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International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the 'fat tail', on the formation...
Persistent link: https://www.econbiz.de/10009690831
. Using unique panel data, we find that households who report storm damage increased their risk taking. We do not find … provided by the insurance industry. While we cannot identify the channels through which experiencing storm damage affects risk …Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical …
Persistent link: https://www.econbiz.de/10011454120
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries' behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower, treaties...
Persistent link: https://www.econbiz.de/10009684058
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … respect to consumption is particularly important because it assumes three roles: consumption smoothing over time, risk … rates of risk and inequity aversion can be expected to play significant roles. The consumption growth rate plays four roles …
Persistent link: https://www.econbiz.de/10003799702
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … respect to consumption is particularly important because it assumes three roles: consumption smoothing over time, risk … rates of risk and inequity version can be expected to play significant roles. The consumption growth rate plays four roles …
Persistent link: https://www.econbiz.de/10003800780
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … respect to consumption is particularly important because it assumes three roles: consumption smoothing over time, risk … rates of risk and inequity aversion can be expected to play significant roles. The consumption growth rate plays multiple …
Persistent link: https://www.econbiz.de/10003843065
in the country in order to measure the impact of climate change on the dengue risk in Brazil, and also examine the public … risk, a comparative case study research will be used, based on the comparison of cities that suffered from specific climate … conditions that increased the risk of dengue with cities whose climatic conditions stayed the same. The counterfactual will be …
Persistent link: https://www.econbiz.de/10011495421
Climate change related risks impact and challenge the private sector in many different ways. This also applies to risk … drivers like a companies' reputation and a changing consumer behavior. Since significant risk drivers for companies differ … just as much as companies themselves, a sector specific guideline to evaluate possible climate change related risk drivers …
Persistent link: https://www.econbiz.de/10010462527
Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to …. The simulations show that aversion to this tipping point risk has little effect. For climate sensitivity of realistic …
Persistent link: https://www.econbiz.de/10010388571
climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …
Persistent link: https://www.econbiz.de/10011290817