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Pollution Externality and Pollution Abatement Capital : A Closed-Form Solution for the Investment Rate of a Green Firm with Uncertainty and Irreversibility

Saltari, Enrico; Travaglini, Giuseppe - 2014

This paper focuses on environmental policies aimed at rising investment in pollution abatement capital. Capital irreversibility is not postulated but endogenized using a quadratic adjustment cost function. We assume that ecological uncertainty, i.e. uncertainty over the dynamics of pollution,...

Persistent link: https://www.econbiz.de/10014190451

Risky Activities and Strict Liability Rules : Delegating Safety

Mondello, Gerard - 2010

This paper studies the delegation of activities that pose serious risks to health and the environment in an economy regulated by strict liability schemes. Strict liability induces judgment-proof possibilities. Two civil liability regimes are then compared: a strict liability scheme and a capped...

Persistent link: https://www.econbiz.de/10014190647

Policy Should Incorporate the Cost of Error and Uncertainty in Estimates of Fuel Carbon Intensity

O'Hare, Michael; Plevin, Richard J.; Lemoine, Derek - 2014

Implementation of many policies intended to reduce fuels’ contribution to global warming require an estimate of the global warming intensity (GWI) of various fuels. Determining the climate effect of a direct substitution of fuels is not the same as determining the official value of each...

Persistent link: https://www.econbiz.de/10014190712

Can and Should PR Change the Mass-Mediated Climate Debate? Theoretical Remarks on Risk Perception, Uncertainty and Crisis Communication

Sievert, Holger; Rhomberg, Markus - 2010

paper analyses how modern PR theory could be helpful in the positive development of government communication in the future …

Persistent link: https://www.econbiz.de/10014190964

Individuals’ Uncertainty about Future Social Security Benefits and Portfolio Choice

Delavande, Adeline; Rohwedder, Susann - 2010

Little is known about the degree to which individuals are uncertain about their future Social Security benefits, how this varies within the U.S. population, and whether this uncertainty influences financial decisions related to retirement planning. To illuminate these issues, the authors present...

Persistent link: https://www.econbiz.de/10014190990

Democracy Under Uncertainty : The ‘Wisdom of Crowds’ and the Free-Rider Problem in Group Decision Making

Kameda, Tatsuya; Hastie, Reid; Tsukasaki, Takafumi; … - 2010

We introduce a game theory model of individual decisions to cooperate by contributing personal resources to group …

Persistent link: https://www.econbiz.de/10014191196

Comparative Notes on Injunction and Wrongful Risk-Taking

Van Boom, Willem H. - 2010

of injunction in cases concerning wrongful risk-taking behaviour (as opposed to intentional or deliberate wrongdoing …). Although there seems to be little practical experience with injunctive relief in cases of wrongful risk-taking behaviour, both … injunctive relief for the understanding of tort law. If indeed the role of injunctive relief in cases of wrongful risk …

Persistent link: https://www.econbiz.de/10014192159

Dividend Increases and Initiations and Default Risk in Equity Returns

Charitou, Andreas; Lambertides, Neophytos; Theodoulou, … - 2010

This study extends the Grullon, Michaely and Swaminathan (2002) analysis by incorporating default risk. Using data for … default risk. This reduction is shown to be a priced risk factor beyond the Fama and French (1993) risk measures, and that it … analysis reveals that the reduction in default risk is a significant factor in explaining the three-year excess returns …

Persistent link: https://www.econbiz.de/10014192535

FIN 48, Uncertainty and Transfer Pricing : (Im)Perfect Together?

Borkowski, Susan C.; Gaffney, Mary Anne - 2014

Financial Accounting Standards Board Interpretation No. 48: Accounting for Uncertainty in Income Taxes (hereafter, FIN48) has changed significantly how corporations must disclose uncertain tax positions. One uncertain tax position experienced by most TNCs is related to the cross-border shifting...

Persistent link: https://www.econbiz.de/10014192942

On Some Layer-Based Risk Measures with Applications to Exponential Dispersion Models

Furman, Olga; Furman, Edward - 2010

Layer-based counterparts of a number of well-known risk measures have been proposed and studied. Namely, some …

Persistent link: https://www.econbiz.de/10014192969