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Fuzzy multicriteria for developing a risk management system in seismically prone areas

Vahdat, Kamran; Smith, Nigel J.; Amiri, G. Ghodrati - In: Socio-Economic Planning Sciences 48 (2014) 4, pp. 235-248

Earthquakes pose a predominant risk to cities in seismically prone areas. This paper addresses the need to mitigate the exposure of cities to seismic risk in general and to existing and new build structures in particular. The many and complex factors to be considered require a form of...

Persistent link: https://www.econbiz.de/10011118025

The Timing and Probability of Switching to Second-line Regimen - An application to Second-Line Antiretroviral Therapy in India.

Felipa, de Mello-Sampayo - Volkswirtschaftliche Fakultät, … - 2014

Health fluctuations render the outcome of any treatment switch uncertain, so that decision makers might have to wait for more information before optimally switching treatments. This paper sets up a stochastic model that provides an optimal rule for the timing of treatment switch. The results of...

Persistent link: https://www.econbiz.de/10011118532

A Dynamic Game of Emissions Pollution with Uncertainty and Learning

Masoudi, Nahid; Santugini, Marc; Zaccour, Georges - Centre Interuniversitaire sur le Risque, les Politiques … - 2015

We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and … ecological uncertainty but they gain information (learn) about it. We then compare our learning model with the benchmark model of … full information, where players know the distribution of ecological uncertainty. We find that uncertainty due to …

Persistent link: https://www.econbiz.de/10011120284

Willingness to contribute to collective forest management: Evidence from Godere in the Gambela Region of Ethiopia

Girma, Wondimagegnehu; Beyene, Fekadu - In: Journal of Behavioral and Experimental Economics … 41 (2012) 1, pp. 79-86

This paper examines factors determining willingness to contribute to collective forest management at Godere Forest Priority Area in the Gambela Region of Ethiopia. Using data collected from 160 households, we tested a number of hypotheses. Results show that households that perceived destruction,...

Persistent link: https://www.econbiz.de/10011120412

Capital circulation and the explanation of economic change by Marschak, Frisch and Leontief

Akhabbar, Amanar - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 119-158

We analyze a series of macroeconometric models developed in the years of high theory by Marschak, Frisch and Leontief. These models share an explanation of growth, cycles and fluctuations (“economic change”), based on the analysis of the circulation of capital goods among producers. They...

Persistent link: https://www.econbiz.de/10011122330

Real Options Analysis of Electricity Portfolios

Csapi, Vivien - In: Public Finance Quarterly 59 (2014) 4, pp. 529-545

The characteristics of large, sometimes giga-sized investments of complex engineering systems often require a multidisciplinary decision-making process. The investment parameters on which the decision-making is based, the optimality criteria underlying this process and the identification of the...

Persistent link: https://www.econbiz.de/10011122500

Modelling Biased Judgement with Weighted Updating

Zinn, Jesse - Volkswirtschaftliche Fakultät, … - 2013

The weighted updating model is a generalization of Bayesian updating that allows for biased beliefs by weighting the functions that constitute Bayes' rule with real exponents. I provide an axiomatic basis for this framework and show that weighting a distribution affects the information entropy...

Persistent link: https://www.econbiz.de/10011122815

Political uncertainty and household savings

Aaberge, Rolf; Liu, Kai; Zhu, Yu - Statistisk Sentralbyrå, Government of Norway - 2014

Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few … papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We … present evidence that a surge in political uncertainty resulted in significant temporary increases in savings among urban …

Persistent link: https://www.econbiz.de/10011123422

Impacts of Planning Rules, Regulations, Uncertainty and Delay on Residential Property Development

Grimes, Arthur; Mitchell, Ian - Motu: Economic & Public Policy Research - 2015

costs, including costs of delay and uncertainty. We outline a conceptual framework for the development process and then …

Persistent link: https://www.econbiz.de/10011123653

Uncertainty and the Employment Dynamics of Small and Large Businesses

Ghosal, Vivek; Ye, Yang - International Monetary Fund (IMF) - 2015

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …

Persistent link: https://www.econbiz.de/10011123865