This paper investigates the role of firm heterogeneity in environmentally extended new trade models, contrasting Eaton-Kortum and Melitz models to Armington and Krugman models. We show that when emissions per sales are constant across firms -- a standard assumption in the literature -- all four...

This paper investigates the role of firm heterogeneity in environmentally extended new trade models, contrasting Eaton-Kortum and Melitz models to Armington and Krugman models. We show that when emissions per sales are constant across firms -- a standard assumption in the literature -- all four...

Purpose Traditionally, early-stage investment decisions on buildings purely based initial capital costs and simply ignored running costs and total lifecycle cost. This was basically due to the absence of estimating models that yield running costs at the early design stage. Often, when the design...

This study provides guidelines for strategic management in industrial oil plants linked to uncertainties of climate change through the development of integrated planning methodology with focus on coastal flooding events caused by relative sea level rise (RSLR). The research site is in Redonda...

We present an overview of methods to estimate risk arising from operational losses. Our approach is based on the study of the statistical severity distribution of a single loss. We analyze the fundamental issues that arise in practice when modeling operational risk data. We address the...

Advancing peace and conflict studies into a quantitative science requires advanced mathematical methods and concepts. Lim, Metzler and Bar-Yam (2007, “LMBâ€) provide a wavelet based method for predicting the location of violence in a country based upon the hypothesis that well mixed or...