-exit decision making with Dixit's (1989) model under exchange rate uncertainty. A general form with the first order of degree …

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 …

demand of R&D. The mentioned investments present irreversibility, flexibility and uncertainty characteristics. Therefore, it … financial market are described, with the aim of dealing with the irreversibility and the possibilities of making flexible a …

measure and value uncertainty which are critical steps in decision making, real options are scarcely used in practice. The …

Network expansions in power markets usually lead to investment decisions subject to substantial irreversibility and … uncertainty. Hence, investors need valuing the flexibility to change decisions as uncertainty unfolds progressively. Real option …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

In this paper we develop an economic model that explains the decision-making problem under uncertainty of an industrial … variables of the investment decision process. We also account for the risk and uncertainty inherent in volatile energy prices …

-term social damages), and investment irreversibility (pollution abatement investments are sunk). When uncertainty is large enough …This paper analyses the decision to invest to reduce the emissions of a stock pollutant under environmental uncertainty …. It shows that this decision depends on the type and level of uncertainty. When uncertainty is small, there is no simple …

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

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost …