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total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business …
Persistent link: https://www.econbiz.de/10011185553
from the power sector. The uncertainty in industrial consumption of electricity and power generation are identified as …
Persistent link: https://www.econbiz.de/10011186277
Qualitative uncertainty in care services reduces the possibility to differentiate qualities through the prices. In this …
Persistent link: https://www.econbiz.de/10011186939
. The second one concerns their conceptions of uncertainty and profit, which shows that the place of the entrepreneur in the …
Persistent link: https://www.econbiz.de/10011187267
(“uncertainty”), we find that a lax monetary policy decreases both risk aversion and uncertainty, with the former effect being …
Persistent link: https://www.econbiz.de/10011042889
deviations from the mean, and ρ(d) is a measure of (aversion to) dispersion that corresponds to an uncertainty premium. The key … feature of these mean-dispersion preferences is that they exhibit constant absolute uncertainty aversion. This class includes … ρ(⋅) correspond to known models, to probabilistic sophistication, and to some new notions of uncertainty aversion. …
Persistent link: https://www.econbiz.de/10011042919
Few papers in the literature on inequality measurement deal with uncertainty, particularly when the ranking of cohorts … may not be fixed. We present a set of axioms implying such a class of inequality measures under uncertainty that is a one …
Persistent link: https://www.econbiz.de/10011042965
thus the demand for abatement, are driven more by outcome uncertainty than expected outcomes. …
Persistent link: https://www.econbiz.de/10011043086
, sustaining only modest cuts in emissions. These results are unaffected by uncertainty about the impact of catastrophe. By … contrast, uncertainty about the catastrophic threshold normally causes coordination to collapse. Whether the probability …
Persistent link: https://www.econbiz.de/10011043098
We design and conduct a field experiment in which treated subjects receive a precise and objective signal regarding their knowledge about a public good before estimating their WTP for it. We find that the causal effect of objective signals about the accuracy of a subject׳s knowledge for a...
Persistent link: https://www.econbiz.de/10011043110