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An Equilibrium Model of Habitat Conservation under Uncertainty and Irreversibility

Corato, Luca Di; Moretto, Michele; Vergalli, Sergio - Fondazione ENI Enrico Mattei (FEEM) - 2010

under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …

Persistent link: https://www.econbiz.de/10008828382

Ambiguity in a Real Option Game

Hellmann, Tobias; Thijssen, Jacco - Institut für Mathematische Wirtschaftsforschung, … - 2015

In this paper we study a two-player investment game with a first mover advantage in continuous time with stochastic payoffs, driven by a geometric Brownian motion. One of the players is assumed to be ambiguous with maxmin preferences over a strongly rectangular set of priors. We develop a...

Persistent link: https://www.econbiz.de/10011126750

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

An integrated CVaR and real options approach to investments in the energy sector

Fortin, Ines; Fuss, Sabine; Hlouskova, Jaroslava; … - 2007

adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired …

Persistent link: https://www.econbiz.de/10010294022

Uncertainty in integrated assessment models of climate change: alternative analytical approaches

Golub, Alexander; Narita, Daiju; Schmidt, Matthias G. W. - 2011

Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …

Persistent link: https://www.econbiz.de/10010279401

Land-use change and solar energy production: A real option approach

Gazheli, Ardjan; Di Corato, Luca - 2011

In this paper a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant. The leasing payment is certain while the net revenues from agriculture are uncertain. We identify the profit values at which...

Persistent link: https://www.econbiz.de/10010279485

A complementary micro Coronavirus model under uncertainty and utility

Gander, James P. - 2020

A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …

Persistent link: https://www.econbiz.de/10013269247

The Social Cost of Carbon with Intragenerational Inequality under Economic Uncertainty

van der Ploeg, Rick; Emmerling, Johannes; Groom, Ben - 2022

Persistent link: https://www.econbiz.de/10013353389

The Value of Information in Water Quality Monitoring and Management

Luhede, Amelie; Yaqine, Houda; Bahmanbijari, Reza; … - 2023

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …

Persistent link: https://www.econbiz.de/10014290217

An equilibrium model of habitat conservation under uncertainty and irreversibility

Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2010

Persistent link: https://www.econbiz.de/10008780408