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Essays on Uncertainty and Decision-Making in Environmental Economics

Mensink, Paul - 2015

This draft PhD thesis analyzes four issues in the research field that consists of the intersection of environmental economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like cutting rainforests or emitting pollutants with long...

Persistent link: https://www.econbiz.de/10014064447

Long-run investment under uncertain demand

Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2013

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used a log linear profit function. This functional form has been generally considered a reasonable approximation for more general ones and has the advantage of providing closed form...

Persistent link: https://www.econbiz.de/10010189451

What do we know about investment under uncertainty?

Carruth, Alan A.; Dickerson, Andrew P.; Henley, Andrew - 1998

irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … this literature. A variety of methods have been used to investigate the empirical implication of irreversibility in … suggests that there is an irreversibility effect, under which greater uncertainty raises the value of the "option" to delay a …

Persistent link: https://www.econbiz.de/10011529520

To Bet or Not to Bet : Copper Price Uncertainty and Investment in Chile

Comelli, Fabio - 2017

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rekindled the debate on Chile's adjustment capacity to external shocks. Following...

Persistent link: https://www.econbiz.de/10012966554

Irreversible Investment in General Equilibrium

Hugonnier, Julien; Morellec, Erwan; Sundaresan, Suresh - Institut für Schweizerisches Bankwesen <Zürich> - 2005

should be evaluated with care, especially with regard to policy issues. It also shows that irreversibility and lumpiness in …

Persistent link: https://www.econbiz.de/10005858793

Waiting on the Courts : Effects of Policy Uncertainty on Pollution and Investment

Dorsey, Jackson - 2019

Legal challenges and transitions of political power cause the future of regulatory policies to be uncertain. In this article, I investigate how uncertainty about environmental policy affects investment and emissions at coal-fired power plants. I exploit a legal challenge to the Clean Air...

Persistent link: https://www.econbiz.de/10012893332

What Do We Know About Investment Under Uncertainty?

Carruth, Alan; Dickerson, Andy; Henley, Andrew - 1998

Persistent link: https://www.econbiz.de/10010443307

Investment, uncertainty and irreversibility: evidence from belgian accounting data

Cassimon, Danny; Engelen, Peter-Jan; Meersman, Hilde; … - 2002

This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of Belgian manufacturing firms. In general, the results confirm former analysis at the aggregate level, stating that uncertainty does matter but that the sign of the effect and its...

Persistent link: https://www.econbiz.de/10011506545

Investment, uncertainty and irreversibility : evidence from belgian accounting data

Cassimon, Danny; Engelen, Peter-Jan; Meersman, Hilde; … - 2002

Persistent link: https://www.econbiz.de/10011623419

Does Uneven Expected Risk Promote Poverty and Instability?

Chamberlain, Thomas E. - 2014

One of the hallmarks of a distressed economy is the spread between the nation's government bond yield and the yield of comparable U.S. Treasuries It is understood that this spread can be symptomatic of an important level of economic distress in the developing nations. Many believe that this...

Persistent link: https://www.econbiz.de/10014071081

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