The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the …

observed behaviour, we find that the expected social cost of carbon, corrected for uncertainty and inequity, is approximate 60 …

standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …

Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both …

Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid …

In situations of what we now describe as radical uncertainty, the core model of agent behaviour, of rational autonomous … that in situations where radical uncertainty is present, we require theoretical "null" models of agent behaviour which are … different from those of economic rationality. Under uncertainty, fundamentally different behavioural rules are "rational". The …

uncertainty which persists in spite of superficial similarities. It is argued that the difference stems from the mainstream habit … of thinking in terms of a full-information benchmark, where uncertainty arises from incomplete information. Degrees of … uncertainty (or ambiguity) refer to the quantifiable extent of incompleteness. In contrast, Keynesian uncertainty cannot, even in …

under conditions of severe uncertainty. Through the correction of the traditional definition of stakeholders I found the …