesis will examine current and theoretical "cap and trade" emissions trading schemes in an attempt to make recommendations on how to improve this regulated commodity market. The various control mechanisms available to regulators will be discussed: including allocation methodology,...
Persistent link: https://www.econbiz.de/10009429979
Sowohl Ernteversicherungen als auch „Wetterderivate“ sind neuartigeRisikomanagementinstrumente, die eine Absicherung gegen Schäden aus nichtkatastrophalenWetterereignissen ermöglichen, in Deutschland aber bisher nicht verbreitet sind. Imvorliegenden Beitrag wird mit Hilfe eines...
Persistent link: https://www.econbiz.de/10009446376
In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways: (1) by specifying the distribution of coefficients in the utility function and deriving the distribution of willingness to pay (wtp), or (2) by specifying the distribution of wtp and deriving the...
Persistent link: https://www.econbiz.de/10009442000