Showing 41 - 50 of 111,379
This paper proposes an operationally simple and easily generalizable methodology to incorporate climate change damage uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region-specific factor by extracting damage distribution...
Persistent link: https://www.econbiz.de/10012997069
for which the expected productivity of discoveries is highest. Leads of unusual promise then command information rents …, associated with their role in reducing the costs of search. When genetic materials are abundant, information rents are virtually …
Persistent link: https://www.econbiz.de/10014172538
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...
Persistent link: https://www.econbiz.de/10014172788
. Leads of unusual promise then command information rents, associated with their role in reducing the costs of search. When … genetic materials are abundant, information rents are virtually unaffected by increases in the profitability of product …
Persistent link: https://www.econbiz.de/10014172924
This paper argues that the Kyoto Protocol to the 1992 Framework Convention on Climate Change was doomed to face difficulties ab initio. It explains why this is the case by analyzing the Kyoto Protocol’s shortcomings and deficiencies. Moving the climate change agenda forward multilaterally...
Persistent link: https://www.econbiz.de/10014176156
The World Economic Forum recognizes that while restrictions on energy affect water systems and vise versa, energy and water policy are rarely coordinated. The International Panel on Climate Change predicts that wet places will become wetter and dry places will become dryer. Transboundary water,...
Persistent link: https://www.econbiz.de/10014196020
The Coase Theorem is analyzed in a setting in which pollution damages are a stochastic function of emissions and of natural environmental variability (e.g., weather). When pollution damages are stochastic, emissions create financial risks. Pollution levels allowed under Coasian contracts then in...
Persistent link: https://www.econbiz.de/10014139539
The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution trajectories modified when uncertainty is taken into account? To...
Persistent link: https://www.econbiz.de/10014124481
various issues pertaining to different disciplines such as information and technology – representing digital India …
Persistent link: https://www.econbiz.de/10014127211
This paper examines search with active learning and correlated information. We first develop a simple model to show how … correlation affects the decision to acquire information. A unique data set on fishing site choice by mid-Atlantic clam fishermen … declines, i.e., when the opportunity cost of gathering information is low, but also when catch at familiar sites is on the rise …
Persistent link: https://www.econbiz.de/10014050865