This paper studies the influence of agency conflicts on the irreversibility effect. Using a dynamic variant of the … model, we characterize under which circumstances the irreversibility effect arises in the presence and absence of an agency … conflict. In particular, we find that in the presence of an agency conflict the irreversibility effect arises in more …

for the so-called irreversibility effect that are scattered in the environmental economics literature. A numerical …

for the so-called irreversibility effect that are scattered in the environmental economics literature. A numerical …

We define the irreversibility effect and demonstrate its importance in problems involving investment decisions under …

results on the irreversibility effect obtained from EU are generalized.The second part of the thesis deals with the …

emissions of greenhouse gases. A number of economists have argued that the literature on the "irreversibility effect", based on … towards climate change. <P>  However, Epstein (1980) showed that the analysis of the irreversibility effect by Arrow and … Fisher, Henry and others was based on special cases, and he derived sufficient conditions for the irreversibility effect to …