The tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for … discount rate than the private sector. We derive a tractable rule for the optimal carbon price for each of these extensions …

The tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for … discount rate than the private sector. We derive a tractable rule for the optimal carbon price for each of these extensions …

In this paper a tractable methodology is presented to improve environmental sustainability by incorporating …

This paper analyzes tractable robust hedging strategies in diffusion-type models including stochastic volatility models … tractable hedging strategy is defined as the sum over Black-Scholes strategies. For a convex (concave) payoff, the cheapest … robust hedge is given by a BS-hedge at the upper (lower) volatility bound. Thus, it is tractable. For all other payoffs, one …

within a given interval. We focus on the effects of restricting the set of admissible strategies to tractable strategies … prohibitively expensive, this is not the case for the cheapest tractable robust hedge which consists of two Gaussian hedges for one …